Nifty future continue to remain under pressure after expiry of November month contracts as investors is waiting for some sight of relief from RBI monetary policy. We hardly saw any relevant buying interest in F&O segment. During this period, FIIs formed good amount of short positions in index and stock futures along with decent longs in index put options.
The first week of December has been one of the biggest weekly fall for our markets in the current calendar year. During the week, there were two occasions when US bourses clocked immense single day gains; but, quite surprisingly, our markets shrugged of these optimistic cues and remained under pressure on the following days. Eventually, the Nifty went on to close almost at the lowest point of the week. » Read more