The Nifty Index in last trading session ended with gains of 1.58% at 5531.50. On the derivatives front we have seen that the Nifty Futures prices surged along with increase in the cost of carry, but witnessed decline in open interest, this is an indication of short covering being witnessed in the markets. On the options front the OI PCR has ended at 1.33 vs. 1.28 whereas the Vol. PCR has ended at 1.09 vs. 1.08. On the Volatility Front the Indian Volatility Index (VIX) has ended at 23.30% losing 3.44% indicating some ease-off in markets.
Nifty Intraday Levels for 15 March 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5445 5400 5575 5625