NIFTY BULLISH BREAKOUT ZONE NIFTY BEARISH BREAKOUT ZONE OPEN INTEREST UPDATES: HIGHER OPEN INTEREST SEEN @ 24300 CALL AND 24200 PUT. RIGHT NOW IN NIFTY OPTION MARKET SELLER DOMINATES BECAUSE LAST 5 DAYS NIFTY IS TRADING IN NARROW RANGE. 24300 LOOKS STRONG RESISTANCE AND 24200 IS STRONG SUPPORT LEVEL. FII LONG RATIO IN INDEX FUTURE IS JUST 9.95% THIS RATIO INDICATES FII MAY COVER SHORT POSITION IN UPCOMING DAYS OR MAY CARRYFORWARD IN NEXT MONTH SO MARKET MAY SEE RELIEF RALLY IN THIS WEK. INTRADAY PLAYERS CAN TAKE LONG POSITION IF NIFTY CROSS 24300 LEVEL RESISTANCE. POWERSECTOR , ELECTRONIC GOOD SECTORS ARE LOOKING GOOD FOR SHORT TERM TRADING. FOR POSITIONAL INVESTOR NIFTY RESISTANCE IS 24400, 24600 24850 AND SUPPORT IS 24050,23900.

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