The Nifty future shut shop at 5083.40 losing 42.80 points or 0.83 percent. Nifty future added 5,61,450 shares in open interest, and came to premium of 10.55 from premium of 7.70, whereas cost of carry is 4.74 vs. 3.23, up 46.75 percent. On the options front the OI PCR is at 1.01 vs. 0.94, whereas the Volume PCR at 1.24 vs. 1.16. On the Volatility Front the Indian Volatility Index has ended at 34.88% vs. 28.78% gaining 21.20%. 

Nifty Resistance - Nifty has first resistance level of 5210 & above this level the next resistance is 5560 mark. 

Nifty Support - Nifty has first support to the level of 4930 & below this level the next support is seen near 4780 mark.

The stock was consolidating during the trading hour and closed on a positive note. The trend presently in the stock is weak. The stock is now facing resistance at 473 which is the 50 day moving average of the stock and has support at 452. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.

R - 473

S - 452

INFOSYS opened below the previous closing and made intraday low of 2350.20. The stock now has resistance level at 2440 and support level at 2350. It is expected to consolidate and remain range bound, also breaching of support level may take the stock at lower level.

R - 2440

s - 2350

JINDAL STEEL AND POWER had volatile trading session today and closed with losses. The stock has now resistance level at 540 and may take support from the level of 500. It is expected to remain range bound in short term, breaching of support level may take it to lower levels.

R - 540

S - 500