NIFTY IS NOW FINDING SUPPORT AROUND 5470 ZONE. AS PER OPTION CHAIN 5400 PE IS HAVING HIGHEST OI OF 68.21 LAC. OI AT 5500 CE AND 5500 PE IS 23.35 LAC AND 50.54 LAC. 5600 CE IS HAVING OI OF 45.62 LAC AND 5600 PE IS HAVING OI OF 34.75 LAC. 5700 CE IS HAVING OI OF 49.48 LAC WITH HUGE ADDITION OF 10.39 LAC IN OI. VIX CLOSED DOWN BY ALMOST 4% AT 21.19. SO ON THE DOWNSIDE 5500 IS THE IMMEDIATE SUPPORT WHEREAS 5700 REMAINS A TOUGH RESISTANCE. AS PER THE DATA IT SEEMS MARKETS MAY CONSOLIDATE IN A RANGE OF 5500-5650. ON THE UPPER SIDE 5630 MAY ACT AS IMMEDIATE STRONG RESISTANCE.
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