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Pivot point for Nifty 50 index moves higher to 25,150, suggests F&O data

Business Standard LogoBusiness Standard7h ago

Pivot point for Nifty 50 index moves higher to 25,150, suggests F&O data - Business Standard

Quick Summary:

Derivatives market update Oct 15: In case of Bank Nifty the max pain is seen at 51,800; with the PCR rising to 1 - tilt towards a bullish bias is observed, says SAMCO Securities analyst.

Whereas, domestic institutional investors (DIIs) long-short ratio in index futures remains steady at 0.64; meaning 2 long positions for every 3 short bets.

In the F&O segment, retail and proprietary traders increased their bullish bets in index futures, while foreign investors remained on the backfoot.


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Article Details

Category: BusinessFinance

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-10-15 @ 09:15:19 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1008 words

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Sentences: 51 lines

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Copyright Owner: © Business Standard

News ID: 23065507

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