Total Put open interest of 80.72 lakh contracts stood at strike price 8,000, which will act as a crucial base for the market in the December series
The Nifty50 was trading around its crucial level of 8,250 supported by gains in realty, power, oil & gas, consumer durables, capital goods, and auto stocks.
Investors should wait for the Nifty50 to close decisively above its crucial resistance levels of 8,250 and 8,300 before creating any fresh long positions.
The Nifty50 reclaimed its crucial support level at 8,200 supported by gains in realty, power, consumer durables, capital goods, banks and auto stocks.
High dividend-yielding stocks have lower volatility, which makes them a perfect fit for a portfolio in times of volatility in stocks.
RBI left the cash reserve ratio unchanged at 4 per cent, as expected, and announced that the incremental CRR of 100 per cent will stand withdrawn from December 10.
Based on our assessment of economic landscape, we suggest investors to consider equities for growth and selective credits maturing in 2-5 years for income.
The IT index was the biggest laggard of the year, down over 10%, followed by Pharma index which plunged a little over 8%, while the Realty index slipped 8%.
The selling by offshore funds is triggered largely by hardening of bond yields in the US on account of expectations that inflationary pressure may build up.
Total Put open interest of 75.90 lakh contracts stood at strike prices 8K, which will act as a crucial base in the Dec series, followed by strike price 8,100.
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