Nifty Future trend
The 50-share S&P CNX Nifty settled at 6,010.00, after accumulating 119.70 points or 2.03%. Nifty November futures saw an addition of 12.48% or 2.91 million (mn) units, taking the total outstanding open interest (OI) to 26.27 mn units. For Nifty calls, 6000 strike price (SP) from the November series was the most active call with a contraction of 0.87 mn or 14.64%. Among Nifty puts, 5900 SP from the November month expiry was the most active put with an addition of 0.47 mn or 6.87%.The maximum Call OI outstanding was at 6000 SP (5.12 mn) and that for Puts at 5900 SP (7.44 mn).The respective Support and Resistance levels are: Resistance 6,051.78 Pivot Point 5,978.47 Support 5,936.68. The Nifty Put Call Ratio (PCR) OI wise stood at 0.85 for November-month contracts.
Further, the key benchmark indices struck fresh day's highs in afternoon trade as firm cues from European markets and higher US index future boosted the investor's sentiment. In last hour of trade markets surged sharply and Nifty crossed 6,000 mark as significant buying was witnessed in front liners like Wipro, HDFC Bank,ONGC, DLF and Tata Steel. At the end, Sensex closed at 19,957.59 up by 372.15 points. It touched an intraday high of 19,989.02 and low of 19,641.42. Nifty ended at 6,010.00 up by 119.70 points. It made a high/low of 6,020.25 and 5,905.15 respectively.
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