Thursday, August 5, 2010
-Trading still in range,near imp.support of 5440 ,the level to be watched for short term on closing basis.Below 5440 comes approx 5400 levels of 20d ema.
-Action has decisively shifted between 5300 and 5600 ,as the Options O.I. suggest ,with 5300 puts touching + one cr. and 5600 calls +ninety lacs .
-5500 puts continues to accumulate O.I. and is the largest percentage gainer strike since last two days.