Wild swings seen on last trading session. For the first time price has breached the support line created since 3rd of September 2016. This may indicate that bears are taking onto market command. Now if 10800 provides support -- as per OI table-- Nifty may see the level of resistance built at 11000 (highest Call OI). Failing to hold above 10800, support comes at previous support zone in the trend line i.e. 10700 which is confirmed by OI table too.
Budget day is closing up and traders are feeling jittery.
Budget day is closing up and traders are feeling jittery.