The Nifty Index in last trading session ended at 5833.90, down 0.59 percent. On the derivatives front we have seen that the Nifty Futures prices closed down with an overall increase of open interest and decrease in the cost of carry, this is an indication of accumulation of short positions. On the options front the OI PCR has ended at 1.26 vs.1.39 whereas the Volume PCR has ended at 0.83 vs.0.96. On the Volatility Front the Indian Volatility Index has ended at 21.35% vs. 21.71% losing 1.65%.

The Nifty futures closed and settled finally at 5835.90, down by -45.20 or -0.77 %. In today’s trading session it manages to trade above the 10 days and 50 days moving averages, from this level either side of movement would be expected.