The key Indian equity benchmarks are likely to exte exten nd loss losses es for for a fth fth stra straig ight ht day day as a bear bearis ish h tren trend d in fell fellow ow As Asia ian n peer peers s amid amid renew enewed ed spec specul ulat atio ion n of a Feder ederal al eser eser!e !e "ec "ecemb ember int interes erestt rate hike ike soured ured the the appetite appetite for emerging emerging market market assets.A assets.Again gainst st the the back backdr drop op of subd subdue ued d glob global al cues cues and and weakne weakness ss in the #$% $ifty $ifty Index Index futur futures es for $o!ember deli!ery which fell by &.'& per cent at ()**+ ()**+ at &,-/ &,-/ am 0inga 0ingapor pore e time) time) "alal "alal 0treet is set to open on a bearish note today.
1arking a fourth straight nish in the red) the 2&3share 0ensex on Thursday fell '&*./' points or &.4 per cent to end at '/)(2(.*+ as traders rolled o!er their positions on the day of the expiry of the 5ctober futures 6 options 7F658 contracts while heightened odds of a 90 near3 term interest rate lift3o: also dampened trader mood.
BANKNIFTY FUTURE WEEKLY CHART
BANK NIFTY FUTURE ;ank $ifty Futures closed at *4,+4.& rose 2 <oint o!er the week. it=s made weekly high of *(&&' on 1onday and made low of *4/& on Thursday. Thursday. ;ank $ifty Future Future shown slighly bullis bullish h trend trend in this this week. week. In the upcomin upcoming g trading sessions it may be continue trading in !olatile range between *4&& to *('&&. A%I0 ;A$> ;A $> 7'.4 7'.4'? '?88 and 0TA 0TAT ;A$> ;A$> 5F I$"IA I$"IA 7*.+ 7*.++? +?88 is the the top top gain gainer ers s for for the the week week in banking sector.
WEEKLY SUPPORT AND RESISTANCE SYMBOL
CAPITALGROW FINANCIAL SERVICES INVESTMENT ADVISOR
INDIAN MARKET INDICES
$0 $ifty made its weekly high of (22/and closed at (&(+)with the lossof 3.11% 3.11% o!er the week.
;0 0ens ;0 0ensex ex made made its its week weekly ly high of '4/*(and '4/*(and closed'///
(& ( &(+
with red mark of 3.60%.
TOTAL OPEN INTEREST INDE#
OPEN INTERE ST
CHANGE IN OI
$ifty $ifty futures weekly open open interest hasincreased by .2'?.
;ank$ifty futures weekly openinterest has decreased by /.2,?.