MIDCPNIFTY TECHNICAL LEVEL & DERIVATIVE STRATEGY

MIDCPNIFTY BULLISH BREAKOUT ZONE 15080 MIDCPNIFTY BEARISH BREAKOUT ZONE 14880 OPEN INTEREST UPDATES IN OPTION CHAIN IN INTRADAY HIGHER OPEN INTEREST RATE SEEN @ 15000 CALL & 15000 PUT. AS PER DATA ANALYSIS MARKET STILL LOOKS RANGE BOUND. 15080 LOOKS STRONG RESISTANCE LEVEL. IN LAST 2 WEEKS 2 TIMES MIDCAP NIFTY TRIED TO BREAK 15080 LEVEL BUT FAILED BUT DUE TO LOWER CRUDE OIL PRICES LOOKS MIDCPNIFTY MAY BREAK THIS LEVEL SOON. AUTO SECTOR, INFRA SECTOR AND METAL SECTOR MAY PUSH MIDCP NIFTY AT HIGHER LEVEL. TOMORROW 15080 WILL WORK AS STRONG RESISTANCE LEVEL AND 14800 WILL WORK AS A STRONG SUPPORT LEVEL FOR POSITIONAL INVESTOR. DEFENSE SECTOR IS INCREASING SLOWLY LOOKS SOLID FOR INVESTMENT PURPOSE.