The September series on Thursday expired on a strong note as the Nifty October futures settled above 5,000 with significant premium to spot. The market undercurrent changed dramatically from bearish on the penultimate day to bullish on the day of expiry, as traders rolled over long positions in the Nifty October futures. The market profile suggested a double distribution day, as other time-frame traders
As expected, the Nifty September futures staged a significant pullback above 4,900 as European leaders discussed plans to ease the region’s debt crisis. The top contributors to the index,
The Nifty September futures maintained support at 4,800 and closed at 4,835, down 49 points, on concern that policy makers worldwide might not be able to avert another recession. The market
The entry of a new set of players in the derivatives segment in the last few days and initiative buying from other time frame traders helped the Nifty move out of the resistance to close at 5,140.
As expected, the September futures moved in line with our price-based projections, facing resistance above Friday’s low of 5,064 and getting support at 5,019. However, the futures witnessed a
After a minor pullback at 5,040, the Nifty September futures flirted with the previous day’s low of 4,901 and closed in a Doji pattern on short covering at the lower levels. The steep fall from
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