Nifty view

In continuation with last week analysis nifty not able to break above 38.2% retracement zone and again showing some weakness on chart combining this with option chain data on Call side highest OI is on 9500 level which acts as resistance if break and sustain above this level we can see 200-300 points upside move and on put side highest OI is on 9000 level break below this level we can expect 8800 8500 level in coming days.