Yesterday markets saw a gap up and moved past the final resistance towards the target of 5600 levels without resisting much around 5551 levels.
The PCR is neutral at 0.99 and it looks like market might hover in a tight range for somemore time in this series.
There were increase in OI in near stike call day before yesterday and inspite of that markets saw an upmove. Yesterday there has been a huge increase in the near strike put of 5500 and it looks like market might move to test lower levels of 5550.
Resistance levels : 5594, 5607, 5623
Support levels : 5583, 5563, 5542
-Happy Trading
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