NIFTY BULLISH BREAKOUT ZONE 23470 NIFTY BEARISH BREAKOUT ZONE 23360 OPEN INTEREST UPDATES IN OPTION CHAIN: HIGHER OPEN INTEREST SEEN @ 23600 CALL & 23400 PUT. AS PER DATA ANALYSIS MARKET LOOKS POSITIVE. AS PER OPTION CHAIN ANALYSIS 23600 LOOKS STRONG RESISTANCE LEVEL FOR NIFTY BECAUSE IN LAST WEEK HEAVY CALL SELLIG SEEN @ 23600. NIFTY PUT CALL RATIO IS 1.465 INDIACTES PUT SELLER IS DOMINATING MARKET CLEARLY AND YESTERDAY HEAVY SELLING SEEN IN CALL SIDE. DURING OPENING SESSION TRADER MAY BUY NIFTY WITH 23600 TARGET. DUE TO LACK OF ANY DIRECTIONAL CLUE MARKET MAY NOT SEE BIG MOVEMENT. FII LONG SHORT RATIO IS 12.37% IN FUTURE INDEX. YESTERDAY FII HAVE NOT TAKING ANY HEAVY POSITION IN FUTURE MARKET.

DIXON

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