Hi,
Today,Nifty is volatile in a very limited range of 50 points. Nifty opened around 5050 and came to a low of 5003 by 11.30 a.m. Moved again back to 5050 by 1 p.m. fallen swiftly to 5020 by 2 p.m. and moved back to 5045 level by close.
here is Nifty Option Chain of 05th Dec 11(Mon). Puts have not seen any significant OI build up. 5100,5200,5300, 5400 call have seen good OI Build up. There is important data point on 05th Dec, after Indian market is closed. S & P has warned to downgrade the European countries and the EFSF , if it is NOT satisfied with the measures at the forthcoming Euro Summit on 09th Dec. I think, based on how the outcome of this Euro summit is perceived, there will be big movements , either positive or negative in the Equity markets around the world.
No comments:
Post a Comment