Market had another interesting session yesterday and Nifty made yet another high oin the month of March above 5270.
Bulls are in no mood to stop anywhere in the market and are creating more and more long positions by the day.
FII data suggests that they are hedging there positions by writing Puts and Calls of different strikes.
Very high PCR(Put-Call Ratio) indicates that Nifty is in overbought zone and is ready for big correction any day.
We advise investors and traders to book profit on every rise and stay on cash.
Nifty
Pivot 5247
Support 5221-5206-5181
Resistance 5272-5303-5337
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