Nifty consolidates in 6260-6300 zone on expiry day - Microsec

Nifty continued to consolidate in the 6260-6300 zone on expiry day. The volumes are likely to remain absolutely dull in the next few trading sessions. The index is likely to remain in the zone of 6130-6415 in the next couple of weeks.

Nifty January Call options of strike 6500 added open interest by 17,631 lots while Nifty January Put options of strike 6300 had a build up of 17,839 lots.

Nifty January Put Call ratio (OI) stands at 0.93 with the total open interest in Call options at 425,966 lots and that in Put options at 395,421 lots.

CESC Ltd, Indian Overseas Bank, Titan Industries, Mcdowell-N and Infosys Technologies appear strong while Tata Motors, Biocon Ltd, Colgate Palmolive, Crompton Greaves, Lupin Ltd and M&M appear relatively weak.

Volatility Index fell by 4.49% from 15.58 to 14.88.

Source : Equity Bulls

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