The index closed near its opening level and hence formed a Doji candle on the daily chart. Decline in VIX from its recent bounce of 25.69 suggests that the bulls are using any decline as a buying opportunity and overall trend could remain bullish, experts say.After a strong opening of 11,185.70, the Nifty50 touched an intraday high of 11,256.80 after the RBI policy announcement but erased some gains to close near its opening levels. The index settled at 11,200.20, up 98.50 points.”It is critical for the index to sustain above 11,127 levels in the next trading session to retain positive bias as the breach of said level can attract selling pressure on intraday basis, with a modest target present in the zone of 11,064 11,024 levels,” Mohammad said.However, as trading bias is in the favour of the bulls, if they manage to push wholesale jerseys from china and hold the index above 11,256, then the target can be the retest of recent swing high present https://www.51nfljersey.com around 11,341, he said.The options data indicates a shift in the immediate trading range of the Nifty to 11,000 11,400 levels for the coming few days from 10,800 11,300 in the previous session.Maximum Put open interest was at 11,000 followed by 10,000 strike, while maximum Call open interest was at 11,500 followed by 12,000 strike.
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