NIFTY FORMED A PIN BAR PATTERN ON A DAILY CHART TODAY. IT KISSED THE RESISTANCE ZONE OF 5855 AND MANAGED TO CLOSE ABOVE 5850. 5700 PE IS HAVING HIGHEST OI OF 82.74 LAC. TOTAL OI AT 5800 CE AND 5800 PE IS 52..55 LAC AND 71.59 LAC RESPECTIVELY. TOTAL OI AT 5900 CE IS 64.44 LAC. 6000 CE IS HAVING HIGHEST OI OF 80.59 LAC. VIX CLOSED AT 18.18 MARK DOWN BY ALMOST 1%. SO 5700 HAS EMERGED AS A VERY STRONG SUPPORT AND 5900 MARK REMAINS THE NEXT RESISTANCE.
BUY ABOVE 5860 SL 5820 TGT 5900-5920
SELL BELOW 5820 SL 5860 TGT 5790-5770
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