FOR THE LAST TWO MONTHS MARKETS ARE MOVING LIKE ANYTHING. IN APRIL NIFTY KISSED 5477 LEVEL AND RECOVERED SHARPLY AND POSTED HIGH OF 6229 IN THE MONTH OF MAY. ON THE EXPIRY DAY IT GAVE A VERY POWERFUL CLOSE AT 6124 AND ON THE NEXT SESSION IT GAVE A VERY SHARP CORRECTION OF 138 POINTS. ON A DAILY CHART NIFTY JUST MANAGED TO HOLD 5974 LEVEL ON A CLOSING BASIS. ON A WEEKLY CHART IT FORMED A DOJI PATTERN. AS PER OPTION CHAIN 6000 PE IS HAVING HIGHEST OPEN INTEREST OF 55.16 LAC. 5900 PE IS HAVING OI OF 51.45 LAC WITH ADDITION OF MORE THAN 10 LAC. HIGHEST OI BUILT UP AT 6100 CE OF 11.68 LAC. 6200 CE IS HAVING HIGHEST OI OF 42.58 LAC. VIX CLOSED AT 16.99.
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