NIFTY TODAY RECOVERED SHARPLY AND GAVE A FIRM CLOSE NEAR 6100 MARK. THOUGH THE VOLUMES WERE QUITE LOWER TODAY THE MOVE WAS BACKED BY RALLY ACROSS THE SECTORS. AS PER THE OPTION CHAIN HUGE WRITING SEEN AT 6000 AND 6100 PE WHEREAS HEAVY SHORT COVERING SEEN AT 6000 CE. 6000 PE IS NOW HAVING HIGHEST OPEN INTEREST SO 6000 IS NOW GOING TO ACT AS STRONG SUPPORT AREA. ON THE OTHER HAND 6100 CE IS HAVING HIGHEST OPEN INTEREST SO IT IS NOW GOING TO ACT AS STIFF RESISTANCE. VIX WAS DOWN BY 3% AND CLOSED ABOVE 17.
IMMEDIATE RANGE AS PER THE DATA 6000-6100.
SUPPORT AT 6072-6044
RESISTANCE 6114-6168
ABOVE 6114 DON'T REMAIN SHORT........
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