India VIX rose by 3.81% - Microsec

Nifty moved between 5890 and 5950 on Friday and closed almost flat. The index is likely to be range bound in the 5700-5970 range in the short term. A move beyond 5970 might see it move higher up to 6030 followed by 6100.

Nifty Call options of strike 6100 added 14,479 lots to open interest while Nifty Put options of strike 6000 had a build up of 4,456 lots.

Nifty Put Call ratio (OI) stands at 1.09 with the total open interest in Call options at 1,134,298 lots and that in Put options at 1,237,752 lots.

Titan Industries, Tech Mahindra, OFSS, Punj LLoyd and IOC appear strong while Dish TV, Sun Pharma, MRF Ltd and Future Retail Limited are likely to remain weak.

Volatility Index rose by 3.81% from 25.17 to 26.13.

Source : Equity Bulls

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