Tuesday, September 28, 2010

Markets hovering above 6000 levels...


Nifty made a new high for the series yesterday and towards the end of the session corrected from the high and closed at 6036 levels.

As indicated the put volatility was lesser when compared to calls which pulled Nifty lower yesterday. Currently there is significant increase in OI in 6000 calls and puts as well as in 6100 call and 5900 put, all indicating an expiry close to 6000 levels at this stage.

Resistance levels : 6042, 6065

Support levels : 6014, 5981




-Happy Trading

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