India's VIX rose sharply by 10.76% - Microsec

Selling pressure continued as Nifty fell by another 98 points on the first trading day of the week. The index is now close to the immediate support level of 5680-5700 and a breach of same would take it lower up to 5500 in the medium term. On the upside, 5920 and 6000 remain key resistance levels.

Nifty Call options of strike 5800 added 13,727 lots to open interest while Nifty Put options of strike 5400 had a build up of 13,428 lots.

Nifty Put Call ratio (OI) stands at 1.01 with the total open interest in Call options at 1,037,373 lots and that in Put options at 1,049,988 lots.

Colgate Palmolive, HCL Technologies, Jindal Steel & Power and Maruti Suzuki appear relatively strong while Coal India, Crompton Greaves, ICICI Bank and Dr Reddy's Laboratories are likely to remain weak.

Volatility Index rose sharply by 10.76% from 24.06 to 26.65.

Source : Equity Bulls

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