Hi Traders,
Today, Nifty Opened gap up around 5080 and never really looked back.Moved past 5100 very early in the session and touched a high of 5145 in the last half an hour of trade.Managed to close well above 5100 at 5139.
here is Nifty Option Chain of 19th Oct 11(Wed). notice the OI addtion at 5100 Put. Looks like these put writers are very optimistic about Nifty hanging above 5100 for the next one or two sessions atleast.Monday,24th, may be a different ball game ,depending on the outcome of Euro Summit on 23rd Sun.
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