FROM THE LAST TWO POSTS WE ASKED NOT TO SHORT NIFTY AND IT MOVED AS PER THE EXPECTATIONS. NIFTY TODAY MANAGED TO CLOSE ABOVE ITS DOWNTREND RESISTANCE LINE. HUGE OI BUILT UP TODAY AT 5800 PE OF ALMOST 25 LAC SUGGESTING BULLS ARE TRYING VERY HARD TO RAISE THE SUPPORT LEVELS. STILL 5600 PE IS HAVING OI OF MORE THAN 100 LAC WITH LIQUIDATION OF 6.13 LAC SUGGESTING PROFIT BOOKING AT HIGHER LEVELS. 5900 CE ADDED 10.28 LAC IN OI TAKING TOTAL OI AT 81.57 LAC AT 5900 CE .VIX ROSE 5.6% AND CLOSED AT 16.22. SO NIFTY SEEMS TO BE IN A UPTREND, HOWEVER THIS BEING THE EXPIRY WEEK MARKETS MAY WITNESS HUGE VOLATILITY . WE SUGGEST TO KEEP BOOKING PROFITS AT HIGHER LEVELS BY TRAILING SL. STILL NO SHORT IS ADVISABLE IN THE MARKETS.
RESISTANCE AT 5873
SUPPORT 5815
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