Wednesday, November 7, 2012

Derivative Market View - 7-11-2012

 Nifty futures opened flat, and it pulled higher in the last half an hour of trade to close near today’s high to close at 5766.65 with a premium of 42.25 points to the spot closing of 5724.4
 India VIX has gained by 4% to close at 15.2 levels; with the events like US elections getting closer for the outcome, we expect volatility to improve from current levels.

 The breadth was positive with 112 advances and 46 declines in the derivatives segment. Realty and Oil &gas sector has seen significant long open interest buildup.
 Nifty futures resistances are placed at 5810/5850 levels while on the downside supports are placed at 5710 and 5670 levels

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