VIX falls by 1.04% to 26.55 - Microsec

Nifty opened with a gap up after RBI reduced MSF rates by 50 bps on Monday evening. However, selling pressure emerged soon as Nifty failed to maintain the crucial level of 5970. It corrected and closed higher by just 22 points at 5928.40.

Nifty Call options of strike 6300 added 7,315 lots to open interest while Nifty Put options of strike 6000 had a build up of 5,779 lots.

Nifty Put Call ratio (OI) stands at 1.08 with the total open interest in Call options at 1,194,951 lots and that in Put options at 1,288,153 lots.

NTPC, ITC, ONGC, Punj Lloyd and Idea Cellular appear strong while Crompton Greaves, Tata Motors, Voltas Ltd, ACC, BPCL, Aurobindo Pharma and Andhra Bank are likely to remain weak.

Volatility Index fell by 1.04% from 26.83 to 26.55.

Source : Equity Bulls

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