MIDCPNIFTY BULLISH BREAKOUT ZONE 14650 MIDCPNIFTY BEARISH BREAKOUT ZONE 14480 OPEN INETEREST UPDATES IN OPTION CHAIN: HIGHER OPEN INTEREST SEEN @ 14625 CALL & 14500 PUT. AS PER DATA ANALYSIS MARKET LOOKS RANGEBOUND. AS PER OPTION CHAIN ANALYSIS 14700 LOOKS STRONG RESISTANCE LEVEL IN LAST ONE WEEK HEAVY CALL OPTION SELLING SEEN @ 14700 LEVEL. 14300 LOOKS STRONG SUPPORT LEVEL BECAUSE HEAVY MAXIMUM PUT SELLING SEEN @ 14300 LEVEL. MIDCPNIFTY PUT CALL RATIO IS 0.984 ALSO INDICATES MARKET LOOKS NEUTRAL. OPTION SELLERS ARE DOMINATING MARKET IN CALL SIDE AND PUT SIDE BOTH. AVOID POSITIONAL OPTION BUYING RIGHT NOW. SCALPING APPROACH USEFUL IN PRESENT SET UP. METAL SECTOR , PHARMA SECTOR AND EXCHANGE RELATED STOCKS ARE LOOKING GOOD.

MCX

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