Nifty is still not sustaining at higher levels & after every rally it witnesses the profit booking. Today Nifty made the modest recovery from the support level and closed with gaining 78 pts at 5078.60. Analysts suggest the Nifty may continue to face resistance in the 5100-5150 range. So for tomorrow we can expect it might move upward from this level. Nifty futures saw a marginal open interest (OI) addition of 1.26-lakah shares, with futures continuing to trade at a discount of over 4 points to the index. The Nifty March series PCR inched up to 1.51 levels.
However, the market breadth remained marginally positive but the market trend remaining undecided, the readers are therefore, advised to trade with caution and avoid large positions till clear market trend emerges.
Ref : Nifty Daily Reports
Dear Friend,
What we will do with March series pcr 1.51 in june series