In spite of good result from L&T, Nifty could not able to recover its gap-down opening. Selling pressure was seen throughout the day and finally Nifty closes at 5117.95 with a huge loss of 87.15 points.
NOW, 5170 AND 5130 WAS ALSO BREACHED. 5100 MAY ACT AS SUPPORT.
For today, WATCH 5090/5100 LEVEL AS SUPPORT. ON THE UPSIDE 5160 MAY ACT AS RESISTANCE.
From options data (Read OI analysis page), highest options base has been shifted to 5000 & 5100 puts and 5300 & 5400 calls indicating that as of now 5100 may act as support and noteworthy addition in 5300 call indicating that this expiry may settle below 5300. 5300/5340 will act as strong resistance. 5400 will be strong resistance in this series.
NOW, 5170 AND 5130 WAS ALSO BREACHED. 5100 MAY ACT AS SUPPORT.
For today, WATCH 5090/5100 LEVEL AS SUPPORT. ON THE UPSIDE 5160 MAY ACT AS RESISTANCE.
From options data (Read OI analysis page), highest options base has been shifted to 5000 & 5100 puts and 5300 & 5400 calls indicating that as of now 5100 may act as support and noteworthy addition in 5300 call indicating that this expiry may settle below 5300. 5300/5340 will act as strong resistance. 5400 will be strong resistance in this series.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
