The Nifty Index in last trading session ended flat at 5654.75. On the derivatives front we have seen that the Nifty Futures prices ended flat along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. On the options front the OI PCR and Volume PCR are trading around their neutral zone of 1. On the volatility front some ease off was witnessed which was seen in the Indian Volatility Index (VIX) which fell by nearly a percent.
Nifty Levels for 18 Jan
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5610 5500 5695 5750
