BN saw a gap down of 300 points. But it recovered very slowly and closed 100 points down the previous day’s close. Border tension caused heavy short covering at 27000, 27100 and 27200. Still 26500 remains a strong support. Call writers at 27600 and 27500 seem to have moved to 27100 to capitalize on the market movement. 27100 is the next immediate resitance, followed by 27000. Max pain has moved from 27100 to 27000.
Range – 26500 to 27500
Max Pain – 27000
PCR – 1.07
What a day it was. A popular quota on the social media – “Portfolio down, but Pride up!”
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