Friday, September 24, 2010

Tight range and hovering around 6000 levels...


Yesterday markets scaled 6000 levels again before correcting and bouncing from the last support level of 5931 mentioned and closing for the day at 5960.

Options data saw slight increase in near strike calls and puts, with 5900 moving to an open interest of 95 lakhs.

Overall the same view is maintained as to markets will remain within the tight range and would go in for a closer to 6000 expiry for this series.

Resistance levels : 5981, 6014

Support levels : 5946, 5931


-Happy Trading

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