nifty Sensex technical analysis 08 march 2010 onwards using moving averages and put call open interest

nifty Sensex technical analysis 08 march 2010 onwards using moving averages and put call open interest

Sensex CMP : 16994

Supports :

First Support : 16810

Buy any Dip near this support

Bull Bear Support: This is at 16610.Any Dip upto this level should be bought with stop loss of 16590.Above this level sensex is bullish.Buy good stocks and forget.This level is important for long term investors

Resistance : 17500-18000 area is now resistance zone.but there are no real resistance in real bull run.

Nifty CMP: 5088.7

Bull Market Important support at 4950.Above that level nifty is in Bull market.get long on every Dip.

Nifty Call Put options Data is Suggesting that 5100 is emerging as Resistance (OI 69 lakhs )
and 5000 is acting as support(OI 69 Lakhs).

So Buy any Dip near 5000 with Stop loss of 4950

Nifty technical Indicators Data :

Moving Averages

Pivot Points: