KPL's blog on Indian stock markets, science, technology and more
SEBI Registration (Research Analyst) : INH000000743
June 26, 2015
- trend up on daily charts but down on weekly charts
- past 4 days we are seeing rangebound trading
- strong resistance at 8500 levels
- option writing points to support at 7900 (highest OI) and resistance at 8500 (low OI)
- this means option writers are bearish and see limited upsides.