Thursday, November 8, 2012

Derivative Market View - 8-11-2012

 Nifty futures opened flat, and it pulled higher above 5800 levels to make a high of 5818.8 and finally closed below 5800 levels at 5793.25 with a premium of 33.15 points to the spot closing of 5760.1

 India VIX has corrected by 4.6% to close at 14.5 levels; after the presidential elections verdict was out.
 All sectors has ended positive with increased participation in midcap and high beta stocks. Banking, Cement and Telecom sector witnessed maximum OI action.
 Nifty futures has closed near 1 month high and the resistances are placed at 5855/5880 levels while on the downside supports are placed at 5730 and 5690 levels.



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