NIFTY BULLISH BREAKOUT ZONE 23430 NIFTY BEARISH BREAKOUT ZONE 23300 OPEN INTEREST UPDATES IN OPTION CHAIN: HIGHER OPEN INETREST SEEN @ 23500 CALL AND 23300 PUT. AS PER DATA ANALYSIS MARKET LOOKS RANGE BOUND TO POSITIVE. AND AS PER OPTION CHAIN ANALYSIS 23400 & 23500 LOOKS STRONG RESISTANCE LEVEL AND 233300 IS STRONG SUPPORT LEVEL. NIFTY PCR RATIO IS 1.12INDICATES PUT SELLING IS HIGHER THAN CALL. FII LONG SHORT RATIO IN INDEX FUTURE IS 12.57% AND THIS RATIO IS INCREASING SLIGHTLY. AND FRIDAY FII BUYING SEEN IN CASH MARKET ALSO. SO AS PER FII DATA IN CASH MARKET AND DERIVATIVE MARKET INDICATES MARKET MAY REACH TO 23500 LEVEL IN 2 DAYS. CRUDE OIL IS TRADING IN NARROW RANGE DESPITE GEOPOLITICAL RISK IN MIIDLE EAST.

BHEL

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