Nifty witnessed a high volatile session with positive bias today. Overall it was yet another positive session for the market. Technically nifty future may face the next resistance close to the level of 6000. Decisive closing above this resistance zone may further advance nifty future towards more gains. In the downside the immediate support for nifty future seems close to the level of 5865. Decisive closing below this support may make it slip till the lower levels of 5820, 5775 in near run. For intra day trading we recommend long position in nifty future until it close below 5820 for the target of 6000 in near run.

Bank nifty future witnessed profit booking on upper levels but was still able to hold above the level of 12000. The next resistance zone for bank nifty future seems close to the levels of 12245 to 12250. Decisive closing above this resistance zone may take it up till the levels of 12500, 12700 in near run. In the downside it may get the immediate short term support close to the level of 11990. Closing below this support may slip it till the lower levels of 11860, 11735 in near run.

FIIs were net sellers to the tune of Rs 647 crore in Nifty futures; net sellers of Rs 1035 crore in Nifty options and FIIs net sellers of Rs 853 crore in Stock futures.

Nifty September futures ended at 13-point premium and Nifty October futures ended at 26-point premium. Nifty Open Interest PCR was at 1.77 versus 1.79. Nifty 5800 Put added 9.6 lakh shares in Open Interest while Nifty 6000 Call added 8 lakh shares in Open Interest. Stock futures added 0.4 crore shares in Open Interest.

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