[sharetrading] NIFTY

 

Bulls are languishing even after good support being shown by the bear turncoats………. As long as 4760 holds, market has a chance at attacking 4845. It would require tremendous power to cross that. Considering that today the calls OI reduced <except 4800> in a big way and puts OI increased, may be the market is preparing for a move down………….. For the rd week 4760 would be offering good support. But 4845 is like a Damocles sword…..

EU had opened up with a gap and is showing good indications of holding up. Even commodities like oil / gold is showing a come back…..

 

Abe

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