Nifty remains trapped in 24,000-24,500 range; probability of bounce higher

Quick Summary:

F&O cues for Nov 12: Options data hint support for Nifty at 23,950; with a high probability of a bounce back towards 24,500 - 24,700; says Sahaj Agarwal of Kotak Securities.

Foreign institutional investors (FIIs) were net buyers of index futures after three trading sessions, they net purchases totalled Rs 335.48 crore on Monday.

This ratio implies that foreign investors hold almost 3 short positions in index futures for every long trade.

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Category: BusinessFinance

Markets: India

Topics: Trading strategies Long short positions Fund flows Nifty 50 trading strategies Nifty futures Nifty trading strategies Bank nifty futures Derivatives market Market news

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-11-12 @ 09:44:37 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 683 words

Reading Time: 4 minutes read

Sentences: 31 lines

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Copyright Owner: © Business Standard

News ID: 23544117

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