Hi,
Nifty today, made wild swings and closed positive in the end.It opened gap down around around 4780 and slipped to touch 4760 by 11 or so. It recovered and went above 4800 up to 4850 by 2. Selling pressure kicked in and Nifty came back down to 4480 by 2.30. Again it picked up steam and moved to 4840 and finally closed around 4830.
As i write this, 9.40 p.m, Europe and US markets on a roll. Risen anywhere between 3% to 5%. There is a positive news about global central banks coordinated action to boost dollar liquidity.Expect Nifty to open gap up at least by 100 points tomorrow. SGX Nifty is at 4950.
here is Nifty Option Chain of 30th Nov 11(Wed). 4700 put has seen good built up and has about 85 lakhs OI which may be construed as good support for coming sessions.
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