NIFTY WEEKLY VEIW

NIFTY

ACCORDING TO TECHNICAL CHARTS :-
#AS PER DMA OF DAILY WEEKLY & MONTHLY CHARTS THE SUPPORTS & RESISTANCE:

                      SUPPORTS                                                               RESISTANCE
          7800///7755///7698///7660                                                  7884///7924///7994

#CLOSING ON FRIDAY(13th MAY) @7814 SO...AFTER ANALYSING ALL THE TECHNICAL CHARTS OF NIFTY. 

#PCR:- AS PER LAST WEEK NIFTY STARTS ITS JOURNEY FROM 7755 TO 7916 IT MOVE THE PCR TO 1.04(approx.) BUT ON FRIDAY IT MOVES TO 8.20.

#WRITERS WHO MAKE THE POSITIONS IN PUT OF A STRIKE PRICE 7900,7800,7700 THEY COVERED THERE SHORTS ON FRIDAY AS PER DATA 
                      IN 7900        -9,55,050(change in open intrest)
                      IN 7800        -3,99,675(change in open intrest)
                      IN 7700        -6,31,275(change in open intrest) 

#ALSO ACCORDING TO DATA WRITERS MAKE THERE POSITIONS IN CALLS    
                     IN 7800          +8,59,875  (change in open intrest)
                     IN 7900          +5,42,775  (change in open intrest)
                    IN 8000           +19,74,000 (change in open intrest)

#MY VEIW: AFTER ANALYSING TECHNICAL CHARTS & DATA NIFTY MOVE IN THE RANGE 7700-8000 VERY IMPORTANT SUPPORT @7790 CLOSING BELOW THIS IS MOVE TOWARDS 7695. 

#CALL:::::: BUY NIFTY IN THE RANGE OF 7800-7700 WITH A STOP LOSS OF CLOSING BELOW 7690 FOR THE TARGET OF ABOVE 8000(till expiry)