MIDCPNIFTY TECHNICAL LEVEL & DERIVATIVE STRATEGY

MIDCPNIFTY BULLISH BREAKOUT ZONE 14700 MIDCPNIFTY BEARISH BREAKOUT ZONE 14450 OPEN INETEREST UPDATES IN OPTION CHAIN: IN INTRADAY HIGHER OPEN INTEREST SEEN @ 14600 CALL & 14600 PUT. AS PER DATA ANALYSIS MARKET LOOKS BEARISH AND AS PER OPTION CHAIN ANALYSIS CALL OPTION SELLERS ARE DOMINATING THEIR POSITION IN LAST 3 DAYS AND 14800 LOOKS STRONG RESISTANCE LEVEL IN THIS WEEK. ON THE BASIS OF CURRENT MARKET CONDITION SELL ON RISE STRATEGY WILL BE USEFUL BECAUSE GLOBAL MARKET LOOKS VERY BEARISH DUE TO GEOPOLITICAL RISK. AND IN LAST ONE WEEK HEAVY SELLING SEEN IN LARGE CAP COMPARE TO MIDCAP AND SMALL CAP STOCKS. POWER SECTOR AND DEFENSE SECTOR LOOKS SOLID BUY ON DIPS STRATEGY USEFUL IN THIS SECTOR.