Nifty has stiff resistance at 5980-6030
Nifty has stiff resistance at 5980-6030
Nifty PCR_OI flats at 1.05 (higher opening in last 3 months), with 5800 and 5900 PE saw addition of 3.5 and 5.03 lakh shares total OI 54 and 38 lakh shares on other hand 5900 and 6000 CE saw addition of 1 and 2.5 lakh shares with total OI at 46 and 44 lakh shares (PCR‐OI of 5800 and 5900 at 1.45 and 0.75) implying immediate short term Nifty will trade in range at 5750-6000 levels. India VIX up by 4 percent at 14.33 above 14 levels, we have to watch for if moves above 15‐15.5 and sustains above this levels, Bears will be back in action Nifty may feel stiff resistance higher levels at 5980-6030 levels.
FIIs continue to be buyers in Nifty Fut. Rs 7 Cr. (negligible volumes); also turned sellers in May series Index Options sellers 316 Cr (hedging unwound as VIX rebounding 14.5 levels, quantum is too less, implying FIIs expect volatility to remain range bound), stock futures continue to be sellers 388 Cr; buying continues in cash with momentum maintained 615 Cr., with some fresh longs in Nifty continue along with Cash buying seeing higher momentum, Nifty may test higher levels 5900‐5980 levels. Over all PE writers build aggressive positions; Index may find support at 5760-5830 levels.
stock
tips today, stock cash tips today,free share market tips for today,
free stock tips , share market tips, intraday tips, free stock tips,
free trial for share market tips, free equity tips, equity tips, stock
future tips, stock cash tips, hni tips, premium tips, free premium
tips,Commodity tips, share market tips for today.
For more detail and to know about our free trial services you can call us on 09200009266 or 0731-6458808
For more detail and to know about our free trial services you can call us on 09200009266 or 0731-6458808
1 comments:
Thanks a lot for expressing a positive opinion on a manufacturing stock after a long time....NIFTY OPTIONS TIPS
Post a Comment