Nifty remained dull on Monday - Microsec

Nifty remained dull on Monday but there was good momentum in the mid cap segment of the market. The Nifty is likely to consolidate between 6200 and 6400 in the short term.

Nifty Call options of strike 6400 added open interest by 21,842 lots while Nifty Put options of strike 6300 had a build up of 20,910 lots.

Nifty December Put Call ratio (OI) rose to 1.31 with the total open interest in Call options at 731,634 lots and that in Put options at 959,482 lots.

Exide Industries, Federal Bank, Jindal Steel & Power, JP Power and Adani Enterprises appear strong while Dr Reddy's Laboratories, Infosys Technologies, Lupin Ltd, Maruti Suzuki and PTC India appear weak.

Volatility Index rose marginally by 1.50% from 16.02 to 16.26.

Source : Equity Bulls

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