Gold Forecast: Bullion Prices corrected sharply in the last session as the dollar pared losses while investorsfocused on the outcome of the US Senate run-off election in Georgia. Therefore, that gold prices outlook will remain in the range between Rs 50300 — Rs 51300 levels in the short-term.
India’s stocks rose on the last trading day of the week, with the benchmark index clocking its longest stretch of weekly gains since January 2018, as investors favored prospects for economic growth against risks posed by a new virus strain.
BUY BANKNIFTY 29400 PE 370 TARGET 600-860 SL PAID
A 50% month-on-month increase in net long positioning for FIIs in index futures has led to an expansion of rollover basis across the board this month. This has accompanied a 14% increase in market-wide open interest in single stock futures. Hence, sentiment going into December series is quite bullish.
BUY BANKNIFTY 29300 PE 350 TARGET 510-740 SL PAID
Nifty and Bank Nifty futures have witnessed healthy rollovers to the December series, with more long positions being carried over, according to analysts. Nifty futures saw a rollover of 77 per cent, much higher than last month’s 70-71 per cent; Bank Nifty rollovers remained firm at 78 per cent, the same as last month’s.
BUY BANKNIFTY 23200 PE 360 TRG 550-850 SL PAID
BUY BANKNIFTY 23500 PE 330 TARGET 550–680 SL PAID