In our morning post at our Facebook Page, we clearly mentioned that Short covering expected any time after recent correction and finally it came today with 2% upside in NIFTY. Now a days our markets having roller coaster ride in a range. Last time we updated that 5972.45 level may break in Spot but it sustained for a strong reversal. Currently NIFTY is quite range bound seems to hit again 6200 kind of levels. Before any view of market lets have FII/DII Data for Today, November 25, 2013:-INDEX FUTURES: +534.55 CroreINDEX OPTIONS: +880.13 CroreSTOCK FUTURES: -90.05 CroreSTOCK OPTIONS: -23.71 CroreNET F&O SEGMENT: +1390.91 CroreFII CASH SEGMENT: +837.80 CroreDII CASH SEGMENT: -792.43 CroreToday's data justifies the Intraday trend of the market. FII had strong Buying in Index Futures and Cash Segment with some good buying in CEs but They kept their view cautious at point of stock specific action. DIIs used Intraday upside for profit booking. Overall data is positive suggests some more upside left in marke.tMARKET OUTLOOK: Considering the market trend, currently NIFTY Spot trading in 5970-6220 range which suggests some more 1-2% upside left in market before the expiry. All of the sudden with IRAN Deal, market scenario has been changed and Options Data also has turned to positive side. On a strong Session, today traders mostly sold the PUTs and had short covering in CALLs. During the Intraday session, 6100PE seen strong addition of 23.09 Lakh shares whether 6000PE seen increase of 17.32 Lakh shares in its Open Interest. Whether 6100CE seen unwinding of 11.4 Lakh shares and 6000CE seen shed of 23 Lakh shares in its Open Interest. This action clearly shows that traders have been quite optimistic and they are betting for above 6100 level expiry. Though Total Open Interest is still highest at 6000PE and 6300CE which clearly suggests broader range of 6000-6300 in NIFTY Spot. We would like to suggests that traders need not to be over optimistic or pessimist unless NIFTY Following the trading range. Let the either side break for directional move in market.Apart from the Options Chain, different indicators also have been positive. For tomorrow, 6142 and 6159 are strong resistance levels for NIFTY Spot. Once these levels cross NIFTY may see upside to 6200+ levels. In downside, 6035 is strong support for now, before that 6062 is another support for NIFTY Spot.