NIFTY TIPS TARGET AND TREND FOR 9 MARCH 2011

swati (Stock Analysis) (1702 Points)

08 March 2011  

Courtesy :- FREE INTRADAY TIPS 


The Nifty Index in last trading session ended with gains of 1.05% at 5520.80. On the derivatives front we have seen that the Nifty Futures prices increased along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. On the options front the OI PCR is trading at 1.30 vs. 1.26 whereas the Volume PCR is at 1.02 vs. 0.94. On the Volatility front the Indian Volatility Index (VIX) ended with decline of 6.15% at 23.67% indicating some ease off in the markets.
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