Nifty Levels for 16 December
PIVOT SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5900 5858 5823 5935 5977
Nifty Future Levels for 16 December
PIVOT SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5908 5860 5826 5942 5989
Market View for Tomorrow
Today Nifty ended in the red territory losing nearly a percent below its 5900 mark at 5892.30. On the derivatives front we have seen that the Nifty Futures prices ended in the red zone along with shredding of open interest and decline in the cost of carry, this is an indication of unwinding by the longs. On the options front we have seen that the OI PCR has declined to 1.20 vs. 1.31, this has been seen mainly on account of shredding of open interest on the puts front.
