India VIX fell by 0.93% - Microsec

Nifty continued to move higher and rallied by another 79 points on the first day of the week. The index is likely to find resistance near the 5700-5750 zone in the near term.

Nifty Call options of strike 5800 had a build up of 12914 lots while Put options of strike 5500 added 30873 lots to open interest.

Nifty Put Call ratio (OI) rose to 1.24 with the total open interest in Call options at 1,107,142 lots and that in Put options at 1,371,750 lots.

Voltas Ltd, Reliance Communication, DLF Ltd, Karnataka Bank, Colgate Palmolive, IDFC and Dena Bank appear strong while Sesa Goa, Financial Technologies, Adani Enterprises and Tata Chemicals are likely to remain relatively weak.

Volatility Index fell by 0.93% from 27.81 to 27.55.

Source : Equity Bulls

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