NIFTY TODAY WITNESSED GAP
DOWN OPENING AND REMAINED WEAK THROUGH OUT THE SESSION AND CLOSED BELOW
IMMEDIATE SUPPORT AT 5860. IT FAILED TO GIVE CLOSE ABOVE 50 EMA DURING RECENT
PAST AND TODAY CLOSED AROUND ITS 20 EMA
NOW WHAT TO
EXPECT???
WE HAVE HIGHEST OI BUILT
UP AT 5700 PE OF 1.3 CR WITH ADDITION OF 10 LAKHS. 5800 PE IS HAVING OI OF 97
LAKHS WITH ADDITION OF 9 LACS. 5900 PE WITNESSED LIQUIDATION OF 6 LACS TAKING
TOTAL OI TO 66 LAKHS. ON THE OTHER HAND 5900 CE ADDED 9LACS IN OI AND TOTAL OI
IS AT 63 LAKHS. 6000 CE IS HAVING HIGHEST OI OF 74 LACS AND OI AT 6100 CE AND
6200 CE IS 60 LAKHS AND 42 LAKHS. AGAIN TODAY VIX ROSE 7% AND CLOSED AT 16.2
DURING LAST 4 SESSIONG VIX HAS RISED 22%.
SO THE BEARS ARE NOW
HAVING UPPER HAND AND BULLS HAVE GUARDED 5700 FIRMLY. IMMEDIATE SUPPORT FOR
NIFTY AT 5815-5792 ...... RESISTANCE AT 5860-5880-5914
TREND IS BEARISH UNTIL
NIFTY CLOSES ABOVE 5914.
MORE DETAILS,NEWS AND
INTRADAY LEVELS
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