MIDCPNIFTY TECHNICAL LEVEL & DERIVATIVE STRATEGY

MIDCPNIFTY BULLISH BREAKOUT ZONE 15040 MIDCPNIFTY BEARISH BREAKOUT ZONE 14900 OPEN INETEREST UPDATES IN OPTION CHAIN: IN INTRADAY HIGHER OPEN INTEREST SEEN @ 15000 CALL & 15000 PUT. AS PER DATA ANALYSIS MIDCPNIFTY LOOKS RANGEBOUND. AS PER OPTION CHAIN ANALYSIS 15000 LOOKS RESISTANCE LEVEL BECAUSE HEAVY CALL SELLERS SEEN @ 15000 CALL. AND DEFENSE SECTOR, POWER SECTOR AND ELECTRONIC GOODS SECTOR STILL LOOKING GOOD FOR MEDIUM TERM. DUE TO LACK OF ANY FRESH CLUES TOMORROW MARKET MAY TRADE IN NARROW RANGE AND TOMORROW OPTION SELLING IN BOTH SIDE STRATEGY MAY USEFUL. TODAY METAL SECTOR SEEN PROFIT BOOKING BUT BUY ON DIPS STRATEGY USEFUL. INDIA VIX IS INCREASING AND IT WILL MAY IMPACT NEGATIVELY IN INDIAN STOCK MARKET.