The Nifty Index in last trading session ended at 5861.35 with gains of near half percent. On the derivatives front we have seen that the Nifty Futures prices surged along with an overall decrease of open interest and increase in the cost of carry, this is an indication of closure of short positions. On the options front the OI PCR has ended at 1.34 vs. 1.96 whereas the Volume PCR has ended at 1.30 vs. 1.03. On the Volatility Front the Indian Volatility Index has ended at 20.11% vs. 22.18% losing 9.33%.
Nifty Intraday Tips Monday 4 April 2011
ACTION PRICE STOP LOSS TARGET-1 TARGET-2
BUY AT 5847 5800 5858 5867
Nifty Intraday Levels for Monday 4 April 2011 || Daily Nifty Technical View ||
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5800 5755 5858 5880
