Nifty closes flat at 5906.15 - Microsec

Nifty opened lower on Monday and fell to make a low of 5826. It however, recovered all the losses and closed flat. The index is likely to be range bound between 5700-5970 in the short term. A move beyond 5970 would open the doors for 6100.

Nifty Call options of strike 6200 added 14,798 lots to open interest while Nifty Put options of strike 5200 had a build up of 8,075 lots.

Nifty Put Call ratio (OI) stands at 1.08 with the total open interest in Call options at 1,176,593 lots and that in Put options at 1,273,468 lots

ITC, Biocon, Cairn India, Asian Paints and OFSS appear strong while Shree Renuka Sugars, Aurobindo Pharma, Axis Bank, DLF Ltd, Bharat Forge, Future Retail and ICICI Bank are likely to remain weak.

Volatility Index rose by 2.67% from 26.13 to 26.83.

Source : Equity Bulls

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