NIFTY AFTER A RECENT RALLY TOOK A PAUSE TODAY AND FORMED DOJI ON A DAILY CHART. TODAY LIQUIDATION WITNESSED IN 5700-5800 CE WHICH IMPLIES PROFIT BOOKING. HIGHET OPEN INTEREST BUILT IS AT 5700 AND 5800 PE OF 1 CR EACH. SO BULLS HAVE FIRMLY CAPTURED THESE 2 LEVELS. 6000 AND 6100 CE IS HAVING HIGHEST OPEN INTEREST BUILT UP OF 60 LACS EACH. SO THE BEARS ARE FIGHTING HARD FOR 6000 LEVELS. IMMEDIATE SUPPORT FOR NIFTY SEEMS TO BE AT 5930 AND 5880 ..... RESISTANCE NOW PLACED 5953-5975. TODAY VIX ROSE 6% MAINLY DUE TO MAJOR EVENT COMING ON 19TH. IMMEDIATE RANGE OF NIFTY SEEMS TO BE 5900-6000. FOR ANY SUSTAINED RALLY 5990 MUST BE CROSSED ON A CLOSING BASIS. WE EXPECT MKTS TO BE HIGHLY VOLATILE ....... NOW ONE MUST BE VERY CAUTIOUS IN SELECTING STOCK.....
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