Nifty closed at 5086.85 (lost 101.55 points). For today, WATCH 5080 AND 5110 CAREFULLY. ABOVE 5110, NIFTY MAY MOVE TOWARDS 5130/5150 ON THE UP SIDE WHEREAS BREAKING 5080 AND 5070 ON THE DOWNSIDE, NIFTY MAY HIT 5050/5030 AND EVEN 5010 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 5000 put and 5300 calls. However, as of now 5000/5030 may act as support and 5200 & 5300 will act as resistance in near future.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
