Wednesday, September 29, 2010

Market moving in a tight range in the expiry week


Yesterday markets consolidated after testing momentarily sub-6000 levels and closed flat at 6030 levels.

Options data is seeing some unwinding in 6000 and 6100 puts and increase in 6000 and 6100 calls to some extent.

All this points to neutral moves till the close of this series and any move one side will be nullified by an equal move on the other side.

Resistance levels : 6042, 6065

Support levels : 6014, 5981


-Happy Trading

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