Indian Markets succumb to selling pressure - IIFL

Markets succumbed to selling pressure on Tuesday after RBI announced steps to defend volatility in the rupee. Nifty has been struggling to surpass the resistance of 6,040 where steady supply is visible and hence in order to confirm trend reversal, it needs to close above the same for atleast two consecutive trading sessions.

Sensex July future which shed 6120cont in open interest has seen unwinding.

On option front, BSE100 June 6,000 strike call which added 5200cont in open interest in has seen writing in yesterday trade, while put buying was seen at BSE100 June 5,600 which added 42800cont in open interest.

Source : Equity Bulls

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