13th May, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily [Last Updated 11/05/2018] :- Index closed near to Weekly High above 10800 which indicates Strength in ongoing Uptrend. Next Resistance stop can be 10980-11000 meanwhile sustaining above 10800 is crucial with Support at 10630-50 levels. Max OI [Open Interest] at 10500 followed by 10600 & 10700 Put and 11000 followed by 10800 Call Strikes shall act as immediate Support & Resistance. Increasing PCR [Put Call Ratio] at 1.40 signals strong Uptrend intact.

02nd May, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily [Last Updated 27/04/2018] :- Index has been in a Uptrend for a while, crossing & sustaining above most of Major Resistance hurdles. Next Stop can be 10800/- and downside Support at 10630-50/- levels. Max OI [Open Interest] at 10500/- Put and 11000/- followed by 10800/- Call Strikes shall act as near term Support & Resistance for the Index. PCR [Put Call Ratio] at 1.2 still signals overall Bullish sentiment intact.