NIFTY DARLING MOVED VERY SHARPLY FROM 5450 AREA AND KISSED 6000 MARK. ON A DAILY CHART IT SEEMS TO BE SLIGHTLY IN A OVERBOUGHT ZONE. HOWEVER IT HAS NOW A VERY STRONG SUPPORT AT 5850 ABOVE WHICH WE EXPECT THE INDEX TO TRADE WITH THE POSITIVE BIAS ONLY. NOW 5900 CE AND 5900 PE IS HAVING OI OF 51 LAC AND 53 RESPECTIVELY WITH LIQUIDATION OF 0.61 LAC AT 5900 CE AND ADDITION OF 4.12 LAC AT 5900 PE. 6000 CE IS HAVING OI OF 55 LAC WHEREAS 6000 PE IS HAVING OI OF 26 LAC WITH ADDITION OF 2.66 IN OI. TOTAL OI AT 6100 CE IS 53.3 LAC. 5800 PE IS HAVING OI OF 76 LAC WHEREAS 5700 PE HAS OI OF 72 LAC. VIX ROSE ALMOST 2% AND CLOSED BELOW 16 MARK. SO AS MENTIONED EARLIER TOO NIFTY IS EXPECTED TO TRADE WITH POSITIVE BIAS. THE INDEX MAY CONSOLIDATE BETWEEN 5850-6000. STOCK SPECIFIC MOVES ARE EXPECTED AND SELECTION OF THE RIGHT STOCK WILL MAKE THE WHOLE DIFFERENCE.
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