Nifty Trading Strategies and Share Tips for tomorrow

The Nifty future shut shop at 4938.05 losing 128.70 points or 2.54 percent. Nifty future increased 10,61,450 shares in open interest, and came to discount of 6.10 from premium of 10.15, whereas cost of carry is -6.43 vs. 9.16, down 170.20 percent. On the options front the OI PCR is at 0.97 vs. 1.06, whereas the Volume PCR at 1.04 vs. 1.05. On the Volatility Front the Indian Volatility Index has ended at 27.45% vs. 25.48% gaining 7.73%.

Support & Resistance Levels for Tomorrow

CIPLA
R2             R1          PP        S1          S2
297.63   293.62   287.38   283.37   277.13

DLF
R2            R1          PP         S1          S2
190.77   183.88   178.57   171.68   166.37

ICICI BANK
R2            R1           PP          S1          S2
954.83    932.32    919.48    896.97   884.13

SESA GOA
R2            R1          PP           S1           S2
238.43    235.12    231.13    227.82    223.83

WIPRO
R2            R1           PP           S1           S2
359.1     351.7      344.85     337.45     330.6