NOW LETS CONSIDER THE OPTION DATA OF NIFTY. 5400 CALL OPEN INTEREST ADDED 402300 SHARES WITH TOTAL OPEN INTEREST OF 5741850. 5400 PUT OPEN INTEREST ADDED 515150 WITH TOTAL OI OF 4737950. 5300 PUT OPEN INTEREST ADDED 65900 SHARES WITH TOTAL OPEN INTEREST OF 6776150. 5300 CALL OPEN INTEREST SHADED -238150 SHARES IN OPEN INTEREST. CURRENTLY VERY CRUCIAL AND CONFUSING DATA OF NIFTY.
INVESTORS NEED TO BE VERY CAUTIOUS AT THIS LEVEL. ANY BAD NEWS DRAG NIFTY ANOTHER 100 POINTS FROM CURRENT LEVEL.
NOW SEE THE CHART BELLOW. CURRENTLY NIFTY STRUGGLING AROUND 5400 LEVEL ONE MORE CLOSE ABOVE 5400 LEVEL NIFTY WILL BLAST UP TO 5702-5746 LEVEL VERY SOON. CURRENTLY VERY STRONG SUPPORT IS AROUND 5323 AND THAN 5250-60 ON WEEKLY AND DAILY BASIS.