NIFTY VIEW

Today Nifty Future seems to be open around 6080 below

Suppose Today Nifty Future will cross 6113 level then it will cross over 6125-6140 level

Crucial Support  for today 6067-6053

Avoid long trading position .

Nifty futures opened negative and traded range bound for entire trading session, to finally close down by 0.40% at 6085.
Overall breadth is negative as there were 34 advances vs. 114 declines in F&O segment.
Nifty futures may trade range bound in short term. Nifty future supports lies at 6040. While resistance lies at 6130.
Among major sector indices, Banknifty futures closed down by 0.87% while Cnxit futures closed down by 0.87%. Among Nifty Heavyweight stocks, Tatamotors and Sunpharma witnessed long buildup.
Put Call Ratio (Volume) is at 1.07.
Volatility index closed at 17.86 up by 4.32%.
Among Nifty options data of May series, significant buildup among put strike is seen at 6000, which may act as support.
Among Nifty May series call options, 6100-6200 strikes witnessed OI buildup.
Among Nifty May put options, 5900-6000 strikes witnessed OI buildup.
Infrastructure sector closed down by 3.2%, losses were contributed by Gmrinfra, Irb and Ivrclinfra.
Metals sector stocks have witnessed selling. Major losses were witnessed in Hindzinc, Jindalstel, Jswsteel, Sail, Sesagoa, Ster and Tatasteel.
Automobile, Cement, Media, Pharma and Textile sector stocks witnessed maximum OI action.