NIFTY TODAY WITNESSED GAP UP OPENING AND TRADED WITH POSITIVE BIAS. NOW THIS GAP IS GOING TO ACT AS STRONG SUPPORT IN NEAR FUTURE. NOW 6000 PE ADDED 22.68 LAC IN OI TAKING THE TOTAL OI AT 48.73 LAC. TOTAL OI AT 6000 CE IS 50.5 LAC.OI AT 5800 PE AND 5900 PE IS 88.78 LAC AND 65.64 LAC RESPECTIVELY. TOTAL OI AT 6100 CE AND 6200 CE IS 51.75 LAC AND 57.42 LAC RESPECTIVELY. 6200 CE ADDED 18.73 LAC IN OI. VIX ROSE 4.2% AND CLOSED AT 16.5. SO 5800 HAS NOW EMERGED AS A VERY STRONG SUPPORT AND 5900 MARK TOO IS WELL IN CONTROL OF BULLS. HOWEVER 6000 STILL REMAINS VULNERABLE FOR THE BULLS IN THE LIGHT OF OI DATA AND RISEN VIX. MARKETS ARE IN A UPTREND BUT WE REQUEST THE TRADERS TO WORK WITH VERY STRICT SLs TO AVOID ANY UNMANAGEABLE LOSS. BE VERY STOCK SPECIFIC WHILE TRADING.
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