Thursday, March 31, 2011

A neutral day to end the March series closer to 5800 levels ?!


Nifty reached 5800 levels yesterday and then closed a shade below that level at 5788.

The OI increase was seen in 5800 puts as well as 5900 calls. PCR is at 1.11.

Today being the expiry day of the series and the last session of the financial year, it is likely that markets will hover in a range of 5754 to 5832 before settling for a close near to 5800 levels.


Resistance levels : 5803, 5832


Support levels : 5766, 5754


-Happy Trading
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