NIFTY WITNESSED GAP UP OPENING TODAY AND TRADED WITH POSITIVE BIAS THROUGH OUT THE DAY AND FORMED A STRONG BULLISH CANDLE ON A DAILY CHART. HUGE LIQUIDATION SEEN TODAY AT 6000 CE OF 21.65 LAC. 6000 PE IS HAVING OI OF 73.32 LAC WITH ADDITION OF 13.5 LAC. TOTAL OI AT 6100 CE AND 6100 PE IS 61.3 LAC AND 47.63 LAC. TOTAL OI AT 6200 CE IS 68.7 LAC WITH LIQUIDATION OF 4.17 LAC. TOTAL OI AT 6200 PE IS 28.12 LAC WITH HUGE ADDITION OF 19.82 LAC. STILL 5800 PE IS HAVING HIGHEST OI OF 87.78 LAC. 5700 PE WITNESSED LIQUIDATION OF 13.46 LAC. VIX ROSE BY MORE THAN 5.5% AND CLOSED ABOVE 18. SO BEARS ARE STILL CHALLENGING THE 6100 LEVEL WHILE BULLS ARE TRYING HARD TO CAPTURE 6200 LEVEL.
VIX IS RISING WITH THE RISE IN MARKETS A PHENOMENON GENERALLY SEEN WHEN MARKETS ARE ABOUT TO CHALLENGE PRIOR TOP.
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