DM'S STOCK BLOG

1. As said ystday rally was due and a huge downfall v so breached previous month low of 14268 Ns

2. As said ystday closing below 14488 will open the doors for 14147,13779 and it closed below it.

3. Hourly chart shows +ve div so if sustained above 14378 can lead to 14446 I m not bullish until it closes above 14620

4. Also note 1 point if wkly closes below 14514 a very bad sign

5. Rsi below 50 on daily chart shows weakness

6. As said ystday Bns below 31616 v will see 30442 and almost low of 30520 below 30442 28741 closing basis

7. Bns breached monthly low of 30906 of feb month again bad sign

8. On wkly one swing support of 29687 seems

9. As like in Ns , Bns also hourly chart +ve div if sustained above 30950 can show 31190,31544 releif rally I m not bullish until it closes above 32234

10. All put writers trapped in both

11. Vix runs like a marathon runner

12. 14300 holds coz of put writers they r already trapped and close above comfortable level of 97 but as vix was high v cant consider it. More OI is in 14k puts for the support zone

13. Huge call writing seen from 14400 to 15000

14. Bns 29400/29500 puts have good OI can consider support for this week and in calls 31k is the barrier as much OI there. 29500 put writer can be weak below 90 price

15. 31k call writers can be trapped above 425.

Conclusion
Bearish view unless 14620 and 32234 eliminated and close above it...

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I shared my personal views Rest Price is God.

Plz do ur due diligence for analysis