MIDCPNIFTY TECHNICAL DETAIL & DERIVATIVE ANALYTICS

MIDCPNIFTY BULLISH BREAKOUT ZONE 14150 MIDCPNIFTY BEARISH BREAKOUT ZONE 13800 OPEN INTEREST UPDATES IN OPTION CHAIN : HIGHER OPEN INTEREST SEEN @ 14100 CALL & 13900 PUT. AS PER DATA ANALYSIS MARKET LOOKS BEARISH. ON THE BASIS OF OPTION CHAIN ANALYSIS 14200 LOOKS STRONG RESISTANCE LEVEL BECAUSE MAXIMUM CALL SELLING SEEN @ 14200 LEVEL AND 14000 LOOKS STRONG SUPPORT LEVEL AS PER OPTION CHAIN ANALYSIS. MIDCPNIFTY PUT CALL RATIO IS 0.75 THIS PCR RATIO INDICATES CALL OPTION SELLERS ARE DOMINATING IN OPTION MARKET. SINCE MORNING SESSION CALL OPTION SELLING SEEN AS PER TRENDING OPEN INTEREST DATA. DUE TO HIGHER CRUDE OIL PRICE MARKET STILL LOOKS BEARISH SELL ON RISE STRATEGY WILL BE USEFUL.