Put Call ratio of 1.65 and Open Interest data are giving indication of overheatedness. Yet liquidity is King and can drive the market further.
Nifty Levels for Intraday Traders:
Res: 5048, 5065, 5132, 5167
Sup: 4906, 4889, 4837
Long term invetors can wait for some correction to build a healthy portfolio.
