The 11,300 and 11,385 levels will act as immediate resistance for Nifty on Friday.
Options data suggested that maximum Call open interest shifted from 11,300 to 11,200 strike.
The RSI on the daily chart stood at 33.43 and marked a fresh 14-day low, which is bearish.
With the expiry coming up this week, rollovers are going to influence the coming sessions.
The market is precariously poised once again for the week ahead.
Friday’s session is expected to see 11,700 and 11,735 levels act as resistance points.
The negative crossover of 20 and 50 DMAs indicates the short-term loss of momentum.
Nifty is likely to see 11,610 and 11,650 levels act as stiff resistance points on Tuesday.
Traders should continue to stay light on positions and approach the market with caution.
The Relative Strength Index (RSI) on the weekly chart stood at 52.5485.
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