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Thursday, 6 December 2012

Derivatives view & havells ----6 dec 2012

Nifty futures opened positive and traded in a narrow range of 30 points throughout the session, and finally closed up by 0.44% at 5949.

Overall breadth was positive as there were 102 advances vs. 56 declines in F&O segment.
Further bullish movement can be seen in market. Supports for nifty futures lies at 5920 and 5865.
Among other major sectoral indices, Banknifty future closed with gains of 0.86% while CNX IT futures have closed with loss of 1.28%.


Among Nifty heavy weight stocks Infy has witnessed short build-up in trade today.
Put Call Ratio ( Volume ) is at 0.72.


Technology sector closed in red, short build up is witnessed in sector stocks like Finantech, Hcltech, Infy, Mphasis, Techm and Wipro.


FII F&O Trade Statistics (in Rs cr.) for 4-Dec-2012
Index Futures       Stock Futures    Index Options    Stock Options
-309                           -151                -497                    -74




HAVELLS : The stock seems to have given breakout after consolidation. Buy December future is recommended in range 596-598 for target of 632 and stop loss of 585

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