Markets keep swinging in a tight range with bulls and bears alternating and yesterday saw bears push Nifty to a close near the key support of 5462.
Options data again saw an increase in open interest in all the near strike put and call with 5300 puts crossing 1 crore mark again.
Overall another bull leg to test 5500 levels is in place as long as Nifty does not close below 5430 levels.
How to trade?
Buy at support levels with a stop of 5428 for a target of 5494.
Resistance levels : 5482, 5494
Support levels : 5445, 5434
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