1. The market had 2 confused levels before the start of the session yesterday - 5800 and 5900. Now at least 5800 is resolved to a better support by the put addition and call covering.
2. 6000 is the resistance now with 6100 being a stronger resistance
3. 5900 is a weak resistance or 50-50 level
4. 5800 is a better support with stronger supports at 5700 and below.
5. PCR jumped up fro 0.95 to 1.01 -- so one can treat PCR of 0.95-0.97 as the range where market typically halts the downslide and reverses.
Nifty Futures:
2.01 Cr OI up 2.6% (5L shares added) -- Sign of small amount of longs?
Banknifty Futures:
12.9L OI flat
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3 comments:
Thanks Girish!
Shai, plz post todays ORDERFLOW chart of nifty & banknifty.Thanks in advance.
Nifty is more correlated to EURUSD. Today EURUSD is ripping and its even close to Dec 31st high.
May be there will be turn around tomorrow in Nifty? Although I have taken a bearish bet of buying 5700PEs - I would be more than happy to swap it for a 5900CE if there is momentum buying tomorrow
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