MIDCPNIFTY TECHNICAL LEVEL & DERIVATIVE ANALYSIS

MIDCPNIFTY BULLISH BREAKOUT ZONE 14400 MIDCPNIFTY BEARISH BREAKOUT ZONE 14200 OPEN INTEREST UPDATES IN OPTION CHAIN: HIGHER OPEN INETEREST SEEN @ 14400 CALL & 14300 PUT. AS PER DATA ANALYSIS MARKET LOOKS RANGE BOUND TO MILD POSITIVE. AS PER OPTION CHAIN ANALYSIS 14400 LOOKS STRONG RESISTANCE LEVEL. MAXIMUM CALL OPTION SELLING SEEN @ 14400 CALL AND 14200 WILL BE KEY SUPPORT LEVEL FOR MIDCPNIFTY MAXIMUM PUT WRITING SEEN @ 14200 PUT. TODAY HEAVY RECOVERY SEEN IN ELECTRONIC SECTOR, POWER SECTOR AND REAL ESTATE SECTOR. BUT REAL ESTATE SECTOR STILL LOOKS BEARISH SO BETTER TO AVOID AND FOR SHORT TERM PURPOSE INSURANCE SECTOR IS LOOKING GOOD STILL OVERALL MARKET FUNDAMENTAL STILL WEAK SO BETTER TO AVOID POSITIONAL BUYING.