#NIFTY - DATA AND NEWS Nifty opened positive but failed to cross previous days high of 8279 levels and traded inside the previous days trading range. The index was hovering between negative and positive territory for most part of the day with less trading volumes and finally closed flattish near to 8250 zones. It is struggling to close above 8250 zones from last four trading sessions and now for the day, it has to hold above 8250 levels to continue the up move towards 8350 then 8380 levels whereas on downside holding below 8220 may drag index to 8175 and 8150 levels. NOTE : Nifty Future opened flat to positive and almost traded inside the trading range of the previous session. During the day it fell down to 8282 zones but towards the end it recovered well from lower levels and closed near day’s high levels. Looking at the option data, maximum Put OI is at 8000 followed by 8200 strike while maximum Call OI is at 8400 followed by 8600 strike. Now it has to continue to hold above 8280 zones to witness buying interest towards 8375 and higher levels. On the downside support is at 8220 levels and below that profit booking may drag the index towards 8200 then 8180 levels.
Posted on: Wed, 31 Dec 2014 03:26:26 +0000
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