Nifty may face stiff resistance at 5980-6030: Aditya Birla

According to derivative report by Aditya Birla Money, India VIX corrects 1percent at 15.60, still well above 15 levels, one should 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 5980-6030.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney SME Special
moneycontrol.com

Home » News » Brokerage Recos - F&O

Feb 21, 2013, 09.38 AM | Source: Moneycontrol.com

Nifty may face stiff resistance at 5980-6030: Aditya Birla

According to derivative report by Aditya Birla Money, India VIX corrects 1percent at 15.60, still well above 15 levels, one should 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 5980-6030.

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

Nifty may face stiff resistance at 5980-6030: Aditya Birla

According to derivative report by Aditya Birla Money, India VIX corrects 1percent at 15.60, still well above 15 levels, one should 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 5980-6030.

Post Your Comments

Share Cancel

(more)

, Aditya Birla Money |

According to derivative report by Aditya Birla Money, India VIX corrects 1percent at 15.60, still well above 15 levels, one should 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 5980-6030.

Nifty PCR_OI marginally corrected to 0.92, with 6000 and 6100 CE witnessing unwinding of 1.5 and addition of 1 lakh shares respectively; total OI 75 and 83 lakh shares. On other hand 6000 PE saw addition of 3.9 lakh shares with total OI at 34 lakh shares (PCR‐OI of 6000 is still below 1 at 0.42) implying immediate short term NIFTY may not go below strong support band at 5880‐5930. India VIX corrects 1percent at 15.60, still 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 5980-6030.

FIIs turned buyers in NIFTY Fut. Rs 366 Cr. (Buying emerging in Index Fut.; last week sold 3220 Cr., some fresh longs); post one day buying resumes in INDEX Options 133 Cr ( 7875 Cr. bought in last 15 sessions, hedging startes, however quantum is less), stock futures continue to be buyers 128 Cr; turned buyers in cash to the tune of 433 Cr. volumes and participation picking up in cash front, on F & O front hedging resumes but quantum is less, as VIX correcting marginally from six month high, expect to VIX stabilize here, implying Nifty may continue to trade in range 5870-6030 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 stiff resistance at 5980-6030: 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