Markets consolidated yesterday after testing 5500 levels and closed the day at 5486.
Options data saw more of increase in all the near strike puts and calls. Overall 5400 put has the highest OI followed by 5600 call.
All the data points to a not so strong move on any one side and more of a consolidation around 5500 level for a while, with bulls and bears alternating.
Resistance levels : 5509, 5523, 5545
Support levels : 5462, 5445, 5430
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