The Nifty Index in last trading session ended at 5932.60 which was almost flat. On the derivatives front we have seen that the Nifty Futures prices remained almost flat with an overall decrease of open interest and decrease in the cost of carry, this is an indication of closure of long positions. On the options front the OI PCR has ended at 1.45 vs.1.51 whereas the Volume PCR has ended at 1.12 vs. 1.15. On the Volatility Front the Indian Volatility Index has ended at 19.90% vs. 20.06% losing 0.80%.
Nifty Intraday Tips 6 April 2011
ACTION PRICE STOP LOSS TARGET-1 TARGET-2
BUY BELOW 5880 5860 5940 5970
Nifty Intraday Levels for 6 April 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5867 5794 5940 5972