NEW DELHI: The Nifty50 index opened in the positive, but failed to hold above its fast hurdle at 10,080 and corrected in opposition to the 10,050 level.
The index fashioned a small bearish candle and at last closed with a marginal loss of around 10 points.
Now, it has to go and hang above the 10,080 stage to witness an upward move towards 10,120 and 10,140 levels, while on the downside, helps are considered at 10,020 after which 9,980 levels.
On the options front, most Put open interest stood at strike value 10,000 adopted by means of 9,800, while most name OI was at strike costs 10,500 and 10,200. contemporary name writing was once considered at strike costs 10,200 and 10,100 while Put writing was witnessed at strike prices 10,100 and 10,000. possibility knowledge prompt limited upside in addition to the downside, because the index obtained stuck in a trading vary with option writers preserving their grip.
Now, if the Nifty50 slips under 9,980 or holds above 10,120, simplest then could we see a metamorphosis within the choices state of affairs and see a trigger for further momentum out there.