Weekly Wrap: - The market
edged lower in what was a volatile trading week. Benchmark indices
witnessed intraday volatility as traders rolled over positions in the
futures & options (F&O) segment from the near month May 2015
series to June 2015 series. The May 2015 F&O contracts expired on
Thursday, 28 May 2015. The Sensex fell 129.06 points or 0.46% to
settle at 27,828.44. The Nifty fell 25.30 points or 0.30% to settle
at 8,433.65. The Reserve Bank of India's monetary policy review and
macro-economic data will dictate near term trend on the bourses.
On The F&O Front : - Weekly
data shows in the past trading sessions, we have seen strong Put
writing in 8400/8300/8200 strikes & major Call writing in
8600/8500/8400 strikes indicating a range bound for market, in the
near term.
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