HLL looks for short not only based on pattern but also decrease on volume on weekly basis.
will be good if short position created in range of 2320 to 2340
Stop loss 2420
Target :2020
Observations:
1.Decrease in price for May future contract with increase in OI
2. Decrease in 1Week volume
3.April Call OI is :1,569,300 and PUT IO :950,100
4. In May Contract Call OI :249,600 and PUT OI:67,500