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NIFTY UPDATE

                                                              NIFTY UPDATE


1. ON 12-11-2013 we  saw that nifty was not able to sustain 6075-6031 
2.Again we did not see any reversal pattern on 60 min time frame
3.we witnessed huge change in open interest at 5800 put and huge open interest built up at 6000 put , with increase in the price.
4.whereas there was short built up at 6100-6200 level as open interest of 6100 call and 6200 call increased with decrease in  price .
5.Even today we saw lower low closing so short term trend is negative.
6.5880-5865 is next crucial support.
7.Nifty may find resistance at 6082 and support at 5949-5886
 

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