AS MENTIONED IN OUR EARLIER POST NIFTY FOUND SUPPORT AT 5700 LEVEL, IT FILLED THE GAP AROUND 5680 AND WITNESSED A BOUNCE BACK. 5700 PE IS HAVING HIGHEST OI OF 59 LAC SUGGESTING THAT IMMEDIATE SUPPORT PLACED 5700 MARK. 5800 CE AND 5800 PE IS HAVING OI OF 31.5 LAC AND 37.65 LAC. TOTAL OI AT 5900 CE IS 36.82 LAC. NIFTY FORMED A DOJI AFTER CONTINUOUS HAMMERING. VIX CLOSED UP BY 3.6% AT 18.77. SO IN SESSIONS AHEAD TOUGH FIGHT FOR 5800 MARK IS EXPECTED BETWEEN BULLS AND BEARS. NOW ALL EYES ON THE FOLLOW UP MOVES AFTER THE DOJI AFTER WHICH A CLEAR VIEW ON THE INDEX CAN BE FORMED.
RESISTANCE 5760-5795-5815
SUPPORT 5710-5680
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