Nifty ended almost flat at 5120.80 with a marginal gain of 6.15 points.
For today, VIEWS ARE SAME AS YESTERDAY. WATCH 5133 AND 5150 LEVEL CAREFULLY. IF NIFTY ABLE TO TRADE ABOVE THIS LEVEL, NIFTY WILL TRY TO HIT 5182/5195. ON THE DOWNSIDE, 5100 AND 5070/5050 WILL ACT AS SUPPORT. DUE TO EXPIRY WEEK, VOLATILITY WILL BE SEEN.
From options data (Read OI analysis page),,highest options base has been shifted to 5000 & 4800 put and 5200 & 5300 calls. As of now, for June series, below 5090, 5000/4970 will act as strong support and above 5133/5150, 5195/5220 will act as strong resistance.
For today, VIEWS ARE SAME AS YESTERDAY. WATCH 5133 AND 5150 LEVEL CAREFULLY. IF NIFTY ABLE TO TRADE ABOVE THIS LEVEL, NIFTY WILL TRY TO HIT 5182/5195. ON THE DOWNSIDE, 5100 AND 5070/5050 WILL ACT AS SUPPORT. DUE TO EXPIRY WEEK, VOLATILITY WILL BE SEEN.
From options data (Read OI analysis page),,highest options base has been shifted to 5000 & 4800 put and 5200 & 5300 calls. As of now, for June series, below 5090, 5000/4970 will act as strong support and above 5133/5150, 5195/5220 will act as strong resistance.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
