Friday saw markets opening gap up and it was sustained and bulls were able to push markets to a strong close towards the end of the session.
Option data saw accumulation in near strike calls and put writing was also seen in 5400 strike. This points to a bullish move, though the accumulation seen in 5500 call could be a deterrent for a strong up move.
How to trade?
Stay long on markets testing further support levels for a target of 5406 levels.
Resistance levels : 5385, 5406
Support levels : 5334, 5321
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