AS EXPECTED NIFTY FILLED THE GAP AT 5644, ALMOST KISSED 5700 MARK AND FINALLY MANAGED TO CLOSE AT 5689. HUGE OI BUILT AT 5600 AND 5700 PE OF 30 LAC AND 25 LAC RESPECTIVELY TAKING THE TOTAL OI AT 5600 PE TO 89.5 LAC AND AT 5700 PE TO 48.5 LAC. 5500 PE IS HAVING HIGHEST OI OF 89.8 LAC. ON THE OTHER SIDE 5700 CE IS STILL HAVING HIGHEST OI OF 84.2 LAC. HUGE LIQUIDATION WAS WITNESSED AT 5500 CE OF 15.6 LAC. TOTAL OI AT 5800 CE AND 5900 CE IS 71.7 LAC AND 72.2 LAC. VIX WAS DOWN BY 2.2% BUT STILL ABOVE 16.
SO NOW NIFTY SEEMS TO BE MODERATELY BULLISH AS WE EXPECTED 5682 AS MAJOR RESISTANCE BUT IT HAS NOW BEEN BREACHED ON CLOSING BASIS. OPTION CHAIN CLEARLY INDICATES THAT BULLS HAVE NOW FIRM GRIP ON 5500 AND 5600 MARK.
SUPPORT 5644-5615
RESISTANCE 5745-5780
No comments:
Post a Comment