Flat to positive opening is expected with confusing scene 50 % traders are bullish and 50 % are bearish at 5620 level and benefit will go to bears only reasons already stated at
http://www.dhanvarsha.in/2012/09/nifty-failed-to-breach-5630-5650-level.html
we are advising to book profits at swing highs a healthy correction is due after 450 points of quick rally which is already started yesterday and may accelerate .we may see consolidation too at this juncture but be cautious if you are going to buy at this level.
we are expecting that Nifty may trade below 5600 level today and will close in negative zone
Trade in Nifty as per these levels
Buy at / above: 5643 Targets: 5659 - 5678 - 5697 - 5716
Stoploss : 5625
Sell at / below: 5625 Targets: 5609 - 5590 - 5571 - 5553
Stoploss : 5643
Never trade without stop loss order
Sudden jump of 15% in VIX is giving warning to bulls read more about vix at
http://www.dhanvarsha.in/2012/05/things-to-know-about-volatility-and-why.html
This option table is showing highest pe oi buildup 8631750 at 5300 level then 5400 ,5500 5600 and highest call oi build up at 5600
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