The Nifty Index in last trading session ended at 5751.45 with gains of near one percent. On the derivatives front we have seen that the Nifty Futures prices surged along with an overall increase of open interest and increase in the cost of carry, this is an indication of accumulation of long positions. On the options front the OI PCR has ended at 1.75 vs. 1.69 whereas the Volume PCR has ended at 1.10 vs. 1.05. On the Volatility Front the Indian Volatility Index has ended at 21.22% vs. 21.02% gaining 0.95%. || Daily Nifty Technical View ||
Nifty Intraday Tips Wednesday 30 March 2011
ACTION PRICE STOP LOSS TARGET-1 TARGET-2
BUY ABOVE 5765 5709 5780 5795