Nifty Daily continues to be in positive sentiment for the last 5 trading sessions. However the weekly sentiment holds negative for the last three weeks and likely to continue for yet another week. On contrary Banknifty sentiment turns positive on Daily and weekly charts after the friday’s price action. Bank Nifty is expected to outperform Nifty in the upcoming trading sessions.
India VIX fallen below 9% on thurday trading session indicates markets are not ready to fall for time being. Global Markets are responding positively to the negative news like terrorist attacks (Paris attack, Mali Hotel attack). Tempo in the market is faster on the upper side. Possibly the current expiry is likely to be settle between 7700-8050.
— Marketcalls (@marketcalls_) November 19, 2015
This expiry week we have only three trading sessions as markets will be on holiday on wednesday due to Gurunanak Jayanthi. Sector wise CNX IT weekly sentiment continues to be in negative
Key upcoming Economic Events
– Parliament’s Winter Session, which begins on November 26, with the hope of seeing the Goods and Services Tax (GST) Bill passed
– RBI Fifth Bi-monthly Policy Statement for the year 2015-16 on December 1