Hi,
Today Nifty Made couple of attempts to move beyond 5400 but could not succeed . Came to a low of 5330 and closed around 5335. In the past 2 sessions 5330 area acted as good support and 5400 seems to be resistance. The range of around 70 pts seems to be a narrow range for nifty to move. hence a break out may occur in the next few sessions.
here is Nifty Option Chain of 07th Feb 12(Tue).
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