The Nifty index today has seen massive short covering in the 18600, 18650 and 18700 call options and equally large build up in the 18600 and 18700 puts of both the weekly and monthly expiry. “Participants are taking comfort from recovery in the US markets and prevailing buoyancy in midcap & smallcap space however the key is to hold 18,700 in Nifty for further surge else the move would fizzle out again. We recommend maintaining a positive tone but avoid going overboard citing the possibility of a rise in volatility ahead,” said Ajit Mishra, SVP - Technical Research, Religare Broking. (Bars reflect change in OI during the day. Red bars show call option OI and green bars show put option OI.) Ajj market ka support 18560 aur resistance 18703 tha subah se support uper ke taraf weak tha. uske bad wo shift ho gya tha 18700 ke strick price pr uske bad support badal kr 18660 ho gya tha. lekin market ne ek v lower position banaya hi nhi. wo pura din apne resistance side pr hi tarde krta...