NIFTY DAILY TECHNICAL REVIEW - 4 June 2018

• Previous Day Candles : Having Similar highs, suggests some supply near @10760-10770. Levels.
• Candle Formed Today :  Long Bearish Engulfing - Covering Prior Four Sessions Candle.

• Nifty closed in negative down  by 67 points  closing @10628.50. 
• Fibonacci Ratios - .618- .786 [ 10730-10820 ]  where nifty faced resistance high made@10770.
• RSI stands @50.
• On seeing Today's Candle, if i expect short term top has been made, then major Fibonacci clusters stand near 10320 and 10065 levels.
• Near term resistance can be seen at 10700- 10730 zone.
• Near term support can be seen at 10630- 10600 zone.

Data Points:-

Call

1. Maximum Call Open Interest stands @ 11k.
2.  Followed by 10.7K
3. Maximum Addition in Call OI seen @ 10.7K

Today's data suggesting nifty could face quite good resistance @10700 levels, followed by 11000.

PUT

1. Maximum Put Open Interest stands @ 10.2K.
2. Followed by 10.6K
3. Maximum Addition in Call OI seen @ 10.2K
4. Followed by 10.3K and 10.6K

Today's data suggesting nifty could face quite good support @10600 levels, followed by 10200.

Combined Analysis

Below 10610 , nifty could move upto 10555 , 10440 , 10320, 10200

Above 10730,  nifty could move upto 10800, 10888 ,