Mumbai: The sale available markets on monday has created traders cautious of Dalal Street's near-term prospects.
When market participants get puts, it's a symptom that they expect the index or the stock to fall. The near-term outlook can rely on whether or not the great manages to remain higher than the crucial support of 8700, wherever traders have designed positions looking on a rebound. On Monday , the great terminated down one.7 per cent at 8,715.60, when hit a low of 8,699.40 intraday .
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The Volatility Index (VIX), a gauge for traders' expectations of near-term risks within the market, supported great choices values, spiked fifteen per cent -the highest single-day gain since February eleven, as traders bought puts as insurance against any draw back. Analysts said a region of the traders, however, continued to carry on to their optimistic great futures bets on hopes of a improve
When market participants get puts, it's a symptom that they expect the index or the stock to fall. The near-term outlook can rely on whether or not the great manages to remain higher than the crucial support of 8700, wherever traders have designed positions looking on a rebound. On Monday , the great terminated down one.7 per cent at 8,715.60, when hit a low of 8,699.40 intraday .
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