1) NIFTY ended 10302.4 down 10 points or 0.1%
NIFTY is trading in a small range of 100 points after a long time. Treat for option sellers.
PM speech not eventful for market.
2) 02 JUL has highest call OI at 10400, 10500 and Put OI at 10000. Max pain at 10300 and PCR 0.77 suggesting bullish bias ( less than 1 means more calls are brought than puts).
Change in OI indicates movement towards 10000 breaking 10100.
3) 9800 acted as the resistance before this upmove will now act as a strong support. It also the long term monthly channel bottom if we consider MAR lows as false breakout. Will post chart later.
4) On the upside 10800 is earlier last year channel support which may act as a resistance now. 10600 is 61.8% Fibonacci retracement for the rise from Mar 20 low.
5) Swing Low still at 9544 and Swing High at 10312/10544
6) Rising pattern still intact with resistance at 10500 and support at 10800.
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