Markets have been more or less range bound since last week and has been facing continuous long unwinding pressure as it approaches the 5,900 mark. Yesterday Nifty managed to close above the recent support of 5,750 levels. However, buying momentum is likely to accelerate only on move past 5,920 levels.
Sensex July future which shed 5850cont in open interest has seen unwinding.
On option front, BSE100 June 6,000 strike call which shed 9000cont in open interest in has seen unwinding yesterday trade, while put writing was seen at BSE100 June 5,700 which added 4100cont in open interest.