NIFTY IS NOW FINDING SUPPORT AROUND 5535. HOWEVER IT IS NOT ABLE TO SUSTAIN AT HIGHER LEVELS. NOW 5500 PE HAS HIGHEST OI BUILT UP AT 58.5 LACS WITH ADDITION OF 4.8 LACS. LIQUIDATION IN PE WAS WITNESSED ACROSS THE STRIKE PRICE OF 5600 TO 6200 PE. 5600 PE IS HAVING OI OF 57 LACS AND 5600 CE IS HAVING OI OF 56 LACS. HIGHEST OI IS BUILT UP AT 5700 AND 5800 CE OF 87 LACS AND 85 LACS RESPECTIVELY. SO OPTION CHAIN SUGGEST BEARS HAVE STARTED BOOKING PROFITS AND THERE WILL BE TOUGH FIGHT FOR THE 5600 MARK. NIFTY STILL SEEMS TO BE DIRECTION LESS AND WE RETREAT THAT MARKETS ARE NOW GOING TO BE HIGHLY STOCK SPECIFIC.
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