Hi,
Today Nifty Opened around 4690 and traded in the range of 4670 to 4690 well into the Afternoon session.It looked stable enough and gave the impression it may close around these levels. However Around 2 clock encountered selling pressure and came below 4650.Touched a low of 4610 and closed around 4625 . Thus the last trading day of the year ended on a bearish note.
here is Nifty Option Chain of 30th Dec 11(Fri). For the Jan series , 5000 call has highest open interest and 4900,4800, 4700 calls have well distributed OI. In Puts 4500 has highest open interest.
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