Ravi Bhatt
3 Sep • 4:31 PM · SEBI-Registered Analyst
MIDCPNIFTY TECHNICAL LEVEL & DERIVATIVE STRATEGY
MIDCPNIFTY BULLISH BREAKOUT ZONE 14830
MIDCPNIFTY BEARISH BREAKOUT ZONE 14700
OPEN INETEREST UPDATES IN OPTION CHAIN:
IN INTRADAY HIGHER OPEN INTEREST SEEN @ 14800 CALL & 14700 PUT. AS PER DATA ANALYSIS MARKET LOOKS POSITIVE BECAUSE HEAVY PUT SELLING SEEN @ 14750 PUT AND 14725 PUT. OPTION CHAIN DATA INDICATES PUT SELLERS ARE DOMINATING IN OPTION MARKET. MIDCAP SECTOR IS LOOKING STRONG COMPARE TO LARGE CAP SECTOR. CHEMICAL , POWER AND DEFENSE SECTOR ARE LOOKING GOOD ON MEDIUM TERM BASIS.
FOR POSITIONAL TRADER BUY ON DIPS STRATEGY WILL BE USEFUL NEAR TERM RESISTANCE IS 14950, 15150 AND SUPPORT LEVEL IS 14600. AVOID NBFC SECTOR RIGHT NOW. NBFC SECTOR VALUATION WISE STILL OVERVALUED.


