The Nifty future shut shop at 4783.30 losing 125.60 points or -2.55 percent. Nifty future decreased 908000 shares in open interest, and came to a premium of 4.95 from 3.10.whereas cost of carry is 7.94 vs 17.35 down 54.25 percent. On the options front the OI PCR is at 0.66 vs 0.94, whereas the Volume PCR is at 0.85 vs 0.90. On the Volatility Front the Indian Volatility Index has ended at 28.61 % vs.26.58% gaining 7.51%.
Kotak Mahindra
consolidated with negative biasness in today’s trading session and made intraday low of 458. It now has resistance level at 480 and support level at 454. It is expected to remain in negative phase, and may test its support level in short term.
R - 480
S - 454
M&M
In today’s trading session, the stock consolidates with negative biasness and made a low of 712.In upcoming session some more bearish trend can be expected. It now has next resistance level at 738 and support level at 712. One may hold short position in it.
R - 738
S - 712
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