The Nifty Index continued its upward march for the second consecutive day and ended with gains of 1.22% at 5724.05. On the derivatives front we have seen that the Nifty Futures prices surged along with an increase in the cost of carry but witnessed decline in open interest, this is an indication that markets rose more on account of short covering. On the options front the OI PCR and VOL PCR continues to trade below the level of 1.00. The Indian Volatility Index (VIX) witnessed decline of 8.95% suggesting some positive moves to continue.
Nifty Levels for 19 Jan
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5650 5580 5730 5760
