#NIFTY - Realtime :- Index breached major support of 8700/- in Intraday & Plunged near to its next Support of 8550/- Also, Put-Call Ratio (PCR) for Current Expiring Month (September) dropped to 0.8 while major Put Options Positions were squared off, as shown by OI Concentration Chart. Further movement in Index depends on how it reacts to is Next Major Support of 8550/-
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18th Sep, 2016 :- NIFTY - Realtime :- Point & Figure [15 x 2]
#NIFTY - Realtime [Data, Last Updated 16th Sep, 2016] :- Index has corrected from its 52 Week High, to test previous broken Resistance @ 8700/- turned as Support.
Max. Open Interest (OI) is seen @ 8500/- & 8600/- Put Options Strike and for Call Options @ 8900/- & 9000/- Strike, signalling Index to hover between these strikes in short time, with Put-Call Ratio (PCR) = 1.22/-
Max. Open Interest (OI) is seen @ 8500/- & 8600/- Put Options Strike and for Call Options @ 8900/- & 9000/- Strike, signalling Index to hover between these strikes in short time, with Put-Call Ratio (PCR) = 1.22/-
11th Sep, 2016 :- NIFTY - Realtime :- Point & Figure [15 x 2]
#NIFTY - Realtime [Data, Last Updated 09th Sep, 2016] :- Index has been unable to cross 8970/- level & headed for a correction. Open Interest (OI) in Call Options in 9000/- Strike is building largely signalling Strong Resistance. Despite of Put-Call Ratio (PCR) > 1, it is decreasing significantly, which also signals more downside for Index.
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