NSE:NIFTY   Indice NIFTY 50
Last Friday once more Nifty took support at 9 DMA and tried to move up but could no. As per OI table, bulls are holding onto 10700 Puts with highest OI. Bears though have reduced their grip onto 11000 Calls (send highest OI), yet they may try to show some dominance tomorrow, Day chart is overbought. Weekly chart has developed a Negative Divergence but not triggered. On weekly chart 5th wave is running. More than technical study, Nifty will be taking cues from sentiment of traders in coming days. Trade war with USA vs. China, India etc. is once more back on the centerstage. India is also taking active part in it. Though Crude is declining, INR against USD is at alarming height. Major trend remains up though.
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