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Friday, 1 March 2013

NIFTY UPDATE

Nifty future opened positive and traded with slight negative momentum for entire session, to finally close down by 1.81% at 5692.
Overall breadth is positive as there were 18 advances vs. 134 declines in F&O segment.
Nifty futures may trade sideways with slight negative bias in short term. Nifty future supports lies at 5665. While resistance lies at 5770.
Among major sector indices, Banknifty futures closed down by 3.76% while Cnxit futures closed down by 0.37%.
Nifty futures have witnessed rollover of 54.46%.
Maximum rollover is witnessed in stock futures like Mcleadruss, Jswsteel, Bharatforg, Nhpc and Mcdowell-N.
Put Call Ratio (Volume) is at 0.85.
Volatility index closed at 16.23 down by 6.51%.
Among Nifty options data of March series, significant buildup among put strike is seen at 5700, which may act as support.
Significant OI build up is witnessed in Nifty Feb series 5800 and 5900 call strikes.
Among Nifty Feb put options, 5600 and 5700 strike has witnessed OI buildup.
Infrastructure sector closed down by 7.7%, losses were contributed by Gmrinfra, Gvkpil, Irb and Ivrclinfra.
Power sector stocks have witnessed selling. Losses are witnessed in Adanipower, Jppower, Jswenergy, Ptc, Relinfra, Rpower and Suzlon.
Automobile, Fertilisers and Textile sector stocks witnessed maximum OI action.

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