● Nifty index opened positive and hit a new record life time high of 11760. It formed a Doji Candle on daily scale but managed to hold its gains for entire trading session. It has been respecting to its rising channel and a support trend line which confirms its overall bullish momentum ● Now has to continue to hold above 11666 to extend its move towards 11777 - 11800 zones while major support is also shifting higher to 11620 ● Max Put OI is at 11500 then 11700 while Max Call OI is shifting higher to 11800 then 11700. Significant Put writing seen at 11700 then 11750 strikes while Call unwinding is seen at all immediate strike with fresh Call writing at 11850 ● India VIX moved up by 1.51% at 12.42 levels however overall lower volatility suggests that bulls are likely to hold the tight grip on the market ● Bank Nifty hit a new life time high of 28388 mark but failed to close above its crucial hurdle of 28333. It formed a Doji Candle on daily scale which suggests Bears are putting pressure at higher levels while declined is been bought in the market. It has been moving in between 27750 to 28400 zones from last 15 sessions ● Now a decisive move above 28333 could see a fresh rally towards 28500 then 28700 zones while support is seen at 28128 then 28000 ● Longs in PEL, Hindalco, JSW Steel and HDFC ● Shorts in GAIL, BOB, Yes Bank and Ambuja Cement