Nifty Intraday Tips For 24 Feb 2011
The Nifty Index in last trading session ended with loss of more than half a percent. On the derivatives front we have seen that the Nifty Futures prices ended in the red along with shredding of open interest and decline in the cost of carry, this is an indication of unwinding by the longs. On the options front we have seen that the OI PCR is currently at 1.18 vs. 1.21 whereas the Volume PCR is at 0.98 vs. 1.05. On the volatility front we have seen that the Indian VIX has dropped by nearly one percent indicating lesser volatility.
Nifty Intraday Tips 24 Feb 2011
ACTION TRIGGER PRICE STOP LOSS TARGET-1 TARGET- 2
SELL ABOVE 5460 5480 5400 5340
Nifty Intraday Levels for 24 Feb 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5400 5340 5480 5520
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Intraday Tips Updated at: 7:42 PM