AS EXPECTED NIFTY MOVED 1.5% TODAY AND FORTUNATELY NORTHWARDS.. :) NIFTY FOUND A STRONG SUPPORT AROUND 5460 AND TODAY THE BOUNCE WAS CAPITALIZED. AS PER OPTION CHAIN HEAVY LIQUIDATION WITNESSED IN 5200,5300 AND 5400 PE STRIKES INDICATING PROFIT BOOKING BY THE BULLS. 5600 PE ADDED ALMOST 12 LAC IN OI TAKING TOTAL OI AT 52.26 LAC SUGGESTING 5600 EMERGING AS SUPPORT . TOTAL OI AT 5700 CE AND 5700 PE IS 46 LAC AND 45.69 LAC. SO WE ARE HAVING EQUAL OI AT 5700 STRIKE FOR WHICH WE MAY SEE FIGHT. 5800 CE IS HAVING OI OF 53.71 AND 5900 CE IS HAVING OI OF 61.55 LAC. 5800 PE IS HAVING TOTAL OI OF 30.59 LAC. SO 5800 REMAINS IMMEDIATE RESISTANCE. VIX WAS DOWN BY ALMOST 10% AND CLOSED BELOW 20 MARK. SO THE BIAS IS SLIGHTLY IN FAVOR OF BULLS NOW. RESISTANCE FOR NIFTY IS 5763. ON THE DOWN SIDE 5660-5630 WILL ACT AS SUPPORT.
No comments:
Post a Comment