The Nifty Index in last trading session ended at 5943.30 with gains of near one and a half 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 1.51 vs. 1.34 whereas the Volume PCR has ended at 1.15 vs. 1.30. On the Volatility Front the Indian Volatility Index has ended at 20.06% vs. 20.11% losing 0.24%.|| Daily Nifty Technical View ||
Nifty Intraday Tips 5 April 2011
ACTION PRICE STOP LOSS TARGET-1 TARGET-2
BUY ABOVE 5911 5870 5940 5970
Nifty Intraday Levels for 5 April 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5870 5880 5940 5970