The October series on Tuesday expired on a strong note as the Nifty November futures settled above 5,200 with significant premium to spot. We had indicated strong momentum above 5,200 on October 20, but it could not happen due to weak global markets in two consecutive trading sessions. The market undercurrent on Tuesday changed dramatically from bearish (after 25 bps rate increase) to bullish after
The Nifty October futures failed to move above the resistance zone of 5,150-5,160 for the fourth time in the last seven trading sessions, and closed near the day’s low, as other timeframe
The Nifty opened below 5,100 on weak global cues, but closed above 5,100 after getting support at 5,030. The trading pattern in the Nifty October futures points at lower-level initiative buying
After a gap-down opening at 5,053, and moving down to the day’s low of 5,013, the Nifty October futures closed in a Doji pattern, as the day timeframe traders turned buyers at the lower
The Nifty failed to sustain above the strong resistance at 5,160 and closed at 5,118 after getting support at 5,080. We had said in this column in our Sunday edition that there was a possibility of
As expected, the Nifty opened on a weak note but moved up thereafter to settle at 5,141 following strong opening in the European markets. The key players on the index, Reliance Industries, Infosys,
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