Reliance, OI Resistance breakout

Bears were holding onto 1300 Call for about a month. Today they gave up. In the second half of the session, bears unwound their grip on 1300 Call and shifted their focus towards 1340 Call strike -- highest OI-- for the August series. Now we shall keep two eyes on 1340 level for next two sessions. For the September series, we shall get clarity regarding OI position on Friday.
Beyond Technical Analysis

Penafian