In the short run now 5310 will act as immediate and strong resistance, whereas from the downside 5100 to act as major strong support.

NIFTY SNAPSHOT

Nifty futures closed at 5274 with the premium of 4 points over the spot closing of 5270.

Nifty Feb futures added close to lakh shares, indicates indecision from the traders point of view as Nifty has not added much open interest in last 3 sessions.

Nifty options, 5300 call open interest declined, whereas 5400 call added 2 lakh shares indicating some sort of shifting in call writing positions with the possibility of nifty crossing 5300 levels.

Open interest put call ratio (PCR) for Nifty stood at 1.52 vs. 1.45 levels; Volume put call ratio (PCR) for Nifty stood at 0.95 vs. 0.92 levels.

NSE volatility index ended 4% up at 23.69 vs. 22.89 levels; IV for ATM Options stood at 21-22 levels.

OPTIONS SUMMARY

As per options scenario intraday wise, Nifty has strong resistance in 5300-5320 zone, whereas the immediate support for Nifty is placed at 5200 levels.

STOCK FUTURES

Long positions were witnessed in stocks like ABAN AND BHARTI.

Short positions were witnessed in stocks like ASOK LEYLAND AND RCOM.

Stocks to watch out from the long side for today are EDUCOMP AND ANDHRABANK.

Stocks to watch out from the short side for today are RCOM AND DELTA CORP.