MARKETS ARE IN FIRM GRIP OF THE BEARS AND EVERY BOUNCE IN THE NIFTY IS PROVING SHORT LIVED. TOMORROW BEING WEEKLY CLOSE WITH VIX ABOVE 19 MARK MARKETS MAY MOVE ERRATICALLY. 5772 IS THE WEEKLY SUPPORT LEVEL FOR THE NIFTY FOR WHICH BULLS MAY FIGHT TOMORROW. AS PER OPTION CHAIN 5700 PE IS HAVING OI OF 71.28 LAC WHEREAS OI AT 5700 CE IS 35.65 LAC WITH ADDITION OF HUGE 20 LAC IN OI. TOTAL OI AT 5800 CE AND 5800 PE IS 56.5 LAC AND 52.4 LAC. OI AT 5900 CE IS 65.63 LAC. SO 5700 IS THE STRONG SUPPORT FOR THE BULLS. CONSIDERING ALMOST EQUAL OI AT 5800 MARK TOUGH FIGHT WILL BE SEEN FOR 5772 LEVELS AS MENTIONED EARLIER.
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