MIDCPNIFTY BULLISH BREAKOUT ZONE 13900 MIDCPNIFTY BEARISH BREAKOUT ZONE 13600 OPEN INTEREST UPDATES IN OPTION CHAIN : HIGHER OPEN INTEREST SEEN @ 13800, 13900 CALL & 13800 & 13700 PUT. AS PER DATA ANALYSIS MARKET LOOKS NEGATIVE. AS PER OPTION CHAIN ANALYSIS 13500 LOOKS STRONG SUPPORT LEVEL. MAXIMUM PUT WRITING SEEN @ 13500 PUT LEVEL. IF MIDCPNIFTY BREAK 13500 LEVEL THAN 13200 WILL BE NEXT SUPPORT LEVEL. NEAR TERM 13900 IS STRONG RESISTANCE LEVEL. PUT CALL RATIO OF MIDCPNIFTY IS 0.75 THIS PCR RATIO INDICATES CALL OPTION SELLERS ARE STILL DOMINATING IN THIS MARKET. ONE OF THE NEGATICE FACTOR OF TODAY IS AS PER REPORT GOVERMENT IS SPENDING LESS COMPARE TO BUDGET ESTIMATE EXPENSE. DUE TO THIS ACTION MARKET LIQUIDITY MAY DECREASE IN UPCOMING DAYS.

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