WEEKLY ANALYSIS:

RES:5183-5225-5277
SUP:5092-5040-4988

NEXT WEEK NIFTY IS EXPECTED TO TRADE IN 5225-5040 RANGE..WITH HIGHER VOLATILITY IN COMING DAYS AFTER RANGEBOUND TRADING DAYS LAST WEEK.

AS IT IS EVIDENT FROM OVERBOUGHT LEVELS AND INDIA VIX AT ALL TIME LOWS IT SEEMS THAT NIFTY IS VEY MUCH NEAR TO ITS IMMEDIATE PEAK AND MAY FACE STIFF RESISTANCE IN 5177-83 RANGE,ABV THAT IF BREAKS MAY SEE IT MOVE UPTO 5218-25 WHERE NIFTY WILL BE ROYAL SHORT WITH SL ABV 5277..

NIFTY WILL BE WEAK AND MAY DRIFT DOWNSIDE IF CLOSES BELOW 5116..BELOW 5116 MAY SEE SOME SUPP NEAR 5092 AND THEN NEAR 5040..WHERE AGAIN SOME BUYING IS EXPECTED TO COME FOR ANOTHER ROUND OF UPMOVE TILL 5150 BY THE END OF THE WEEK

IF 5040-20 LEVELS ARE BROKEN THEN EXPECT ANOTHER ROUND OF SELLING TO COME WITH SUPPORTS AT 4988 AND 4947

IN MARCH SERIES 5100CE HAS HIGHEST O.I WITH 76.5 LAKHS AND THEN 5200CE HAS O.I POSITION OF 62.7LAKHS.THEY SAW AN ADDITION OF 12.8 LAKHS AND 13.7 LAKHS RESPECTIVELY.
WHILE 5000PE HAS HIGHEST O.I WITH 1.21 CRORES AND NEXT IS 5100PE WITH O.I POSITION OF 68 LAKHS.THEY SAW AN ADDITION OF 62K AND 3.1 LAKHS SHARES RESPECTIVELY.
AFTER MANY DAYS NIFTY CALLS ADDED MORE O.I YHAN PUTS INDICATING SOME SELLING MAY BE SEEN NEAR 5180-5220 WITH SUPPORTS AGAIN NEAR 4980-5020,NOW ONLY BREAK OF THESE LEVELS MAY SEE TREND DEVELOPING IN NIFTY,TILL THEN ITS BUY NEAR 5020 AND SELL NEAR 5180 WITH SMALL SL ON EITHER SIDE..