NIFTY strong resistance around 4500-4550, if crosess these levels then next target would be 4700+ (as 4700CE has 35lacs open interest).
Short term range for NIFTY could be 4300 - 4700.
(NIFTY still has very high open interest in 4000 PE & 3800 PE, a breakout of 4300 level will take to 4000-3800 level)
| Price | Open Interest | Interpretation |
| Rising | Rising | Market is Strong |
| Rising | Falling | Market is Weakening |
| Falling | Rising | Market is Weak |
| Falling | Falling | Market is Strengthening |
Stock in news
Today buy ANU's LAB for a target of 36-38 (they have declared 1:1 bonus issue) and dividend suppose to be on 27JULY09.
No comments:
Post a Comment