March series has started with positive momentum on back of short covering and fresh buying interest seen in counters like Banking, Financial and Infra sectors. On Stock specific front, heavy weight counters like IDFC, ICICI, AXIS and TATA Motors witnessed huge buying interest. On Option front, 5,000 to 5,300 PE witnessed fresh writing and 5,300 to 5,500 CE witnessed fresh build of open interest. Concentration of PE and CE is being observed at 5,300 and 5,500 strike price. Market on Budget day is going to be very choppy and would be trading in a range of 5,300 and 5,500.
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 25th March, 2011 close at 27.8 which is 3.3% lower as compared to previous close, after touching an intraday high of 29.1 and low of 27.2
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