11/08/2017
Yesterday nifty opened in a negative note and was volatile throughout the trading hour. Nifty showed a gap down open and formed a double top pattern near the previous day close. The pattern being a negative one made the index to lose some 75 points from the high of the day. The open interest over 9800 and 9700 PE has been shedding with an increase in open interest over higher strike price CE. This is an indication that the market sentiment is quite bearish which could make nifty to shed some more points in near future.
Disc: This information is purely for educational purpose. It is not, and should not considered as an investment advice or as a recommendation.Have a nice trading day.