The Stock Market Fell for sixth consecutive session Wednesday

The market fell for sixth consecutive session Wednesday. Investors remained cautious due to uncertainty over GST Bill and volatility in oil prices. Metals, auto, pharma and banking & financials stocks saw selling pressure.Market shed more than 4 percent in last six sessions. The Sensex lost 274.28 points or 1.08 percent to 25036.05 and the Nifty tanked 89.20 points or 1.16 percent to 7612.50.

Open Interest was seen in 7800 and 7900 Call Option looking as a resistance level for Nifty and in the down side highest open interest was seen in 7700 and 7600 put looking as a major support level for Nifty.

 Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to decrease in DLF price was seen in JPASSOCIAT.

Turmeric futures edges lower on fresh arrivals @ Sell TMC NCDEX Moneymaker Advice

NCDEX Turmeric December futures contract opened on a positive note but traded down for most part of the day. The prices closed down in last trading session due to lower demand and fresh arrivals in the spot market.

NCDEX turmeric futures prices declined up to RS. 9490 per quintal and trade ended at RS. 9498 per quintal which is approx 0.79% up against its previous close.

@ Sell NCDEX Turmeric Around 9500 to 9450 for December contract targets 9350, 9250 stop loss 9621. 

Happy Guru Purab From Money Maker Research