The date today is 24th November the last day of the month for trading ie your F&O positions are carried over to the next month or trading SESSION. The premium given to Nifty Futures show that Bulls are incharge.
The markets were down today the BSE sensex down by 191.64 points at 25860.17 and the Nifty down by 67.80 points at 7965.50 but on the whole 1350 shares advanced against 1205 declines.Due to the demonetisation effect lot of money is leaving emerging markets like India,Financials, technology, Consumer discretionary and to an extent Industrial sector are doing well. Continued disruption in Rajya Sabha also is causing downfall of markets.
The demonetisation has caused a ripple in the market thereby, decreasing sales of goods in the market resulting in less profitability in companies. There is an opinion that Indian Markets are in a Bear phase and economy is likely to contract for the next few quarters. The postponement of GST council meeting has also hit markets.Better to slowdown buying book profits periodically that is the best way to keep afloat. HAPPY TRADING AND INVESTING.
