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FO Manual | Nifty hints at sideways-to-positive momentum, critical support at 19,250

The options data suggests a sideways to positive momentum. Put options written were almost twice the open interest level of call options at the 19300 strike. Analysts believe that a decisive breach below the 19250-19270 zone would weaken the overall bias and could trigger a further slide, with the next major support zone visible near 18800-18900 levels and 19000 serving as the psychological landmark in-between. Support for the day is observed at 19200 levels, while resistance is identified at 19450 levels.

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​ The options data suggests a sideways to positive momentum. Put options written were almost twice the open interest level of call options at the 19300 strike. Analysts believe that a decisive breach below the 19250-19270 zone would weaken the overall bias and could trigger a further slide, with the next major support zone visible near 18800-18900 levels and 19000 serving as the psychological landmark in-between. Support for the day is observed at 19200 levels, while resistance is identified at 19450 levels. The options data suggests a sideways to positive momentum. Put options written were almost twice the open interest level of call options at the 19300 strike. Analysts believe that a decisive breach below the 19250-19270 zone would weaken the overall bias and could trigger a further slide, with the next major support zone visible near 18800-18900 levels and 19000 serving as the psychological landmark in-between. Support for the day is observed at 19200 levels, while resistance is identified at 19450 levels.  Moneycontrol Latest News Read More  

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