IN PREVIOUS POST WE UPDATED THAT NIFTY IS GOING TO TRADE WITH NEGATIVE BIAS AND AS EXPECTED IT OPENED GAP DOWN TODAY AND FAILED TO FILL THE GAP. AGAIN 5815 ACTED AT STRONG SUPPORT.. :)
NOW OPTION CHAIN SUGGEST STILL 5700 IS HAVING HIGHEST OI OF 1 CR WITH LIQUIDATION OF 88 THOUSAND. OI AT 5800 PE IS 88 LAKHS. 5900 PE WITNESSED THE LIQUIDATION OF 5.9 LAKHS AND TOTAL OI STANDS AT 48.7 LAKHS. 6000 PE IS HAVING OI OF 24 LAKHS WITH LIQUIDATION OF 4.57 LAKHS.
ON THE OTHER SIDE WE HAVE HIGHEST OI BUILT UP AT 6000 CE OF 85.88 LAKHS WITH ADDITION OF 9 LAKHS IN OI. OI AT 6100 CE AND 6200 CE IS 66.17 LAKHS AND 43.8 LAKHS RESPECTIVELY. OI AT 5900 CE IS 63 LAKHS WITH ADDITION OF 4 LAKHS AND OI AT 5800 CE IS 37.17 LAKHS.
SO STILL 5700 SEEMS TO BE A WALL OF SUPPORT ON DOWNSIDE WHEREAS 6000 IS THE STIFF RESISTANCE.
NIFTY VIEW IS NEGATIVE AND BELOW 5815 WE SUGGEST NOT TO REMAIN LONG.
SUPPORT 5815-5792-5730
RESISTANCE 5872-5885-5914 -5953
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