Nifty @ crucial area

9 May

The major support and OI writing was peak at 22000, which had broken by bears. More over on regression channel on day candle, nifty will take support or break below? Next major supports below for next expiry is 21500/21000 and resistance is 22300/22500..Fii are selling and secure the fund to reinvest one or two day before election result...VIX touched 52wk high of 19.17...Tommorrow slight recovery expected before the global event at evening.