Nifty: Resistance 6222-6236-6246-6266-6287
Support 6187-6175-6166-6116
Despite strong global cues, nifty remain calm & saw some consolidation in 6200-6230 range. Intraday expect flat opening in line with Asian market. Immediate resistance @ 6222 & support @ 6175. Break & sustain below 6175, nifty may see some correction till 6116 range. Sustaining / Closing above 6222-6246 range, nifty may set the further bullish tone for the market.
Options Analysis: Strong OI build up was visible in 6000 strike price put option which indicates strong support at that level. On the other hand significant writing has been visible in 6300 strike price call option which may act as an intermediate resistance level.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment