Volatility Index fell marginally by 0.13% to 29.71 - Microsec

Some profit booking emerged on Thursday as Nifty fell by 62 points. The index is likely to move in the range of 5700-6000 in the extreme short term. However, a breach of 5680 on the downside might see further downside up to 5450 in the next couple of weeks.

Nifty Call options of strike 6200 had a build up of 18,858 lots while Put options of strike 5500 added 9,306 lots to open interest

Nifty Put Call ratio (OI) stands at 1.32 with the total open interest in Call options at 1,338,403 lots and that in Put options at 1,760,217 lots

Tata Power, CESC Ltd, OFSS, Tata Communication and Cairn India appear relatively strong while BHEL, Tata Chemicals, Reliance Capital, Tata Steel, ACC Ltd, Adani Enterprises and Adani Power are likely to remain weak

Volatility Index fell marginally by 0.13% from 29.75 to 29.71.

Source : Equity Bulls

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