Feb 25, 2013, 08.56 AM | Source: Moneycontrol.com
According to derivative report by ICICIdirect.com, the Nifty is likely to open flat on the back of flattish Asian cues. It is likely to trade in the range of 5820-5890.
, ICICIdirect.com |
After opening flattish, the Nifty traded choppy throughout the session. It finally closed flat. FIIs were net buyers in the cash segment to the tune of | 280 crore (provisional) while they were net sellers in index futures to the tune of | 699 crore. They, however, bought stock futures to the tune of | 371 crore. India VIX went down from 16.94 to 16.79 (down 0.9percent). In the options space, on the Call side, Nifty 6100 Call saw closure of 0.35 million shares whereas marginal additions were seen in 5800 and 5900 Call. On the Put side, Nifty 5700 Put added 1.2 million shares followed by the 5900 Put, which added 0.7 million shares.
Nifty: The Nifty is likely to open flat on the back of flattish Asian cues. It is likely to trade in the range of 5820-5890. The trading strategy would be to create short positions if the Nifty resists at around 5877 levels for targets of 5845 and 5830. On the other hand, one can also create long positions if it takes support at around 5820 levels.
Bank Nifty: The Bank Nifty is likely to trade in the range of 11950-12180.
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