Markets to consolidate after reaching new high…
Markets continued to make the non-stop run towards 6000 and also closed above that level for the day.
Options data saw increase in open interest in 6000, 6100 calls as well as in 5900 and 6000 puts. Very less activity was seen in 6100 put. This indicates that markets might consolidate around this level in a tight range for a while till the end of this series.
Resistance levels : 6014, 6042
Support levels : 5980, 5950