Technical looks that price after a short strong selling pressures Its reverse from its newly formed short-term support zone will be at 10550, After forming support chart having strong buying we are anticipating 3 three patterns which 2nd drive going on, anticipating bullish from the level of 10555, Resistance will be at 10940.
MAJOR SUPPORT 10900, 10800, IF IT BREAK NEXT WILL BE 10500
OPTION CHAIN ANALYSIS:
WINNER: CALL WRITING AT HIGHER LEVEL
HIGHEST PUT WRITING LEVELS: 10900, 10800, 10500
HIGHEST CALL WRITING LEVELS: 11000, 11200
Study on Nifty Analysis: Call Writing More, But in Higher Level Put writing increasing in the level of 10900, 10800.
NIFTY ANALYSIS: SUPPORT LOOKS STRONG AT 10900 TO 10800, If it breaks selling will encounter
VALID: DECEMBER-31 TO 4 JANUARY