The Nifty Future is trading at 12,149.00 with a loss of -0.65% percent or -79.45 point. The Nikkei 225 Future is trading at 23,715.00 with a loss of -0.32% percent or –75.00 point.The Hang Seng Future is trading at 27,613.50 with a loss of -0.56% percent or -156.50 point.
TODAY’S FACTORS AND EVENTS
Some brokers are advising their wealthy clients to sell ‘active month’ out-of-the-money (OTM) Nifty put options expiring on a weekly or monthly basis to pocket the premiums paid by buyers. This is because of falling option volatility and the rising put-call ratio (PCR). These two measures signal that markets aren’t likely to correct below 12,000, for now, but could rather rise or remain steady.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 29,551.42 up with +0.94% percent or +275.08 point. The S&P 500 is trading at 3,379.45 up with +0.65% percent or +21.70 point. The Nasdaq Composite is trading at 9,725.96 up with +0.90% percent or +87.02 point.
In other parts of world, Japan’s Nikkei 225 is trading at 23,827.73 with a loss of –0.14% percent or –33.48 point. Hong Kong’s Hang Seng is trading at 27,739.60 with a loss of –0.30% percent or –84.06 point. China’s Shanghai Composite is trading at 2,906.07 with a loss of –0.71% percent or –20.83 point. India’s BSE Sensex is trading at 41,360.50 with a loss of –0.49% percent or –205.40 point at 12:15 PM.