NSE:NIFTY   Nifty 50 Index
Stock market is a game of probability. There is nothing absolute here. None can say how Nifty will open tomorrow morning and close at the end of the day. Technical Analysis is a proven method to appropriate this possibility. 101 points cut. Below 5 DMA (momentum MA) Price is halted at 9 DMA. Below this price may take support at 15 DMA which is also the Median of Pitchfork (the scale in this site is different). Moreover this is also the breakout level (price is 11161). Pullback after a breakout is often a possibility. Pitchfork resistance gave some good idea.
OI Table: Bears have increased their position at 11500 Call strike. And bulls have reduced their position at 11000 Put strike. So we may expect that more correction is to be seen tomorrow onwards.
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