#NIFTY - Daily [Last Updated 12/05/2017] :- Index has been hitting New Highs & Higher Lows on Daily Charts and Converging. While Prices are making Higher Highs, Indicators are making Lower Highs, signalling Caution for Long Positions. Maximum Open Interest (OI) can be seen on 9500 Call Strike & 9300 Put Strike, acting as Strong Resistance & Support till these positions are intact. Point & Figure had breakout at 9380 & it is Retesting the same level at present. Put-Call-Ratio (PCR) is 1.21 which is supporting the Bullish sentiment.
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