NIFTY CLOSED AROUND VERY CRUCIAL SUPPORT ZONE OF 5525 AND FORMED A DOJI ON A WEEKLY CHART. NOW WE HAVE HIGHEST OI AT 5400 AND 5500 PE OF 65.6 LAC AND 66 LAC RESPECTIVELY.OI AT 5600 PE IS 54 LAC WITH LIQUIDATION OF 8.72 LAC. ON THE OTHER SIDE WE HAVE HIGHEST OI AT 5700 CE OF 80.31 LAC WITH THE ADDITION OF 5.86 LAC. 5600 CE IS HAVING OI OF 70 LAC WITH HUGE ADDITION OF 12 LAC IN OI. VIX CLOSED AT 16.45 DOWN BY 3%. SO THE IMMEDIATE RANGE OF NIFTY SEEMS TO BE 5400-5600. PROFIT BOOKING ACROSS THE PUT WITH VIX FALLING AND NIFTY FORMING DOJI ON A WEEKLY CHART THERE IS A HOPE FOR TECHNICAL BOUNCE UP TO 5600.
SUPPORT 5480-5450
RESISTANCE 5477-5615
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