Nifty is trading with a decreased premium to 10 points
Open interest in NIFTY lost 19 lacs
which implies some profit booking in long positions.
Nifty call option added 26 lacs and put option added 29 lacs.
Put-Call Ratio decreased to 1.48.
Open interest of 2900 puts - 44 lacs, This will be an important level to watch for...
US markets closed in red...
Asian markets HANGSENG & NIKKEI +ve 1.5%...
SGX Nifty trading at 2999 +4
Genie suggests
NIFTY will be in range of
2907.75 2942.95 2997.95 3033.10 3088.10
SELL ON RISE with a stop loss of 3123
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