Nifty: Resistance 5945/5960/5995/6009
Support 5880/5841/5817/5777
Nifty witnessed selling pressure at higher levels & as written below 5945, Nifty went to hit lower levels of 5880 range. At the moment, Nifty is simply in no trade zone. Traders should watch out for lower range of 5817 zone [ closing basis ] for break down. On upper side, minor resistance @ 5945 & stiff resistance @ 6009 range... which if breaks, Nifty may see some quick moves to pass 6100-6200 range. Intraday expect Nifty to open flat in line with Asian Market.
IT Stocks looks good in dips.
Options data:
PCR @ 1.13.
Call writing seen at 6000 and 6100 Nifty calls.
Long build up seen at 5700 and 5800 Nifty puts.
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