See negative opening: Maximus Securities

Written By Unknown on Selasa, 16 September 2014 | 10.54

According to Maximus Securities, trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 20 points at the opening bell.

Maximus Securities' derivative report:

Nifty PCR-OI has decreased to 1.03 from 1.15. Fall in the ratio may be due to decrease in PE of 8100 and increase in CE of 8200.

PE of 8000 and CE of 8100 are highest number of contracts traded.

Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 20 points at the opening bell. Asian stocks declined today ahead of the start of a Federal Reserve policy meeting today. Economic data yesterday showed US industrial production unexpectedly declined in August for the first time in seven months as automakers slowed assembly lines.

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