At last Nifty broke consolidation zone and touched 18000 psychological mark and closed slightly below that., followed by steep fall in crudeoil and spike in banking &, I T stocks.
Looking forward, 18200 can be stop of this up move. This has to be confirmed by further rally tomorrow in the market. If it croses above 18000, it will be a closing on weekly base too... Nifty has left the gap between 17650- 691... That's to be watched. India vix also stable at 18.31. Maximum call open intrerst seen @ 18000 followed by 18500 strike lvl. Maximum put open interest at 17500-17000 strikes. Which shows the shifting of nifty's range from 17k to 18 k to 17400 to 18200.
Both indices formed bullish candle on daily chart. Bnf to hold 40000 & 39750 lvl for further up move.
Looking bullish scenario, this may not be impossible for both indices.
Let's celebrate Ganesh visarjan with bull run. 🎉