Nifty could trade with 8800 to 9200 range in the expiry week with bias towards down side ….
Last week every time it moved up it faced resistance at 9150 – 9200 rage .
Maximum call OI is in 9200 and 9100 , and put OI in 8800 8900 range .
On yester day OI increase seen in Call 9150 and 9250 and put is 8900 .
It could trade in the range of 9100 to 8900 and limted to 9250 and 8800 .
MACD is clearly bearish and RSI and Candle show neutral .
It is better to trade bearish if it fails to move beyond 9150 on Monday . More over the market rallied long without any meaningful corrections …..
Upside is limited to maximum 9250- 9200 level as of now . Also 8400 PUT seen around a million contract OI increase .