A neutral day after breaking 5900 levels yesterday
There were unwinding seen in all the near strike puts and 6000 calls added around 16 lakh in open interest yesterday which favours bears to a good extent currently. The PCR is neutral at 1.01.
Overall it looks like markets will remain neutral for this session and there might be further bearish moves before market can fall back into range.
Resistance levels : 5931, 5961, 6010
Support levels : 5885, 5871, 5838