AS EXPECTED NIFTY BOUNCED BACK TODAY. IT TOOK SUPPORT AROUND 5480 ZONE AND FOUND RESISTANCE AT 5577. TODAY 5400 PE ADDED ALMOST 17 LAC IN OI. 5500 PE TOO ADDED 8.87 LAC IN OI TAKING THE TOTAL OI AT 64 LAC. 5600 PE WITNESSED THE LIQUIDATION OF 1 LAC AND 5700 PE WITNESSED LIQUIDATION OF 2.89 LAC. TOTAL OI AT 5600 PE AND 5600 CE IS 57.75 LAC AND 60 LAC RESPECTIVELY. TOTAL OI AT 5700 CE IS 85.55 LAC. SO 5700 REMAINS THE KEY RESISTANCE FOR THE NIFTY. BULLS TODAY TRIED TO FIRM THEIR GRIP ON 5500 MARK AND NOW WE MAY WITNESS TOUGH FIGHT FOR 5600 MARK. VIX CLOSED DOWN BY 2% AT 16.49. POOR OI AT 5700 PE AND 5800 PE SUGGEST THAT NIFTY MIGHT MOVE UP FURTHER AND THE GAP AROUND 5644 MIGHT GET FILLED IN THIS WEEK ONLY.
SUPPORT 5537-5495
RESISTANCE 5580-5615
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