NIFTY TECHNICAL LEVEL & DERIVATIVE STRATEGY

NIFTY BULLISH BREAKOUT ZONE 24400 NIFTY BEARISH BREAKOUT ZONE 24200 OPEN INTEREST UPDATES IN OPTION MARKET YESTERDAY IN NIFTY OPTION CHAIN HIGH OPEN INTEREST SEEN @ 24500 CALL & 24200 PUT. AS PER DATA ANALYSIS LOOKS 24500 WILL PLAY KETY RESISTANCE LEVEL AND 24200 WILL PLAY KEY SUPPORT LEVEL. DURING MORNING SESSION BUY STRATEGY IN NIFTY WILL BE USEFUL SOME FACTORS LOOKS POSITIVE FOR INDIAN EQUITY MARKET . 1) CRUDE OIL PRICE IS DECREASING 2) GEOPOLITICAL TENSION LOOKS ERASED TODAY FINANCE SECTOR . REALITY SECTOR, INFRA SECTOR MAY GIVE RALLY TODAY. AND AVOID SHORT SELLING IN TODAY MARKET DURING OPENING SESSION. THIS IS BUY ON DIPS MARKET IN INTRDAY MARKET FIRST TARGET IS 24400, SECOND TARGET IS 24600.