Nifty 12-2-21

Nifty Spot

Charts
Nifty seems to have respected the support at 15050 and if so, correction might justbe over now.
Daily charts have an uptrend with a new support at 14950 levels followed by 14800 levels thought I can't find a good reason to say that Nifty might test these levels.

Data
15200 is a very critical level with an Open Interest of 1,453,500 in ce
15400 is the next resistance level with an Open Interest of 811,275 in ce followed by an Open Interest of 943,275 in 15600 ce.
15100 maintains as a strong intraday support with an Open Interest of 1,345,800 pe
15000 should be the next and a very strong support with an Open Interest of 1,338,375 pe

So Nifty might just hang around at 15100 to 15300 levels for a while before it attempts to break 15400.

Gist:
We are seeing an uptrend so the strategy remains buy on dips.