Nifty Future Market Trend and Analysis
The 50-share Nifty index is expected to open higher on Thursday following positive trend seen in other Asian markets ahead of November F&O expiry due today.
Nifty India stock futures in Singapore were trading 33.50 points higher at 6,096.50, indicating a gap-up opening on the domestic market.
Markets continued to trade choppy on Wednesday as volatility rose further before Thursday's F&O expiry. Also market is keenly awaiting GDP data which will be out on Friday.
Considerable liquidation of long positions is seen in Nifty future since the start of the series, as future OI reduced by around 9% along with a fall in price by over 4%. Active selling is seen by the FIIs in the index & stock futures, as collectively they sold around Rs 6,250 crore and were net buyers in the cash segment to the tune of Rs 5,760 crore.
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