There is a trendline breakout in Escorts in 5 minute timeframe. It broker the trendline near 677 and closed it above 692.
As per our live trading session we saw massive selling positions being added near 10750 in December Contract which we have marked as a supply zone.
We also observed few long positions yesterday and bought nifty near 10600 which is marked here as a demand zone.
If that’s not broken the first step on upside would be 10721 followed by 10745.
If nifty is able to break 10750 then we shall see 150 points more on upside.
If we talk about Banknifty Options November Expiry we have seen long build up in 26300 CE at 130 on 26th November, 2018 which is a crucial level as of now. Current Trading Price for 26300 CE is 154 which is yet above the pivot with the high of 230 today.
Target for Nifty November contract could be 10858