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MTECHTIPS:-Market Snapshot
Nifty futures witnessed heavy volatility during the entire trading day after couple of error while punching the trades which made sentimental pressure on the market and led to profit booking from higher levels. However some recovery was seen from around 5730 levels on the back of positive global cues. Nifty future saw increase in OI by 3.15% with a fall in price by 0.84%. Market witnessed marginal buying interest in CD, FMCG, auto, CG and Oil & Gas sector stocks whereas selling pressure was seen in Tech, IT, HC, Banking, PSU and Metal space. Nifty future closed at premium of 30 points as compared premium of 38 points in previous trading session. Nifty for the day, if it sustains 5800 levels then only rally may be seen towards 5850 levels whereas if it fails to hold 5730 levels on downside then selling may be seen towards 5700-5670 levels.
Nifty futures witnessed heavy volatility during the entire trading day after couple of error while punching the trades which made sentimental pressure on the market and led to profit booking from higher levels. However some recovery was seen from around 5730 levels on the back of positive global cues. Nifty future saw increase in OI by 3.15% with a fall in price by 0.84%. Market witnessed marginal buying interest in CD, FMCG, auto, CG and Oil & Gas sector stocks whereas selling pressure was seen in Tech, IT, HC, Banking, PSU and Metal space. Nifty future closed at premium of 30 points as compared premium of 38 points in previous trading session. Nifty for the day, if it sustains 5800 levels then only rally may be seen towards 5850 levels whereas if it fails to hold 5730 levels on downside then selling may be seen towards 5700-5670 levels.
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