NIFTY TODAY OPENED ON A FIRM NOTE ABOVE 5700 MARK BUT FAILED TO SUSTAIN AT HIGHER LEVELS AND FINALLY MANAGED TO CLOSE AT 5688. NOW THE OI AT 5600 PE IS ABOVE 100 LAC WITH THE HUGE ADDITION OF 18 LAC IN OI. 5700 PE TOO ADDED 17 LAC IN OI TAKING THE TOTAL OI AT 65 LAC. 5600 CE WITNESSED HUGE LIQUIDATION OF 19 LAC AND TOTAL OI AT 5600 CE IS 37.87 LAC. 5700 CE IS HAVING HIGHEST OI OF 86.24 LAC AND OI AT 5800 CE AND 5900 CE IS 74 LAC AND 80 LAC RESPECTIVELY.
SO THE OPTION CHAIN SUGGEST THAT 5600 IS GOING BE A WALL OF SUPPORT AND BULLS ARE HAVING VERY FIRM GRIP ON 5600 MARK. 5700 STILL REMAINS A CRUCIAL RESISTANCE FOR NIFTY. TREND SEEMS TO BE BUY ON DECLINE UNLESS AND UNTIL 5600 IS BREACHED.
No comments:
Post a Comment