The Nifty Index in last trading session ended almost flat at 5531. On the derivatives front we have seen that the Nifty Futures prices ended flat along with an overall addition of open interest and decline in the cost of carry, this is an indication of some shorts being built at higher levels. On the options front we have seen that the OI PCR has ended at 1.27 vs. 1.30 whereas the Volume PCR is at 0.97 vs. 1.02. On the Volatility Front the Indian Volatility Index (VIX) has ended in the red at 23.28% indicating some ease off in volatility.
Nifty Intraday Tips 10th March 2011
ACTION PRICE STOP LOSS TARGET-1 TARGET-2
SELL ABOVE 5560 5585 5480 5398
Nifty Intraday Levels for 10 March 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5480 5398 5572 5611
