Ravi Bhatt
7 Sep • 3:22 PM · SEBI-Registered Analyst
MIDCPNIFTY TECHNICAL LEVEL & DERIVATIVE STRATEGY
MIDCP NIFTY BULLISH BREAKOUT ZONE 14720
MIDCPNIFTY BEARISH BREAKOUT ZONE 14540
OPEN INTEREST UPDATES IN OPTION CHAIN:
IN INTRADAY HIGHER OPEN INETEREST SEEN @ 14800 CALL & 14700 PUT. AS PER DATA ANALYSIS MIDCPNIFTY LOOKS SLIGHT BEARISH. AS PER OPTION CHAIN ANALYSIS 14800 LOOKS STRONG RESISTANCE LEVEL FOR MIDCP NIFTY. SINCE LAST WEEK DUE TO HIGHER CRUDE OIL PRICES , GEOPOTICAL RISK PROFIT BOOKING SEEN IN MIDCPNIFTY. AS PER CURRENT SET UP AVOID INDEX TRADING AND USE STOCK SPECIFIC APPROACH. UNITED STATES INFLATION WILL DECIDE FURTHER DIRECTION OF MIDCPNIFTY. PHARMA SECTOR , DEFENSE SECTOR ARE LOOKING GOOD FOR MEDIUM TERM AND METAL SECTOR MAY COMPBACK TOMORROW OR DAY AFTER. SO IN METAL SECTOR BUY ON DIPS STRATEGY USEFUL.


