NIFTY IS FINDING SUPPORT AROUND 5770 LEVELS AND WITNESSING BOUNCE BACK. TODAY IT KISSED 5777 LEVEL AND MOVED UP. AS PER OPTION CHAIN HUGE OPTION WAS BUILT UP AT 5600 PE AND 5700 PE OF 12.68 LAC AND 13 LAC. TOTAL OI AT 5700 PE IS 87.33 LAC. TOTAL OI AT 5800 PE IS 75.18 LAC AND 5800 CE IS 56.94. TOTAL OI AT 5900 CE IS 75.92 LAC. SO 5700 IS THE WALL OF SUPPORT FOR NIFTY WHEREAS 5900 REMAINS THE IMMEDIATE RESISTANCE. LOOKING AT THE CHART AND OPTION DATA WE EXPECT THAT CHANCES OF NIFTY KISSING 5900 LEVEL ARE VERY HIGH. HOWEVER THE ONLY CONCERN IS VIX WHICH HAS RISEN TODAY AND CLOSED AT 18.46 LEVEL.
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