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19 November, 2009

18-11-09 trading was range-bound and nifty closed at 5055-7 points.

  • FII bought in cash, stocks and index futures.
  • F&O nifty futures added next month series open interest.(bullish)
  • Option writings are balanced. (as huge addition seen at 4800 put one can buy 4900 put for testing jackpot luck) 
  • US markets are flat.
  • Global cues are mixed.
  • SGX nifty is in red.

Over all view: As seen from FII data there is no direction as of now. But as the market is facing resistance at higher levels one can go short if nifty breaks 5006 level.


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