Coming to the end of April Series...A close of 5232 or above !!

Throughout the series, Nifty was confined to a very tight range with heightened intra-day volatile moves towards the end of the series.

Today is the expiry of the derivative series for the month and the expectation is that Nifty will close around 5232 levels or higher.

Bulls took the upperhand in the beginning of the series, but could not make it into a strong rally.

The expected range is around 100 points for the day and more so a close of 80 points above the day's low.

NIFTY
Open	5202.00		Puts	Calls	IV Skew	OI Skew
High	5202.00		4800	5600	CALL	PUT
Low	5202.00		4900	5500	CALL	PUT
Close	5202.00		5000	5400	CALL	CALL
Prev Close	5202.00		5100	5300	CALL	CALL
##			5200	ATM	CALL	CALL
Underlying Index: NIFTY 5202.00  As on Apr 26, 2012 09:07:07 IST

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