March 14, 2012 / 11:48 AM / 6 years ago

India's Nifty futures end up; can head towards 5,700

March 14 (Reuters) - Following is a snapshot of market
activity in the derivatives section of the National Stock
Exchange on Wednesday.	
           	
                     Current       Previous       % Change	
 Nifty Spot         5,463.90       5,429.50        0.63
 Nifty March        5,506.10       5,468.40        0.69
 Open Interest      25,770,750     25,084,500      2.74
 	
 PUT-CALL DATA                                    
 OI Put-Call Ratio  1.21          1.14            6.14
 Volume Put-Call    1.14          1.13            0.88
 Ratio                                            
 	
 VOLATILITY                                       
 NSE Volatility     24.72         24.75           -0.12
 Index                                            
 Call ATM IV (30D)  24.74         22.62           9.37
 Put ATM IV  (30D)  23.05         24.97           -7.69
   	
    For details, click on and.	
     ITC <ITCH2:NS>, IFCI <IFCIH2:NS>, Tata Motors <TAMOH2:NS>,
HDFC Bank <HDBKH2:NS> and Educomp Solutions <EDSOH2:NS> gained
in open interest for March contracts.	
     IVRC <IVRCH2:NS>, GVK Power <GVKPH2:NS>, Hindalco
<HALCH2:NS>, Lanco Infratech <LAINH2:NS> and Jaiprakash
Associates <JAIAH2:NS> were the top open interest losers.	
    "Bargain buying emerged at lower levels as Nifty bounced
back from the lows," said Shanu Goel, senior research analyst at
Bonanza Portfolio Limited.	
    He said that markets are likely to remain highly volatile as
the RBI's monetary policy review meeting and the federal budget 
are awaited, Goel said.	
     "A lot of longs are there in the system. If 5,350, which
was a strong resistance last week, holds on Nifty, then the
market can head towards 5,650-5,700 in the next 1-2 weeks," said
Ashish Chaturmohta, vice president of technical and derivatives,
IIFL Wealth.	
	
 (Reporting by Manoj Dharra and Abishek Vishnoi; Editing by
Subhadip Sircar)

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