NIFTY TIPS TARGET AND TREND FOR 8 Feb 2011

swati (Stock Analysis) (1702 Points)

07 February 2011  

Courtesy :- FREE INTRADAY TIPS


 

The Nifty Index in last trading session was once again not able to sustain at higher levels and ended flat below its 5400 mark at 5396. On the derivatives front we have seen that the Nifty Futures prices ended flat along with increase in the cost of carry, but witnessed slight decline in the open interest, Nifty Intraday Tips this is an indication that some short covering was witnessed from lower levels coupled with closure of longs near the resistance mark. On the options front the OI PCR is trading at 1.15 mark whereas the Vol. PCR is trading at 0.98 levels. On the volatility front the Indian Volatility Index (VIX) ended with gains of nearly a percent indicating volatility to continue in the coming days. . MCX Intraday Tips


 

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