The Nifty Index in last trading session ended at 5938.10, up more than two percent. On the derivatives front we have seen that the Nifty Futures prices closed up with an overall increase of open interest and increase in the cost of carry, this is an indication of accumulation of long positions. On the options front the OI PCR has ended at 1.52 vs.1.32 whereas the Volume PCR has ended at 0.95 vs. 1.02. On the Volatility Front the Indian Volatility Index has ended at 20.41% vs. 21.24% losing 3.91%.

Nifty Futures closed at last trading session at 5944, & at that moment nifty seems to bullish if it will touch resistance level of 6000, else it looking bearish fro the support level of 5750.

The stock is consolidating from last many trading sessions after an up rally previously. It faces major resistance at 155.50, crossing of this level may continue its bullish trend while has support at 144, breach of this level will bring downward movement in the stock.

R- 155.50

S- 144

The stock today managed to cross its resistance and made a high of 374.75, now it has next major resistance at 377, crossing of this level will take the stock further upwards. One could go for buy on dip strategy in the stock till it breaches the levels of 345 in downside.

R - 377

S - 345