NIFTY WITNESSED GAP UP OPENING TODAY BUT COULD NOT SUSTAIN AT HIGHER LEVELS AND WITNESSED PROFIT BOOKING. THE TREND STILL REMAINS BULLISH AND MARKETS MAY CONSOLIDATE IN COMING SESSIONS WITH STOCK SPECIFIC MOVES. NOW TODAY PROFIT BOOKING SEEN AT 5800 PE WHICH LIQUIDATED 13.85 LAC. HUGE OI BUILT UP AT 6200 PE OF 10.28 LAC SUGGESTING BULLS USED EVERY DECLINE TO MAKE BASE STRONGER AND STRONGER. TOTAL OI AT 6000 CE IS 85.88 LAC WITH ADDITION OF 6.72 LAC WHILE 6000 PE IS HAVING OI OF 29.13 LAC WITH LIQUIDATION OF 5 LAC. TOTAL OI AT 6100 SPOT IS ALMOST EQUAL. SO IT IS EVIDENT FROM THE OPTION CHAIN THAT TODAY'S FALL IS PURELY ATTRIBUTED TO PROFIT BOOKING.
NIFTY STRONG SUPPORT AT 6114
RESISTANCE 6170-6195
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