After the bearish expiry week, more of correction was seen last friday as the new series began.
There has been build up in both the near strike puts and calls and 5600 puts and 5800 call and 6000 call saw good build up in open interest. PCR ratio is at 1.11, slightly favouring bulls.
Overall, markets is showing few signs of a short term up move till 5850 levels and beyond and it is a buy on any correction at this stage.
Resistance levels : 5789, 5830, 5895
Support levels : 5750, 5714, 5685
No comments:
Post a Comment