Huge buying made Nifty closed at 5199.80 with a huge gain of 99.95 points.
NOW, 5260 WILL ACT AS RESISTANCE. NIFTY MAY MOVE BETWEEN 5000-5200 BEFORE ANY MAJOR MOVE. 5170 MAY ACT AS SUPPORT. BELOW 5170, 5145 AND 5100 WILL BE MAJOR SUPPORT.
For today, WATCH 5170 LEVEL AS SUPPORT. BELOW 5170 LEVEL, IT MAY HIT 5145 ON INTRADAY BASIS. ON THE UPSIDE 5260 MAY ACT AS RESISTANCE.
From options data (Read OI analysis page), highest options base has been shifted to 5000 & 5100 puts and 5400 & 5500 calls indicating that as of now 5100 may act as support and 5400 will act as resistance in this series.
NOW, 5260 WILL ACT AS RESISTANCE. NIFTY MAY MOVE BETWEEN 5000-5200 BEFORE ANY MAJOR MOVE. 5170 MAY ACT AS SUPPORT. BELOW 5170, 5145 AND 5100 WILL BE MAJOR SUPPORT.
For today, WATCH 5170 LEVEL AS SUPPORT. BELOW 5170 LEVEL, IT MAY HIT 5145 ON INTRADAY BASIS. ON THE UPSIDE 5260 MAY ACT AS RESISTANCE.
From options data (Read OI analysis page), highest options base has been shifted to 5000 & 5100 puts and 5400 & 5500 calls indicating that as of now 5100 may act as support and 5400 will act as resistance in this series.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
