NIFTY BREACHED A CRUCIAL SUPPORT PLACED AROUND 5815 AND CLOSED AT 5755 AFTER TESTING 5747 LEVEL. HUGE OI BUILT UP TODAY AT 5700 PE OF 18 LAC TAKING THE TOTAL OI TO 54.6 LAC. TOTAL OI AT 5700 CE IS 7.55 LAC. TOTAL OI AT 5800 CE AND 5800 PE IS 29.12 LAC AND 47.7 LAC. OI AT 5900 CE IS 44 LAC AND AT 6000 CE IS 56.79 LAC. 5900 PE IS HAVING TOTAL OI OF 36.79 LAC WITH LIQUIDATION OF 4 LAC. VIX CLOSED IN RED AND JUST MANAGED TO CLOSE ABOVE 18 MARK. CONSIDERING THE DATA IT SEEMS THAT 5700 IS GOING TO ACT AS STRONG SUPPORT FOR NIFTY. NO LIQUIDATION WAS SEEN AT 5800 PE WHICH IS QUITE SURPRISING. THOUGH THE OVERALL TREND OF THE INDEX SEEMS TO BE DOWN, BASED ON THE DATA WE ARE OF THE OPINION THAT BEARS MAY TAKE PAUSE AND THE INDEX MAY CONSOLIDATE.
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