Nifty had a continuous five day run up and was able to retest the crucial resistance level of 5332, but could not close above that level.
The accumulation in 5300 puts and 5400 calls is huge at this stage and both are well above the 70 lakh mark. It looks like there will not be any major move beyond 5300 and 5400 and is likely to fall back into that range if such move happens for this expiry.
Resistance levels : 5332, 5367, 5384
Support levels : 5316, 5304, 5285
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