Nifty closed at 5239.15 (lost 9.00 points). For today, WATCH 5243/50 CAREFULLY. ABOVE THIS, NIFTY MAY MOVE TOWARDS 5267/5278/5289/5300 ON THE UP SIDE WHEREAS BREAKING 5231 AND 5227 NIFTY MAY HIT 5200 AND 5184 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 5100 put and 5600 calls. However, as of now 5200 may act as support and 5300 & 5400 will act as resistance.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
