Nifty made a high of 5838 levels yesterday before settling for the day just a shade below 5800 levels at 5796.
Overall, momentum has kicked in and it looks like Nifty is headed for 5942 levels in the short term before the close of this series.
Options data saw heavy unwinding in all near strike calls and 5700, 5800 puts added on to open interest. It looks like another round of short squeeze will be triggered till 5942 levels before Nifty can cool off.
Resistance levels : 5822, 5845, 5901
Support levels : 5776, 5742, 5701
No comments:
Post a Comment