Market View for 9 April 2019

FII On sell Side

Bank Nifty Broke key Support Levels and of 10DMA and also levels of 28800 although it recovered later.

Fresh Short Positions were added.

Huge Open interes in Calls Were observed

Open Interest shiting was observed in Puts and Band shifting was observed.

VIX is Up

Nifty Longs were unwinded.

VIEW:

Restricted Upside with Negative Bias.

Huge selling pressure near 11700 levels Possible.

Nifty could test 11500.

 

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