The Nifty Index in last trading session once again continued its downward ride and ended in deep red at 5417.20 losing 1.61%. On the derivatives front we have seen that the Nifty Futures prices have ended in the red along with an overall addition of open interest and decline in the cost of carry, this is an indication of short built up in the markets. On the options front the OI PCR is currently trading at 1.15 levels whereas the Volume PCR is trading at 0.88 levels. On the volatility front the Indian Volatility Index (VIX) ended with gains of 1.36% indicating bearish sentiments are heavy.
ACTION TRIGGER PRICE STOP LOSS TARGET-1 TARGET-2
SELL AT 5435 5460 5365 5300
Nifty Intraday Levels for 2 Feb
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5365 5360 5365 5300
