Hi friends,
Today have seen strong selling signal in terms of OI getting higher while price is getting lower, it lastly happened at 4585.
I just wants to learn weather at certain point if Open Interest stop to move , can we make out that as a resistant level for Nifty to keep a level near that range bound?
Can any body explain me for this?
Today have seen strong selling signal in terms of OI getting higher while price is getting lower, it lastly happened at 4585.
I just wants to learn weather at certain point if Open Interest stop to move , can we make out that as a resistant level for Nifty to keep a level near that range bound?
Can any body explain me for this?