Nifty ended in a flat note with positive bias at 5120.55 with a marginal gain of 16.70 points.
For today, WATCH 5122-5125 LEVEL CAREFULLY. IF NIFTY ABLE TO TRADE ABOVE 5125 WITH VOLUME, WE MAY EXPECT NIFTY TO TOUCH 5145/5180. 5150/5182 MAY ACT AS RESISTANCE. ON THE DOWNSIDE, 5090/5050/5015 WILL BE SUPPORT.
From options data (Read OI analysis page),,highest options base has been shifted to 4800 & 5000 put and 5300 & 5200 calls. As of now, for June series, 4760/4800 will act as strong support and 5280/5300 (beyond 5182/5220) will act as strong resistance.
For today, WATCH 5122-5125 LEVEL CAREFULLY. IF NIFTY ABLE TO TRADE ABOVE 5125 WITH VOLUME, WE MAY EXPECT NIFTY TO TOUCH 5145/5180. 5150/5182 MAY ACT AS RESISTANCE. ON THE DOWNSIDE, 5090/5050/5015 WILL BE SUPPORT.
From options data (Read OI analysis page),,highest options base has been shifted to 4800 & 5000 put and 5300 & 5200 calls. As of now, for June series, 4760/4800 will act as strong support and 5280/5300 (beyond 5182/5220) will act as strong resistance.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
"REAL-TIME NIFTY CHART" - BUY WHEN 20-MIN. EMA(GREEN LINE) CROSSES 50-MIN. EMA(RED LINE) DOWN TO UPSIDE AND VICE-VERSA. IN ADDITION, GREEN DOT INDICATES BULLISH SIGNAL AND RED DOT INDICATES BEARISH SIGNAL ON INTRA-DAY BASIS. NO NEED TO REFRESH THE PAGE REPEATEDLY. THE CHART WILL AUTO REFRESH IN EVERY 10 SECONDS. THE PAGE WILL AUTO REFRESH IN EVERY 2 MINUTES TO UPDATE ALL OTHER DATA. - 'WISH U ALL GOOD LUCK' - JAY.
