Traders' rollover of bearish F&O bets hints at a gloomy December

Mumbai: Commercial promoting breast betting on the band from December when the recent market has no control within the continuous trade with foreign investors, inflation, debt repayment India’s economic downturn and worsening economic growth in the US Federal Reserve.

Nifty rollovers in the short term stood at 82.57%, in line with the three-month average of 82.31%, analysts said. The November futures and options Contractors expired Thursday.

“Rollovers has a short side and the positions are close to short. The market is very low and the current situation is shallow,” said Siddarth Bhamre, director-alternative Investments and research at InCred Equities. “Until Nifty is no more than 17,800 I can’t tell you to extend the length of time.”

The Nifty fell 1.8% on the November list and Sensex dropped 2% immediately.

The Nifty had hit a record 18,604.45 on October 19 and Sensex hit a regular average of 62,245.43 on the same day.

In the midst of the end of the November series Thursday, stock markets regained their lost position after a difficult trip over the past few days. The Nifty finished 131.05 points, or 0.75%, at 17,546.10 and Sensex finished 454.10 points, or 0.78%, at 58,795.09. A 6% increase in Reliance Industries contributed to significant gains in indices.

FPIs sold 2,300.65 crore local shares and DIIs bought ₹ 1,367.8 crore.

“FPI’s performance is not bad for the exit in the last two or three quarters, but the previous position is still the same.

Researchers see the $ 17,200 level as Nifty’s key support as a fall that could open the door to new sales.

“When we enter the December list, we expect the index to sell between 17,200 to 17,800. A return to 17,200 has not been eliminated,” said Sriram Velayudhan, vice president – another research at IIFL Securities. “17,800 have been strongly opposed to key issues such as neck and shoulder fractures and the 34-day interval that goes hand in hand with this. Unless the required level is broken up, a high point can be opened,” Sriram said.

Rajesh Palviya, head of technology and development at Axis Securities, also said that Nifty should move into the 17,200-17,800 category for the December list.

“Breaking both sides will determine how the market works. The real estate companies, telecom and textiles are expected to do very well in December,” Palviya said.

Original Article reposted fromSource link

Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @

I assure you that, I will remove the infringing content Within 48 Hours.

Leave a Reply

Your email address will not be published. Required fields are marked *


Now that the elections are over, the brutal reality sinks in for metros

A post-election analysis of SA’s eight metrics and Ratings Africa paints a grim picture of the economic mountainous region facing the country’s largest cities. Only Cape Town – run by the Democratic Alliance (DA) – has a full-fledged economy. The rest are faced with stagnation or low income, with limited working capacity (except in Cape […]

Read More

From Tablea to Good Fortune: The Rags-to-Riches Story of Bohol’s Chocolate Princess

Learn the inspiring story of a street sweeper’s daughter who got lucky, all because of the chocolate. Learn about Dalareich Polot’s weighty story, “Bohol’s Chocolate Princess.” Photo by Dalareich Chocolate via Facebook On the island, a woman named Dalareich Polot is known as the “Chocolate Queen of Bohol” for the chocolate she received. Their brand […]

Read More

Foreign MBA: Big jump in applications from India

These are the findings from the 2021 Application Trends Survey conducted by the Graduate Management Admission Council (GMAC), a global B-school graduate organization. In 2021, the number of graduate school application forms grew by 0.4% from the previous year, leading to an increase since the global epidemic in 2020 when commercial schools around the world […]

Read More