Market Snapshot as on May 02, 2011
Nifty clocked intraday volatility of 2.81%, which is higher than the long term average. Immediate support level lies at 5510 and resistance level lies at 5666 respectively. FII's bought INR 2624.11 and sold INR 3802.77 crores, whereas DII's bought INR 1812.46 and sold INR 1205.63 crores in the cash market respectively. Indian rupee weakened by INR 0.18 vis-a-vis USD.
Nifty Put Call Ratio is at 1.045
Call for May 04, 2011
Initiating a Short Trade with SL 5630
Optimal Short Level from 5585 till 5562 & Optimal Square Off Level 5535
for further details visit niftyquant <dot> blogspot <dot> com
Nifty clocked intraday volatility of 2.81%, which is higher than the long term average. Immediate support level lies at 5510 and resistance level lies at 5666 respectively. FII's bought INR 2624.11 and sold INR 3802.77 crores, whereas DII's bought INR 1812.46 and sold INR 1205.63 crores in the cash market respectively. Indian rupee weakened by INR 0.18 vis-a-vis USD.
Nifty Put Call Ratio is at 1.045
Call for May 04, 2011
Initiating a Short Trade with SL 5630
Optimal Short Level from 5585 till 5562 & Optimal Square Off Level 5535
for further details visit niftyquant <dot> blogspot <dot> com
In the Blogspot the SL mentioned is
5710 and here it is 5630. I assume
5630 is correct.