The Indian market is likely to consolidate on Wednesday, tracking muted global cues. The Nifty futures closed positively with gains of 0.15% at 25,956 levels on Tuesday. On the options front, the maximum Call open interest (OI) is placed at the 27,000 strike, followed by the 26,500 strike, while the maximum Put OI is at … Read more
The Indian market is expected to trade higher on Tuesday, tracking positive global cues. The Nifty futures closed positively, gaining 0.57% at 25,915 levels on Monday. The India VIX rose by 7.78%, closing at 13.78. On the options front, the maximum Call OI is at the 27,000 strike, followed by the 26,000 strike, while the … Read more
HDFC Bank witnessed a short covering in the August series while a significant short build up was seen in SBI as the Bank Nifty gained 0.5%, settling at 50,889 mark while the PSU Bank index was down by 2.6%. The Nifty 50 index gained 3.1%, settling at 25,152 witnessing a 77% rollover for the next … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty Future closed negative with losses of 2.50% at 24,094 levels on Monday. India VIX was up 42.63% from 14.40 to 20.42 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,000 strikes while … Read more
“And we are now standing at 50-day moving average, which comes at 23,850 and we made the low around those levels 23,900 on Nifty futures, so that is the important support for the market. It is very difficult to conclude whether markets will go up or down because it is a news driven environment,” says … Read more
“So, we will wait for a breakout or breakdown for market to decide in which direction it could trend for more 1% to 3%, but right now if we have a level based approach, then on Nifty if it breaks 24,700, then the view is negative and if on the upside Nifty breaks 25,050, then … Read more
Mumbai: Overseas fund managers raised their bearish derivative bets on India last week as a jump in crude oil prices in the wake of the Iran-Israel conflict and growing uncertainty about interest rate cuts in the US heightened risk aversion. The long-short ratio of foreign portfolio investors (or FPIs’) Nifty futures bets fell to 35.4% … Read more
