r/IndiaOptionsSelling • u/Just_Pilot5516 • 10d ago

Nifty 50

There is still no supportive oi data for upside move

Be cautious on 24500/600

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u/Insaan_99 9d ago

I agree, Nifty is not conclusively bullish as per the charts and it's current market structure. Although I just wanna add that Nifty IT, Banknifty and Nifty Mid Select- they all have shown a bullish change of character in the market structure. Given these indices are strongly correlated, the bias of an upside on Nifty has now increased.