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NIFTY INTRADAY TIPS 5 January


The Nifty resisted at higher levels and closed with nominal losses of 0.20% at 6146.35. On the derivatives front we have seen that the Nifty futures prices declined along with an overall 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 we have seen that the OI PCR has declined to 1.37 levels vs. 1.41 whereas the Volume PCR has increased to 1.11 vs. 0.96. On the volatility front we have seen that the Indian Volatility Index (VIX) has shown a rise indicating uncertainty at higher levels. 
Nifty Levels for 5 January 


PIVOT   SUPPORT 1  SUPPORT 2  RESISTANCE 1  RESISTANCE 2 
 6171        6133            6108             6196                 6234     

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Intraday Tips Updated at: 7:54 PM
 
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