The activities of foreign institutional investors (FIIs) with long build-up in the Nifty futures and short-covering in stock futures during the week ended September 13 augur well for the market. The Nifty is expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the downside, 4,940 is a healthy support level and, below that, 4,860 is the crucial support level....
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The FIIs long build-up in the Nifty futures and short covering in stocks futures during the week ended November 13 augur well for the market. The Nifty expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the down side the 4,940 is healthy support and below that 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due...
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FIIs long build-up in the Nifty futures and short covering in stocks futures during the week ended November 13 augur well for the market. The Nifty expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the down side the 4,940 is healthy support and below that 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to...
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The Nifty could not hold the 5,000 levels and closed at 4,989 on profit booking at the higher levels. Only five of the fifty index components of the Nifty gained which indicate broad base profit booking. If the Nifty breach the 4,940 levels tomorrow, it can move down around 4,860 levels.The Nifty November futures closed at 3 points discount to spot and shed 1.46 million shares in open interest (OI)...
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The share of SGX Nifty has risen from 2% in March to 5.9%.The growth rate of India’s premium benchmark stock index, Nifty, on the Singapore Stock Exchange (SGX) will be appreciably less as a result of extension of trading hours in domestic markets.The Securities and Exchange Board of India (Sebi) had last week permitted stock exchanges to begin the day as early as 9 am and keep the market open for...
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The Nifty closed above 4,700 levels, mostly due to intra-day short-covering in index heavyweights Reliance Industries, ICICI Bank and Infosys Technologies. However, the V-shape recovery in benchmark indices is unlikely to continue as the Nifty may face strong resistance above 4,750 levels.The Nifty November futures closed at a discount to the spot and shed 2.34 million shares in open interest, mostly...
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A breakout is more probable, since the market rarely range-trades inside 150-200 points for extended periods.The derivatives market continues to generate high volumes and see a build up of open interest. The spot market is range-trading at the moment but it seems carryover will be good.Index strategies Week on week, Nifty futures contracts have seen a rise of 15 lakh in open interest (OI). The CNXIT...
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The inability of the Nifty to open above 5060 on Thursday resulted in a broad-based selloff, highlighted by declining open interest in November futures along with a 25% jump in volumes. With Thursday’s decline of more than 1%, Nifty November futures closed at a discount to the underlying index for the first time in the past seven trading sessions. The November Put Call Ratio (PCR) also declined to...
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The Nifty convincingly closed above the 61.8 per cent retracement levels of 4,940 on short-covering. The V-shape recovery is expected to continue with the Nifty likely to complete 100 per cent retracement this week of its recent fall from 5,181 to 4,538. Options data suggest the index has strong support at 4,900 and is building fresh support at 5,000.The Nifty November futures closed at a premium to...
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The Nifty witnessed profit-booking above the 61.8 per cent retracement level of 4,940 and closed marginally above the trendline reversal level of 4,880. Technically, a confident crossover of 4,940 was crucial for the recovery to continue. Nifty futures and options data suggest we may see fresh correction if the Nifty slips below 4,860.The Nifty November futures closed at a discount to the spot and...
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