Nifty options paint bearish trend, while Bank Nifty bullish: F&O experts

Quick Summary:

F&O cues for Nov 06: The Nifty options data reflects a cautious outlook, with call writing significantly outpacing put activity, says Dhupesh Dhameja of SAMCO Securities.

The Bank Nifty formed a bullish engulfing candlestick pattern on daily chart, indicating strength.

Whereas, Bank Nifty may have seen some long build-up and some short covering in the MidCap Nifty futures.

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Category: BusinessFinance

Markets: India

Topics: Fund flows Derivatives market Bank nifty futures Long short positions Nifty futures Trading strategies

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Published On: 2024-11-06 @ 09:20:44 (2 weeks ago)

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