Indian market Outlook: Nifty Open Interest data shows a 3 times the average sell positions built up in options in one day. Overall, for the expiry FII and Pro have sold 122597 contracts in the futures markets and 459421 contracts in the Index Options. Nifty is expected to open at par with yesterday's close of 7830 as per SGX at 8:15 am IST. Small Cap trend change confirmation level is 5089 and Nifty recent low was 7700. The level of 7912 continues to be a major resistance for Nifty in short term.
Submitted May 16, 2016 at 12:59AM by ShaileshSaraf http://ift.tt/1WzHVbu
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