Bulls were able to push the markets to higher levels towards the day's target of 5485 yesterday after consolidating near the crucial level of 5430.
Options data saw huge increase in OI in 5500 puts and unwinding in both 5400 and 5500 calls. pointing to a bullish move above 5500 levels for the day and likely to reach the weekly target of 5523 levels. 5600 calls has a OI of nearly a crore and could be a deterrent for any further upmove beyond 5545 levels.
Resistance levels : 5485, 5523, 5545
Support levels : 5462, 5448, 5434
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