NIFTY TODAY OPENED GAP UP BUT AGAIN FAILED TO SUSTAIN AT HIGHER LEVELS AND WITNESSED SELLING PRESSURE DURING LAST HOUR. AS PER THE OPTION CHAIN 6000 STILL REMAINS A STRONG SUPPORT WHILE 6200 IS THE STIFF RESISTANCE ON THE UPPER SIDE. OPEN INTEREST AT 6100 CE AND PE IS ALMOST EQUAL. VIX ABOVE 17 AND NOW TRYING BREAK 18 MARK. SO MARKETS ARE EXPECTED TO MOVE IN A RANGE OF 6050-6150 WITH VOLATILE MOVES AS PER THE OPTION CHAIN DATA.
NIFTY DAILY CHART SHOWS POSITIVE DIVERGENCE OF RSI WHICH IS A BULLISH SIGN.
SUPPORT AT 6070-6044
RESISTANCE 6114-6148
DON' T REMAIN SHORT ABOVE 6172
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