The Nifty future shut shop at 5155 gaining 37.80 points or 0.74 percent. Nifty future decreased 375550 shares in open interest, and came to premium of 1.75 from discount of 7.95 whereas cost of carry is 121.05 vs -28.22, down 528.95 percent. On the options front the OI PCR is 1.27 vs 0.96, whereas the Volume PCR at 0.84 vs. 0.76. On the Volatility Front the Indian Volatility Index has ended at 27.64% vs. 27.86% loosing 0.79%

The stock managed to breach its sup[port level and had a downfall as expected. One could hold the short positions in the stock as it is expected to move till the levels of 1675-1650 in coming trading sessions.

R- 1770

S - 1650

The stock is moving in down trend after breaching its support levels. Now its major support is at 375, breach of this level will take the stock further down else it may also bounce back from major support levels.

R - 378

S - 365