Volatility Index rose by 2.91% - 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 11,067 lots while Nifty Put options of strike 5700 added 15,987 lots to open interest.

Nifty December Put Call ratio (OI) stands at 1.05 with the total open interest in Call options at 812,670 lots and that in Put options at 856,106 lots.

PFC, Reliance Communications, Havells India, Infosys Technologies, OFSS, IDFC, Jaiprakash Associates, DLF and MRF Ltd appear relatively strong while ITC Ltd, GMR Infrastructure, Lupin Ltd and Reliance Industries appear relatively weak.

Volatility Index rose by 2.91% from 17.84 to 18.36.

Source : Equity Bulls

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