📈 Market Update 🚀
Market remains robust, with a propensity to absorb dips. Caution advised against shorting for extensive targets or prolonged holding of shorts. Stay agile and capitalize on potential buying opportunities. 📉📈
✅NIFTY finds strong support at 20850-20900; Weekly candle signals Bullish Marubozu. BANKNIFTY achieves historic daily and weekly closes with Bullish Marubozu.
🔍 Open Interest:
- Support evident below 20900.
- 21000 marks highest OI (resistance).
- Breakthrough could lead to minimal resistance.
📉 PCR (Put/Call Ratio):
- PCR at 1.0, indicating a bullish sentiment.
💼 FII Activity:
- Options: 40k calls bought, 85k puts bought (Net negative).
- Futures: FII invests 350 Crores (Mildly bullish).
- Stocks: FII buys 3600 Cr worth (Bullish).
Stay tuned for dynamic market movements! 🚀