The Nifty ended in the red terrain at 5976.55. On the derivatives front the Nifty Futures prices ended at a premium of 32.95 points vs. 9.40 points leading to a surge in the cost of carry along with overall shredding up of open interest, this is an indication that some short covering was witnessed at lower levels. On the options front the OI PCR has declined to 1.21 vs. 1.29 whereas the volume PCR has increased to 1.18 vs. 1.07. The Indian VIX has shown a decline of 0.67% indicating that the volatility eased in the previous trading session.
Nifty Levels for 8 December
PIVOT SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5972 5944 5911 6005 6034
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