NS VIEWS(29TH MARCH):

RES:5302-5311-5320
SUP:5274-5252-5235

BUY ABOVE 5288 WITH SL 5274 FOR TARGETS 5294-5302-5311
SELL BELOW 5274 WITH SL 5288 FOR TARGETS 5262-5252-5241

TOMMORROW NIFTY MAY OPEN FLAT AND MAY REMAIN CHOPPY AND TRADE IN 5262-5302 RANGE,

TOMMORROW IF AFTER OPEN NIFTY DIPS THEN MAY GET INITIAL SUPPORT AT 5262 WHERE NIFTY IS A BUY WITH SL BELOW 5252,BUT IF IT BREAKS BELOW 5252 THEN 5235-40 RANGE IS VERY STRONG SUPPORT INTRA WHERE NIFTY IS AGAIN A BUY FOR INTRADAY WITH SL BELOW 5220 FOR TRGTS 5252-5274-5288

AND IF AFTER OPENS MOVE UP THEN MAY FACE STIFF RESISTANCE NEAR 5302-5311 WHERE NIFTY CAN BE SHORTED WITH SL ABOVE 532O FOR TRGTS 5288-5274-5262

O.I DATA:
NIFTY 5300CE HAS HIGHEST O.I AT 37.5 LAKHS SHARES AND NEXT IS IN 5400CE OF 37.2 LAKHS SHARES.IN CALLS 5400 CE SAW MAXIMUM ADDITION IN O.I OF 12.6 LAKHS SHARES.
WHILE IN PUTS 5000PE HAS HIGHEST O.I OF 43.8LAKHS SHARES AND NEXT IS IN 5200PE OF 40.4 LAKHS AND STRANGELY 5300PE SAW MAXIMUM ADDITION ON FRIDAY IN O.I OF 7.4 LAKH SHARES INDICATING 5300 NOW TO BE CRITICAL AS BREAK ABOVE 5320-40 WILL INVITE HUGE SHORT COVERING AND IF COULD NOT SUSTAIN ABOVE 5300 THIS WEEK MAY INITIATE SOME FRESH SHORTS AND SOME LONGS MAY ALSO SEE SOME PROFIT BOOKING.