Markets consolidated yesterday after swinging in a tight range for the day and closed at 6119 levels.
The PCR ratio is at 1.13 and is starting to favour bulls to some extent. All the near strike calls and puts added in open interest and is not pointing to favouring either side as of now.
The implied volatility is also neutral and is ruling around 20 levels.
The pattern is pointing to bullishness after the strong up move from the low levels of 5937 levels and a consolidation around 6100 levels.
Resistance levels : 6133, 6151, 6176
Support levels : 6106, 6085, 6066
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