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

Business Standard LogoBusiness Standard1d ago

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

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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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 09:44:37 (1 days 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

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23544117

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 297 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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