On friday, when the new series began, bears pushed the markets further to test the last support level for the day at 5937 and then bulls staged a strong come back to test the first resistance level of 6032 and close above 6000 levels.
Overall it has set a bullish tone to begin the series and markets have opened on a strong note and is currently testing the 20 DMA at 6094.
Market is likely to consolidate around this level before making another strong directional move. PCR is at 0.97 and it might be too early to read the open interest outstanding in puts and calls.
Resistance levels : 6050, 6072, 6094
Support levels : 5995, 5954, 5937
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