The markets gave a robust jump today with banking, power, consumer durables and capital goods leading the rally. Realty and metal, too, made significant gains and Auto and pharma was the only sector that closed with only moderate lose. The Sensex closed at 19906, up 242 points from its previous close, and the Nifty closed at 6024, up 72 points. The CNX Midcap index was up 1.41% while the The market breadth was good positive on Nse.
Nifty 5900 put added 1,172,000 fresh contracts in open interest and nifty 6000 put also added 1,923,200 fresh contracts in open interest and nifty 6000 call open interest decreased by 963,500 contracts from open interest. As Nifty up by 72 points and increasing in open interest in 5900 and 6000 put indicating that put has been written aggressively and nifty will try sustain above 6000 level for tomorrow session also.
As I have indicated in my previous post that nifty is preparing for its next move and repeated its triangle breakout on Eod chart. As per slow stochastic nifty was in oversold on Eod chart and it has given crossover buy signal now. Above 6045 bull will come in full power and as per todays rise in the price seems impulsive in nature. Nifty is fully buy on dip mode until it break 5935 level.
6160 coming soon
