FREE NIFTY INTRADAY TIPS FOR 21 JAN 2011
The Nifty Index ended with nominal gains of 0.36% at 5711.60. The Nifty is finding supports near the 5600 band. On the derivative front we have seen that the Nifty Futures prices increased along with an increase in the cost of carry but witnessed decline in open interest, this is an indication that some amount of short covering was witnessed at lower levels. On the options front the OI PCR and Vol. PCR continue to trade below the 1.00 mark. The Indian Volatility Index (VIX) has closed flat suggesting lesser volatility on the markets.
ACTION TRIGGER PRICE STOP LOSS TARGET- 1 TARGET- 2
BUY AT 5715 5700 5745 5780
Nifty Intraday Levels for 21 Jan 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5690 5640 5750 5780
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Intraday Tips Updated at: 7:05 PM