Nifty made the closing today just above the psychological level of 5000 with gaining 13.20 pts. The market may likely to open flat tomorrow but it might affected by global market trends. The nifty trend technically expected that market may witness more correction from the current levels and could recover its losses. In the downside 4700 to 4850 is looking the key support base for Nifty future.
Incidentally, over the past few sessions, 5100 and 5200 strikes have been seeing a significant call-writing, indicating good resistance at higher levels. The cumulative call OI in those two strikes now stands at over 1.24 crore shares. Similarly, on the way down, a significant writing has been seen in 5000 strike puts, with the total OI outstanding there being 89 lakh shares now.
Incidentally, over the past few sessions, 5100 and 5200 strikes have been seeing a significant call-writing, indicating good resistance at higher levels. The cumulative call OI in those two strikes now stands at over 1.24 crore shares. Similarly, on the way down, a significant writing has been seen in 5000 strike puts, with the total OI outstanding there being 89 lakh shares now.
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