1) NIFTY ended 10312.4 down 70 points or 0.68%
2) 02 JUL has highest call OI at 10500 and Put OI at 10000 mildly above 10100 indicating strong support at 10100 and 10000. Max pain at 10300 and PCR 0.92 suggesting bullish bias ( less than 1 means more calls are brought than puts).
3) 9800 is the resistance before this upmove will act as strong support. It also the long term monthly channel bottom of 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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