Good Morning All.
I am an S/W Engineer by qualification and a Trader by profession.
I am happy that Market allows me to stay with it from 2008 .
Recently We have completed our 10 th year of Freindship.
I am grateful that Market teaches me lot in a Decade and keeping me with him to sustain and grow .
Nifty is currently trading above 10950.
As the OI concentration is marginally very high in CE 11000 with the value above 42 Lakhs.
And while in PE 10600 it is above 45 Lakhs.
From the above scenario we can conclude that downside doors are still open for Nifty
In the morning also Nifty shows rejection for 11000 levels.
Hope Nifty will shows the levels below 10900 in coming days.
NIFTY stands near all time high position.
But the chart pattern develop on daily chart is suspecious as it indicates hault for up move.
I hope Nifty may correct to descent downward levels before it resume its primary trend.
Hope Nifty may come 10900 levels in coming days(Nifty Futures).