Yesterday was a neutral day with markets hovering around the crucial level of 5430.
Options data saw an increase in open interest in all the near strike put and call pointing to a range bound move.
The PCR is at 1.36 which is a bullish sign and after testing lower levels markets might make another attempt towards 5485 levels for the day. It is still better to stay away for a while and focus on individual stock picks and wait for markets to give a decisive breakout before initiating further trade. The key levels remain the same.
Resistance levels : 5434, 5462, 5485
Support levels : 5401, 5385, 5368
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