NIFTY AFTER A CONTINUOUS DECLINE TOOK PAUSE TODAY. IT LOST 5900 LEVEL DURING INTRADAY BUT SHOWED RECOVERY FROM 5883 LEVELS. STILL 5900 PE IS HAVING HIGHEST OPEN INTEREST OF 64 LAC SO 5900 IS ACTING AS STRONG SUPPORT FOR NIFTY. VIX FELL BY ALMOST 3% AND CLOSED BELOW 17 MARK. MARKET BREADTH TOO SLIGHTLY CLOSED ON ADVANCING SIDE. OPEN INTEREST AT 6000 CE AND 6000 PE IS 44 LAC AND 36 LAC RESPECTIVELY WITH HIGHEST OI AT 6200 MARK. CONSIDERING ALL THESE FACTORS IT SEEMS THAT MARKETS MAY CONSOLIDATE IN A RANGE OF 5900-6000 THOUGH THE OVERALL BIAS IN ON NEGATIVE SIDE. STOCK SPECIFIC MOVES WILL BE SEEN IN MARKETS
SUPPORT AND RESISTANCE LEVELS REMAIN THE SAME
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