Nifty may face resistance at 5960-6020: Aditya Birla

According to derivative report by Aditya Birla Money, India VIX spurts 6% up at 16.29, new six month high well above 15 levels, we have to watch this level carefully if it remains above 14.5‐15.5 levels, Bears will have upper hand and Nifty may face stiff resistance at 5960-6020.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Brokerage Recos - F&O

Feb 19, 2013, 10.30 AM | Source: Moneycontrol.com

Nifty may face resistance at 5960-6020: Aditya Birla

According to derivative report by Aditya Birla Money, India VIX spurts 6% up at 16.29, new six month high well above 15 levels, we have to watch this level carefully if it remains above 14.5‐15.5 levels, Bears will have upper hand and Nifty may face stiff resistance at 5960-6020.

Like this story, share it with millions of investors on M3

Nifty may face resistance at 5960-6020: Aditya Birla

According to derivative report by Aditya Birla Money, India VIX spurts 6% up at 16.29, new six month high well above 15 levels, we have to watch this level carefully if it remains above 14.5‐15.5 levels, Bears will have upper hand and Nifty may face stiff resistance at 5960-6020.

Post Your Comments

Share Cancel

(more)

, Aditya Birla Money |

According to derivative report by Aditya Birla Money,  India VIX spurts 6% up at 16.29, new six month high well above 15 levels, we have to watch this level carefully if it remains above 14.5‐15.5 levels, Bears will have upper hand and Nifty may face stiff resistance at 5960-6020. 

Nifty PCR_OI declined at 0.93 (below 1) with 5900 and 6000 CE witnessing addition of 3 and 12 lakh shares respectively; Total OI 47 and 85 lakh shares. On other hand 5900 PE saw unwinding of 2.7 lakh shares with total OI at 66 lakh shares ( PCR-OI of 5900 declined to 1.68 from 2) implying immediate short term Nifty may find stiff resistance 5950-6020.

India VIX spurts 6% up at 16.29, new six month high well above 15 levels, we have to watch this level carefully if it remains above 14.5‐15.5 levels, Bears will have upper hand and Nifty may face stiff resistance at 5960-6020. 

FIIs continue to be sellers in Nifty Fut. Rs 416 Cr. (selling resumes in Index Fut.; last week sold 2800 Cr., some fresh shorts); buying continues in INDEX Options 105 Cr (7875 Cr. bought in last 15 sessions, hedging continues, however quantum is less), stock futures continue to be buyers 387 Cr; continue to be buyers in cash to the tune of 143 Cr. volumes and participation continuously coming down in cash front, on F & O front hedging continues quantum is less, as VIX has reached six month high, expect to remain on higher side, implying Nifty may find resistance at 5960-5980 levels.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Nifty may face resistance at 5960-6020: Aditya Birla

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login