Bulls were able to charge and take markets towards 5700 levels before closing the day at the last resistance level of 5680.
The 200 DMA is at 5718 currently and it is highly likely that markets can test that level and also close above that for the next two sessions before a strong correction on thursday to close the series around the expected levels of 5604. The expectation that this month there will be range bound moves is still intact. The PCR is neutral at 0.99.
Click image below to get the near strike change in open interest and option prices
Resistance levels : 5706, 5715, 5734
Support levels : 5665, 5651, 5634
-Happy Trading
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