- trend up on daily charts but down on weekly charts
- past 4 days we are seeing rangebound trading
- strong resistance at 8500 levels
- option writing points to support at 7900 (highest OI) and resistance at 8500 (low OI)
- this means option writers are bearish and see limited upsides.
- past 4 days we are seeing rangebound trading
- strong resistance at 8500 levels
- option writing points to support at 7900 (highest OI) and resistance at 8500 (low OI)
- this means option writers are bearish and see limited upsides.
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