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Govt to raise Rs 97,000 cr through T-bills
The government today said it will raise Rs 97,000 crore in the last quarter of the fiscal through treasury bills, which are short-term bonds.

Pepsi awaiting Govt nod to use Stevia as sweetener
Soft drinks and snacks major PepsiCo India today said it may use Stevia as an alternative sweetener if the Government permits it do so.

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Bye bye, brand name
Self-deprecating humour isn’t something one sees too much of in this country (where making fun of others is held a nobler pursuit than laughing at one’s own foibles), so I’m always pleased to read Saad Akhtar’s webcomic Fly, You Fools! (People are Mindless Cattle), a good-natured, witty take on some of the things we read about in the newspapers every day. It isn’t brilliantly written or drawn (in fact, it mostly uses photos and mixed media rather than fresh illustrations) but it’s goofy and perceptive, casting fresh light on (among other things) security checks at mall entrances (http://tinyurl.com/5s25pe), rich kids mowing down pavement-dwellers in their Mercs (http://tinyurl.com/mhpwep), and loud honking at traffic signals as a substitute for sexual inadequacy (http://tinyurl.com/kl7knc).
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F&O Outlook: More correction possible in coming days

The Nifty ignored all bullish indicators and closed below 5,000 on profit-booking and weak global cues. The close of 4,953 is marginally above the 61.8 per cent retracement level of 4,940. Hence, if it falls below this, it can retreat to 4,860. Also, the Nifty has gained over 10 per cent since the last week’s low of 4,538 and so more correction is possible in the coming days. - Positive IIP numbers fail to enthuse markets - More correction possible in coming days - F&O OUTLOOK: Nifty likely to trade above 5,100 this week - Nifty likely to trade above 5,100 this week - Sensex surges 409 pts after dull start - Indulge in sector funds, cautiously The Nifty November futures saw profit-booking as it moved with the spot index all through the day and shed 192,050 shares in open interest, mostly through sell-side trades. The bears expected to cover short positions at lower levels as the Nifty recovered from the low of 4,917 to close at 4,953, mostly due to buy-side trades. It is difficult to predict the index movement as buy and sells trades were evenly matched. The trading pattern in Nifty call options suggests the index may not hold 4,900 levels in the coming days and may slip below 4,800. Traders seemed to have booked profit in 4,600-4,700 strike calls as these together shed 0.44 million shares in open interest, mostly through sell-side trades. The 4,900 call added 252,350 shares in open interest, mostly through sell-side trades, indicating a short build-up. The 5,000 call saw change of hands and creation of fresh short positions, as despite a trading volume of 13.22 million shares, it added fresh open interest through sell-side trades, indicating short build-up and change of hands. The 4500-4,700 strike put saw more buy-side trades throughout the day. At close, these puts shed 0.50 million shares in open interest, which indicates unwinding of short positions. The 4,900-5,100 puts witnessed change of hands as these shed 0.36 million shares in open interest despite a trading volume of 32.27 million shares. The 4,800 level is expected to be the immediate support as open interest in 4,800 put and call is the second-highest among all puts and lowest among all call options.


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