Friday 25 December 2015
Wednesday 23 December 2015
NCDEX Jeera recovered from its previous losses on short covering
NCDEX Jeera futures opened
with negative note but unable to break previous support of 14300 and
recovered on short covering. Jeera prices gain up to RS. 360 per
quintal and trade ended the day at RS. 14720 per quintal which is
approx 2.51% up against its previous close.
@ Buy above crucial
resistance of 14750 is recommended for the today’s trading session.
@ Day Trader Can Sell NCDEX
Jeera Around 14700 to 14650 target 14570, 14480 Stop Loss 14,771.
Thursday 17 December 2015
Market Ended at two-week Closing high, Sensex surged 309.41 and Nifty Rose 93.45 Points Today
Market ended at two-week closing high on Thursday, tracking rally in
global peers after the first Fed rate hike in almost a decade. The
market rallied for fourth consecutive session today. It was a U-shape
recovery for indices as the market slipped in red after rallied for
first half an hour of trade but it managed to rebound significantly
in last couple of hours of trade. The Sensex surged 309.41 points or
1.21 percent to 25803.78 and the Nifty rose 93.45 points or 1.21
percent to 7844.35.
Finally Federal Reserve raised interest rates by 25 basis points,
which was the first rate hike since 2006. 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 IDBI decrease in price was seen in
VOLTAS.
Subscribe to:
Posts (Atom)