Today stock Market again closed under pressure, Sensex closed at 18494, The index touched a high and a low of 18,540.67 and 18,390.57 respectively. While Nifty index closed at 5550, down by 41 points, The index touched high and low of 5,568.20 and 5,521.95, respectively.
Nifty Future Trend
Nifty June 2011 futures closed at 5,563.00, at a premium of 12.65 points over spot closing of 5,550.35, while Nifty July 2011 futures were at 5,575.00 at a premium of 24.65 points over spot closing. The near month June 2011 derivatives contract expires on Thursday, June 30, 2011. Nifty June futures saw addition of 6.88% or 1.64 million (mn) units, taking the total outstanding open interest (OI) to 25.51 mn units.
Nifty Option Trend
The maximum Call OI outstanding was at 5600 SP (5.00mn) and that for Puts at 5400 SP (6.49mn). The respective Support and Resistance levels are: Resistance 5571.71-- Pivot Point 5546.83-- Support 5525.46. The Nifty Put Call Ratio (PCR) OI wise stood at 1.44 for June -month contract.
For All Stock tips, Nifty tips, F&O tips - Click Here
All Nifty Future tips, Nifty option tips, F&O tips, nifty trend you can get from here.
