Nifty 6000 and 6100 call added huge 25 lac and 22 lac contract in open interest indicating that both strick price has been written today. Nifty loosen its all rise which it gained in three days. Price fallen in less time rather than rise time indicating that fall is impulsive. As per Elliott wave if this falling wave is 3 than it may surprise many and price may slide sharply with gap down action. In my previous update we wrote that any break below 6100 will slide nonstop to 5800 level. Any jump of 30-50 point should use to sell on rise.
