| The National Stock Exchange (NSE) Nifty on Monday made smart gains to close the trading session at 2098.25, up 0.78 per cent over its previous close. However, volumes were marginally lower at Rs 10,804 crore.
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| Tata Steel, SBI, Satyam and Reliance Industries were among the most actively traded futures contracts today. The Nifty February futures contract last traded at 2102.30 today.
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| A dealer from Sharekhan said volumes in the Nifty futures were the lowest during the current series at around 59,000 contracts compared to average volumes of 80,000 contracts.
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| The premium in futures fell to around four points from 13 points to the spot Nifty. The open interest in futures was marginally down by around one lakh shares.
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| The Nifty put-call ratio (PCR) shot up to 1.16 from 1.09 as puts added around four lakh shares and calls added around 0.5 lakh shares, he added.
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| Brokers said the indices have closed on a bullish note but missed a conclusive close above the all time highs on the Nifty as the 2120 levels eluded the bulls.
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| This threshold level will be the immediate resistance level to watch on an intraday basis in the coming session. Support on the downside will be seen at the 2074 levels on the Nifty in the coming session.
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| Traded volumes and the market breadth must remains positive to signal a sustainable uptrend in the coming days, they added. |
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