The market are not able to provide any breakout and range bound trade still prevailing, but close above 50 DMA. Consumer Durables, Power, Realty, and Capital Goods and Banking are the lead gainer till now. Market breadth was positive with advances at 1075 against decline of 380 on the NSE.
As I have been saying that market will face hurdle at 5365 level and I see maximum stretch up to 5440 level. but its chances are very low. but market is never guaranteed.5300 call added 67650 shares and 5400 call added 593100 shares in open interest today. 5300 put added 486800 shares in open interest. 5400 call has highest open interest at 4126400 will create a big barrier for nifty.
But one of the most interesting thing is that nifty 4700 Put added 1557300 shares in open interest. Is there any big game is going to happen in this month by big and smart money player? yes this secret is reserve for our V.I.PS.
Nifty moved in very tight range but its slow stochastic indicators rising rapidly indicating that market is about to come in overbought zone very soon most probably in one or two trading session. India volatility charts has a strong support at around 20 level. these all indicators indicating reversal very soon. Further no positional long trading at current level. Trade only intraday for next day. There are two days leave in stock market so option premium will decrease very soon. holding option should avoided.
As I have been saying that market will face hurdle at 5365 level and I see maximum stretch up to 5440 level. but its chances are very low. but market is never guaranteed.5300 call added 67650 shares and 5400 call added 593100 shares in open interest today. 5300 put added 486800 shares in open interest. 5400 call has highest open interest at 4126400 will create a big barrier for nifty.
But one of the most interesting thing is that nifty 4700 Put added 1557300 shares in open interest. Is there any big game is going to happen in this month by big and smart money player? yes this secret is reserve for our V.I.PS.
Nifty moved in very tight range but its slow stochastic indicators rising rapidly indicating that market is about to come in overbought zone very soon most probably in one or two trading session. India volatility charts has a strong support at around 20 level. these all indicators indicating reversal very soon. Further no positional long trading at current level. Trade only intraday for next day. There are two days leave in stock market so option premium will decrease very soon. holding option should avoided.
