The Nifty Index in last trading session ended at 5885.70 almost flat. On the derivatives front we have seen that the Nifty Futures prices closed down with an overall decrease of open interest and decrease in the cost of carry, this is an indication of closure of long positions. On the options front the OI PCR has ended at 1.40 vs.1.41 whereas the Volume PCR has ended at 1.13 vs. 1.08. On the Volatility Front the Indian Volatility Index has ended at 20.32% vs. 20.36% losing 0.20%.
Nifty Intraday Tips 8 April 2011
ACTION PRICE STOP LOSS TARGET-1 TARGET-2
BUY AT 5899 5875 5908 5917
Nifty Intraday Levels for 8 April 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5875 5865 5917 5925
