According to Maximus Securities, the market is likely to open lower on first trading day of the week today as Asian stocks edged lower amid an escalation of violence in Iraq.
Nifty PCR-OI has increased to 0.96 from 1.06. Fall in the ratio may be due to decrease in PE of 7600 and increase in CE of 7600.
PE of 7500 and CE of 7700 are highest number of contracts traded.
The market is likely to open lower on first trading day of the week today, 16 June 2014 as Asian stocks edged lower amid an escalation of violence in Iraq. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 23.50 points at the opening bell.
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