Last close 6343.45
Nifty closed down 24.95 points at 6307.90 while Nifty future closed at 6343.45, premium of 35.55 points. FIIs bought in Cash, net buy 962.71 Crore while DIIs sold in Cash, net sell 841.95 Crore. FIIs sold in Index Option, Stock future but bought in Index future, net sell 570.05 Crore..!!!
Yesterday FIIs bought 41630 contracts of Index futures and sold 38888 contracts of Index futures which come to net buy of 2742 contracts worth 87 Crores with net open interest increasing by 13288 contracts.
Considering all above facts it seems that FIIs booked little profit at higher levels….still holding longs.
World markets crashed amid a growing view that the Fed policy makers might just press the ‘QE exit’ button at its two-day policy meeting that starts on December 17.
Looking at Nifty options data and tracking world market and even SGX, it seems that market could open Gap down. We believe that market could again slide during initial hour of trading but sharp recovery from lower levels not ruled out…!!! We will see larger moves on upside if Nifty futures manage to sustain above 6359 during intraday.
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