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NIFTY INTRADAY TIPS FOR 11 JAN


The Nifty Index in last trading session once again witnessed heavy selling pressure and ended at 5762.85 losing 2.40%. On the derivatives front we have seen that the Nifty Futures prices declined along with decline in the cost of carry but witnessed addition of open interest, this is an indication of shorts being built at higher levels. On the options front we have seen that the OI PCR has declined mainly on account of shredding of open interest on the puts side and addition of open interest on the call side. The Indian Volatility Index (VIX) has shown a surge of 11.24% indicating volatility has increased in the markets highlighting to the bearish sentiments.

Nifty Levels for 11 January 2011

PIVOT  SUPPORT 1  SUPPORT 2  RESISTANCE 1  RESISTANCE 2 
 5809         5694            5631             5980                 6070     

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Intraday Tips Updated at: 10:28 PM
 
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