The Nifty Index in last trading session ended with gains of 1.12% at 5511.15. On the derivatives front we have seen that the Nifty Futures prices have ended in the positive terrain along with overall shredding of open interest and increase in the cost of carry, this is an indication of short covering being witnessed in the markets. On the options front we have seen that the OI PCR has ended at 1.33 vs. 1.29 whereas the Volume PCR has ended at 1.21 vs. 1.30. On the Volatility Front the Indian Volatility Index (VIX) has ended at 24.89% vs. 26.63%.
Nifty Intraday Tips 17th March 2011
ACTION PRICE STOP LOSS TARGET-1 TARGET-2
SELL ABOVE 5540 5555 5475 5425
Nifty Intraday Levels for 17 March 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5475 5425 5540 5570
