F&O UPDATE
NIFTY Dec Future closed at 2948.70 (Rs. 5.65 DISCOUNT) with a turnover of Rs. 13409.45 Crores.
Sheds 1586350 shares (-4.11%) in open interest bringing down the open interest to 37017576 shares.
Today nifty spot made high of 3076.20 touching EMA-50: 3072.62 and closed just near one of the support level of 2950.00. This can be scary for the bulls. It will be a severe blow to the bulls if bears are successful to break 2865.00
I am posting a chart with the kind courtesy of Mr.Nifty Bhaloo which can show the scenario.
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