India VIX falls to 21.06 - Microsec

Nifty continued to show signs of tiredness and corrected up to a low of 6032 before making an intra-day high of 6110. The index is likely to correct up to the 5900-5950 zone in the medium term. The medium term range might remain narrow between 5900 and 6150.

Nifty Call options of strike 6200 added 16,442 lots to open interest while Nifty Put options of strike 6000 had a build up of 14,340 lots.

Nifty Put Call ratio (OI) stands at 1.16 with the total open interest in Call options at 1,293,703 lots and that in Put options at 1,498,920 lots.

United Phosphorus, Apollo Tyres, Cairn India, Zee Entertainment and Tata Chemicals appear strong while PTC India, REC Ltd, TCS, Tata Steel and ICICI Bank are likely to remain weak.

Volatility Index fell sharply by 9.38% from 23.24 to 21.06.

Source : Equity Bulls

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