Hi,
Today , Nifty quietly continued it's upward momentum. Opened gap up around 5000 and found support at 4990 level. Touched a high around 5025 in the afternoon session. Closed around 5015 level.
4 more sessions remain in this series. On 24th Jan ( Tue) RBI Would announce its policy.FII stats are positive and they are continuing with their cash purchases.
Today 5000 Put has seen good OI addition .Given the momentum, put writers appear confident.
here is Nifty Option Chain of 19th Jan 12 ( Thurs).
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