Friday, November 9, 2012

Derivative Market View 9-11-2012

 Nifty futures opened lower by 50 points on back of weaker global markets trading negative throughout the day , but took support at near to yesterday’s low of 5740 levels and finally closed at 5765.20 with a premium of 26.45 points to the spot closing of 5738.75.

 India VIX has further corrected by 1.99% to close at 14.22 levels; near to the bottoms levels of 13.5 it made in last week.
 Automobile, Oil & Gas, Pharma and Telecom sectors have witnessed some amount of volume participation in today’s trade. Banking and Realty were the only two sectors which ended positive with results to be an-nounced of SBI tomorrow and DLF on Monday.
 Nifty futures has retraced back from 5820 levels of the last month high, the resistances are placed at 5820/5855 levels while on the downside supports are placed at 5730 and 5690 levels.


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