Tuesday, November 2, 2010

A consolidation after the strong bullish move...


Markets saw a strong bounce yesterday and regained whatever was lost in the expiry week and closed for the day above 6100 levels.

PCR is at 1.05 which is neutral and there were large increase in 6100 puts and unwinding in 6100 calls.

It is likely that markets will consolidate around 6100 levels.



Resistance levels : 6133, 6151



Support levels : 6106, 6085

-Happy Trading

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