The way the Nifty50 closed on Wednesday it feel like that the index would probably test levels between 7,532 and 7,505 in the first half of Thursday.Markets across the world as well as in emerging markets (EMs) will be watching the event closely, as a Fed rate hike is expected to push the US dollar higher against local currencies in most of emerging markets, including India The US is looking at hiking rates, while the European Central bank (ECB) in its policy review decided to expand its monetary stimulus by cutting deposit rate and extending the quantitative easing (QE). Even the Reserve Bank of India (RBI) is on the path of monetary easing most other Asian markets traded weak as oil prices slumped to seven-year low on the Opec decision to hold the current production level. Japan's Nikkei closed 0.97 per cent lower while the South Korean Kospi ended flat. Hong Kong's Hang Seng index traded 0.47 per cent lower. China's Shanghai Composite was down 0.12 per cent at close Stock markets are expected to see capital outflows accelerate ahead of the US Federal Reserve's December 15-16 meeting, when it is widely expected to lift rates. most active call option in stock option is TCS ,DLF, LT while nifty7800 call was most active . Total number of turnover in stock option 152894 & in nifty option 13605.