Volatitily Index closes at 20.18 - Microsec

Nifty consolidated in a narrow band of 6165-6215 on Monday after rallying sharply on Friday last week. The index is likely to move in the 5900-6300 range in the next couple of weeks. Immediate supports are at 6130 and 6070 while resistances are at 6240 and 6300.

Nifty Call options of strike 6300 added 7,314 lots to open interest while Nifty Put options of strike 6200 had a build up of 16,604 lots.

Nifty Put Call ratio (OI) stands at 1.27 with the total open interest in Call options at 1,267,917 lots and that in Put options at 1,609,941 lots.

Sun TV, Tata Chemicals, Aditya Birla Nuvo, Bank of India, Coal India, Vijaya Bank and Yes Bank appear strong while Bharti Airtel, BHEL, Jaiprakash Power, BPCL and ITC Ltd are likely to remain weak.

Volatility Index rose by 0.30% from 20.12 to 20.18.

Source : Equity Bulls

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