Bulls Firm Up Their Grip
Chirag Gothi / 09 Sep 2015
Market gave a good opening on account of positive Asian market sentiment. Thereafter in mid-noon session, market started to fall from 7846 levels and reached to 7764 levels, a fall of more than 80 points. Finally, Nifty settled with 130.35 points gain in today’s trade at 7818.60 levels.
Post Market Commentary
Market gave a good opening on account of positive Asian market sentiment. Thereafter in mid-noon session, market started to fall from 7846 levels and reached to 7764 levels, a fall of more than 80 points. Finally, Nifty settled with 130.35 points gain in today’s trade at 7818.60 levels.
Market breadth for the Nifty Index has remains strong and the advance decline ratio ended on the positive side on today’s trading session. 42 stocks closed with green mark whereas, only 8 stocks closed in red.
Top 5 Nifty Gainers: NMDC was top gainer gain with 8.26% followed by Hindalco, VEDL, NTPC, Tata Steel.
Top 5 Nifty Losers: Bosh was top looser with loss of 0.66% followed by Tech Mahindra, Sun Pharmaceuticals, Power Grid and Wipro.
In today’s trading session all sector closed in green mark and CNX METAL was top performer gaining by 3.32%.
The Asian markets were quoting in green; China’s Shanghai Composite climbed up by 72.64 points, Hong Kong’s Hang-Seng bounced by 872.27 point, while Japan’s Nikkei was up by 1343.43 point.
European markets were also trading in green mark.
Derivative Analysis
The Nifty September futures open interest has increased by 5.40%. Bank Nifty September futures open interest has increases by 5.19%. Nifty market closed at 7,818.60 levels & Bank Nifty marked closed at 16,631.50 levels.
The Nifty September future closed at a discount of 1.6 point.
The October series of Nifty closed at a premium of 31.4 points.
The Implied Volatility of ‘at the money’ options has decline by 1.08%.
Nifty PCR-OI has sustains at 1.04 levels.
Interpretation: On the basis of above data, its observed that 7700 may act as strong Support & 8200 may act as strong resistance for Nifty Index. Further moment for the index would be on the positive side.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.