The Nifty Index in last trading session ended at 5699.65 with gains of near half percent. On the derivatives front we have seen that the Nifty Futures prices surged along with an overall increase of open interest and decrease in the cost of carry, this is an indication of addition of short positions. On the options front the OI PCR has ended at 1.69 vs. 1.61 whereas the Volume PCR has ended at 1.08 vs. 1.05. On the Volatility Front the Indian Volatility Index has ended at 21.02% vs. 20.47% gaining 2.69%. || Daily Nifty Technical View ||
Nifty Intraday Tips Tuesday 29 March 2011
ACTION PRICE STOP LOSS TARGET-1 TARGET-2
BUY ABOVE 5719 5657 5737 5750