The Nifty Index in last trading session tumbled 1.60% and ended in deep red at 5512.15. On the derivatives front we have seen that the Nifty Futures prices declined 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 we have seen that the OI PCR has increased to 1.31 levels and the Volume PCR has ended at 1.10 level. On the volatility front the Indian Volatility Index (VIX) has ended with gains of 2.22% at 22.58 indicating volatility has increased in the markets.
Nifty Intraday Levels for 31 Jan
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5450 5350 5570 5640
