On Friday, markets started on a strong note, but slipped below 5600 support and was trading below that level for the rest of the session after taking support at the second level of 5563.
5600 and 5700 calls huge increase in OI of 15 and 12 Lakhs and on the put side, 5500 put crossed one crore in OI.
There might be a move to break 5500 levels this week before markets can give another bounce back and the expectation is that markets will remain rangebound for this series.
Resistance levels : 5594, 5610, 5633
Support levels : 5563, 5558, 5542
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