The Nifty Index in last trading session took support at 5400 levels and ended with gains of 1.74% at 5526.75. On the derivatives front we have seen that the Nifty Futures prices ended with gains along with an overall addition of open interest and increase in the cost of carry, this is an indication of longs being built at lower levels. On the options front we have seen that the OI PCR has ended at 1.24 levels whereas the Volume PCR has ended at 0.95 levels. The Indian Volatility Index (VIX) has ended at 22.69% losing 3.53% indicating some ease off in the markets.
NIFTY INTRADAY TIPS 4th Feb 2011
ACTION TRIGGER PRICE STOP LOSS TARGET-1 TARGET-2
BUY AT 5530 5490 5560 5600
Nifty Intraday Levels for 4 Feb
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5490 5450 5560 5600
