Yesterday markets made multiple attempts to cross the 5200 hurdle as well as to cross the 20 DMA resistance level at 5208, but was not able to do so.
The build up seen in the near strike puts and calls suggest a tight range, reducing the time premium in options before it can breakout in a direction during next week.
Only on a move above 5250, or below 5106 will start a new trend.
Resistance levels : 5185, 5211, 5250
Support levels : 5167, 5128, 5106
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