As expected, market remained in tight range. Nifty made lower Bottom Lower high. Infy & TCS both closed at 1% down. Through session Indigo consolidated at 1050 and then sudden breakout at 1080 level. SPICEJET made high @ 72 but closed flat at 69. RCOM was up by 6% closed at 71. Jubilant food closed @ 1526 (4,2% up). GMR Infra was up by 5% closed at 14.89. Indiabull Power or RTN POWER regained its level of 10- closed at 10.34 (up by 5%). Lanco Infra (LITL) was up by 20% ( Buyers circuit -means there was no seller for the stock since morning). Metal stocks continued to show weakness, except Jindal steel which closed up by 3%.
After initial gap down opening & lower spike @ 18200, BOSCH consolidated at 18500, but at the end of session breached 18500 level and closed @ 18435.
Nifty current month (November 15) future was traded in discount during some part of the day, but finally managed to close in Premium. INDIA VIX closed in RED, ADR is more than 1, and Nifty Nov series put option maximum OI at 7800 strike all together indicates that on Thursday trade NIFTY will hold 7800 level. Nifty unlikely to close above 7900 on Thursday (Highest OI of call option is at 7900 strike).
Disclaimer : Writer may have own position in market and may have discussed similar thing with friends in group. Before acting on the information here, please consult your financial adviser.
After initial gap down opening & lower spike @ 18200, BOSCH consolidated at 18500, but at the end of session breached 18500 level and closed @ 18435.
Nifty current month (November 15) future was traded in discount during some part of the day, but finally managed to close in Premium. INDIA VIX closed in RED, ADR is more than 1, and Nifty Nov series put option maximum OI at 7800 strike all together indicates that on Thursday trade NIFTY will hold 7800 level. Nifty unlikely to close above 7900 on Thursday (Highest OI of call option is at 7900 strike).
Disclaimer : Writer may have own position in market and may have discussed similar thing with friends in group. Before acting on the information here, please consult your financial adviser.
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