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NIFTY INTRADAY TIPS 1 Feb 2011

The Nifty Index in last trading session ended flat at 5505.90. On the derivatives front we have seen that the Nifty Futures prices recovered from day's low along with an overall addition of open interest but witnessed decline in the cost of carry, this is an indication of some shorts being built at higher levels. On the options front we have seen that the OI PCR and Volume PCR have registered decline mainly on account of shredding of open interest seen on the puts front. The Indian Volatility Index (VIX) Continues to trade at 23.41 with a surge of 3.68% in comparison to previous day indicating nervy sentiments in the markets.


ACTION  TRIGGER PRICE  STOP LOSS  TARGET- 1  TARGET- 2 
SELL AT              5530              5550       5485           5445 

Nifty Intraday Levels for 1 Feb

SUPPORT 1  SUPPORT 2  RESISTANCE 1  RESISTANCE 2 
   5480                5440             5550                  5590   

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Intraday Tips Updated at: 8:54 PM
 
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