********Technicals*****Nifty is in uptrend and is correcting downwards.
Correction seems to be over.
Fibo. Targets for correction were 4453(achieved), 4405(achieved),4357(achieved).
Resistance will be at 8 dma at 4447
Support will be at 34 dma at 4379.
***Nifty**** ~ August 19~
Nifty august future premium increased to 22 points. Open interest increased by 10 lacs today. ( new long---bullish)
***Options**** August 19~
Nifty call options add 19 lacs and put options add 3 lacs in open interest. Thus open interest put-call ratio decreased to 1.09.(bearish)
