Volatility Index rose by 0.56% - Microsec

Nifty fell again by 69 points on Friday and has now corrected by over 250 points from the high of 6415 made on Monday. The support levels for the index are at 6150 and 6040 while the resistance levels on the upside are 6250 and 6300.

Nifty Call options of strike 6200 had a build up of 23,786 lots while Nifty Put options of strike 6300 shed open interest by 15,799 lots.

Nifty December Put Call ratio (OI) fell to 1.05 with the total open interest in Call options at 810,764 lots and that in Put options at 851,467 lots.

Dena Bank, Mahindra & Mahindra, Ranbaxy Laboratories and Tata Motors appear relatively strong while Coal India, Divi's Laboratories, FRL, GMR Infrastructure, NHPC, HDFC Bank and Lupin Ltd appear weak.

Volatility Index rose by 0.56% from 17.74 to 17.84.

Source : Equity Bulls

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