MIDCPNIFTY TECHNICAL LEVEL & DERIVATIVE STRATEGY

MIDCPNIFTY BULLISH BREAKOUT ZONE 14960 MIDCPNIFTY BEARISH BREAKOUT ZONE 14800 OPEN INTEREST UPDATES: IN INTRADAY HIGHER OPEN INTEREST SEEN @ 14900 CALL & PUT . AS PER DATA ANALYSIS MIDCP NIFTY LOOKS RANGE BOUND WE MAY SEE DIRECTIONAL MOVEMENT IN THIS WEEK. 14800 LOOKS STRONG SUPPORT LEVEL IF MIDCP NIFTY BREAK 14800 THEN BEARISH MOMENTUM WILL START. FOR POSITIONAL TRADING PURPOSE DEFENSE SECTOR , STEEL SECTOR AND PHARMA MIDCAP STOCKS ARE LOOKS GOOD. AVOID FMCG MIDCAP STOCKS IN UPCOMING DAYS DUE TO DROUGHT RISK IN COUNTRY. FOR LONG TERM INVESTMENT PURPOSE RENEABLE ENERGY SECTOR LOOKING GOOD SPECIALLY SUZLON, NTPC GREEN ENERGY. FOR POSITIONAL INVESTOR RESISTANCE LEVEL IS 15000, 15300 AND SUPPORT LEVEL IS 14750, 14400.