NIFTY OPENED GAP DOWN ON WEAK GLOBAL CLUES BUT RECOVERED GRADUALLY AND FINALLY CLOSED AT 5921.4. NIFTY IS BREAKING 5900 LEVELS ON INTRADAY BASIS AND WITNESSING RECOVERY FROM THE LAST 2 SESSIONS. FOR THE LAST 3 SESSIONS IT IS CLOSING BELOW 5935 MARK INDICATING A CLEAR WEAKNESS. HOWEVER AS PER OPTION CHAIN 5900 PE IS STILL HAVING HIGHEST OI OF 69.5 LAC SO 5900 STILL REMAINS A VERY STRONG SUPPORT FOR NIFTY. VIX ROSE BY 3.4% AND CLOSED WELL ABOVE 17 MARK. TOMORROW BEING WEEKLY CLOSE MARKETS ARE EXPECTED TO BE HIGHLY VOLATILE.
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