Hi,
Today, Nifty opened around 4905 , broke 4900 and came down to 4860 in the Morning session itself.by the time the IIP numbers are announced, around 11 clock, trading weak around 4840 level. IIP number is a shocker coming as a negative -5 and Nifty slided from there.Broke 4800 and came to 4780 level. In the afternoon, seemed like consolidating between 4790 and 4810.But Europe markets opened negative,it did not help.Nifty eventually closed around 4760 level. As i write this, 11.30.p.m, Europe markets closed negative and US Markets are trading negative. Tomorrow, it will be a flat or gap down opening for Asian markets. 4700 Put has highest OI and should see whether it holds.else there could be panic.
here is Nifty Option Chain on 12th Dec 11(Mon).
No comments:
Post a Comment