BUYING STILL

FII's still in the buying mode...( gap ups-consolidation the whole day - late surge up) Has been the story for the last few weeks after the correction/fall..higher intraday settings is working for intraday traders while the smaller rating would be hitting SL's both ways..Play the OB/OS in longer time frames to get the momentum right..Also keep a eye on Intraday OI data to give you a feel of where the markets could be heading..Last few days OI of 5200 put was being build up providing a good support at 5200, yesterday during intraday 5300 puts /5400 calls OI built up , giving a cue that market is headed for 5400 around..Trade with eyes open with strict SL's..watch 5300-5400 zone for trading now ..enjoy the day cheers.