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MTECHTIPS:-Market Snapshot
Nifty futures witnessed gap down opening following the weak global cues and could not able to sustain at higher levels around 5700 levels as there was huge supply at every rise at those levels. Nifty for the day, if it sustains 5700 levels then only rally may be seen towards 5750 levels whereas if it fails to hold 5650 levels on downside then selling pressure may be seen towards 5600 levels. Nifty future saw decrease in OI by 2.36% with a fall in price by 0.9%. Market witnessed buying interest only in FMCG space whereas selling pressure was seen almost across the board especially in Realty, Power, Banking, PSU, Tech, CG, Metal, IT and HC sector stocks. Nifty future closed at premium of 20 points as compared premium of 19 points in previous trading session.
Nifty futures witnessed gap down opening following the weak global cues and could not able to sustain at higher levels around 5700 levels as there was huge supply at every rise at those levels. Nifty for the day, if it sustains 5700 levels then only rally may be seen towards 5750 levels whereas if it fails to hold 5650 levels on downside then selling pressure may be seen towards 5600 levels. Nifty future saw decrease in OI by 2.36% with a fall in price by 0.9%. Market witnessed buying interest only in FMCG space whereas selling pressure was seen almost across the board especially in Realty, Power, Banking, PSU, Tech, CG, Metal, IT and HC sector stocks. Nifty future closed at premium of 20 points as compared premium of 19 points in previous trading session.
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