NIFTY TODAY BREACHED CRUCIAL SUPPORT AROUND 5535 AND CLOSED BELOW 5500 MARK. INTERESTINGLY 5600 PE IS STILL HAVING HIGHER OI THAN 5500 PE AND WHAT IS REALLY SURPRISING IS THAT 5600 PE ADDED 3.67 LAC IN OI. 5500 CE ADDED 15 LAC IN OI TAKING THE TOTAL OI AT 33 LAC. 5700 CE IS HAVING HIGHEST OI BUILT OF 85 LAC. VIX TOO KISSED 17 MARK A CRUCIAL RESISTANCE. SO WE THINK TODAY'S DOWN FALL MAY BE ATTRIBUTED MORE TO A PANIC THAT THE MARKETS CREATED TODAY. THE OPTION TABLE GIVES A SENSE THAT THE TRADERS ARE STILL BETTING THAT THE GAP AROUND 5644 MIGHT GET FILLED IN VERY NEAR FUTURE. WE EXPECT A BOUNCE BACK FROM HERE.
SUPPORT 5480-5444
RESISTANCE 5537-5570
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