Indian VIX falls by 9.17% - Microsec

Nifty continued the rally from where it left on Wednesday and rose by a whopping 124 points on the expiry day of August series of F&O contracts.

A move beyond 5530 could lead to reversal of the medium term downtrend and the index could move higher up to 5750 odd level. However, a failure to move beyond 5530 could lead to resumption of the downtrend.

Nifty Put Call ratio (OI) stands at 1.11 with the total open interest in Call options at 1,737,929 lots and that in Put options at 1,924,358 lots.

Reliance Communications, State Bank of India, Karnataka Bank, Dena Bank, Crompton Greaves, Colgate Palmolive, Indian Hotels and IDFC appear relatively strong while Sesa Goa, Adani Power, Ashok Leyland and Future Retail are likely to remain weak.

Volatility Index fell by 9.17% from 32.38 to 29.41.

Source : Equity Bulls

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