New series start with interesting F&O setup. FII net long @ 76.63% in Index futures. Rollover is at 68% light as comparison.
Indices at fresh recent high, one of the best trade setups going into last month of year 2022.
Banknifty crossed 43000 level convincingly and Nifty less than 125 points away from all-time high. BSE Sensex crossed all-time high.
VIX @ 13.48: below 14, surprisingly low.
Approach on Indices: After strong rally yesterday, some consolidation would be healthy. Indices on chart indicate classic textbook break out and opens up further upside by 6% to 9% in near term.
SGX Nifty @ 18624.50 down 43.50 points.
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