Volatility Index rose by 1.05% - Microsec

Nifty consolidated between 5830 and 5920 on Tuesday and appears likely to test 5970-6000 zone in the extreme short term. On the downside, 5700 is likely to act as a good support while on the upside a move beyond 6030 could take the index higher up to 6100 and even 6300 in the next couple of weeks.

Nifty Call options of strike 6300 had a build up of 14504 lots while Put options of strike 5800 added 21091 lots to open interest.

Nifty Put Call ratio (OI) stands at 1.33 with the total open interest in Call options at 1,304,025 lots and that in Put options at 1,740,496 lots.

Syndicate Bank, Dena Bank, Tata Global, Tata Power, UCO Bank, Havells India, appear strong while Ultratech Cement, BHEL, United Phosphorus, Cipla Ltd and BPCL are likely to remain weak.

Volatility Index rose by 1.05% from 29.44 to 29.75.

Source : Equity Bulls

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