The Nifty50 reclaimed its crucial resistance level of 9,133 and closed above its crucial 10-days exponential moving average (DEMA) placed at 9,104. The index formed a small bullish candle which resembles spinning top kind of pattern on daily charts.
In an interview to CNBC-TV18 Amit Gupta, Head- Derivatives at ICICI Direct shared his reading and outlook on the futures and options (F&O) side of the market.
Vineet Bhatnagar, MD, PhillipCapital says the market may see some intraday recovery.
Iron ore miner NMDC's offer for selling 39.65 crore shares was over-subscribed, following hectic trading towards the end of the day, ensuring at least Rs 5,900 crore for the exchequer.
Manoj Murlidharan Vayalar of IIFL is of the view that ITC is expected to rally towards Rs 297.
Talking about his outlook for the Nifty for December on the F&O side, Manoj Murlidhar, Head of Derivatives at IIFL PReMIA says he is looking at a couple of thing - first would be the rollover percentage.