The Nifty future shut shop at 5068.25 gaining 57.95 points or 1.15 percent. Nifty future increased 7, 54,500 shares in open interest, and came to premium of 3.95 from 6.95 whereas cost of carry is 56.24 vs -32.18, down 274.78 percent. On the options front the OI PCR has no change, whereas the Volume PCR at 1.48 vs. 1.14. On the Volatility Front the Indian Volatility Index has ended at 26.66% vs. 27.63% loosing 3.51%

The stock is consolidating from last many trading sessions. Its next resistance is at 1039, crossing of this level will take the stock further upwards in near term. It is expected to consolidate with positive biasness and may test its resistance level in coming trading sessions.

R - 1039

S - 980

The stock has closed in green, in order to be in an upward trend it has to trade and consolidate above the 10 and 50 period moving averages, from this level further upside of movement would be expected. One can go for long position in it at 237 for the target of 255.

R - 237

S - 213