The Nifty ended gains of 0.37% at 6157.60 levels. On the derivatives front we have seen that the Nifty Futures prices have increased along with an addition of open interest and decline in the cost of carry, this is an indication of some shorts being built at higher levels. On the options front the OI PCR has remained flat. The Indian Volatility Index (VIX) has surged to 16.99% vs. 16.59% indicating some uncertainty in the markets .
Nifty Target for Today 4 Jan
Nifty Target - 6095 / 6070.
Nifty Range 6095 – 6210
Nifty Levels for 4 Jan
PIVOT SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
6157 6125 6095 6180 6210
