Yesterday NIFTY was completely dominated by bears and bulls were unable to bring in any bounce during intraday.
Also 5300 puts saw a little bit of unwinding and 5400 calls added 7 lakhs as openinterest which is denoting some amount of weakness. But the overall PCR ratio is still very much in favour of bulls and it is likely that markets will remain range bound for a few more sessions between the levels of 5283 and 5386 with bulls ultimately pushing it beyond 5400 at one point in the short term.
Resistance levels : 5325, 5350
Support levels : 5296, 5283
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