Market Closed With Loss Of 82 Points

Post Market Commentary

In today's trading session the Indian Benchmark Index Nifty opened with the red mark and made days high at 7836 levels in early trading hours. Since morning we have seen Nifty was under-pressure, the selling pressure came from heavy weight such as Reliance, BHEL, ICICI, Tata Motor,ONGC and ITC. In second half of trading session Nifty started to lose its strength and drifted lower and touched the crucial levels of 7764. Finally, the Nifty given closed near days low at 7762 levels with loss of 82 points.

The breadth for the Nifty index has turn positive to negative in today's trading session, as the advance decline ratio ended on the negative side. Out of 50 stocks only 10 stocks closed in the green, whereas 40 stocks closed in the red. 

Top 5 Nifty Gainers: ADANIPORTS was the top gainer gaining with 1.83% followed by IDEA, POWERGRID, ASIANPAINT and AMBUJACEM.

Top 5 Nifty Losers: VEDL was the top loser with a loss of 3.16% followed by ULTRACEMCO, BAJAJ-AUTO, SBIN and INFY.

In today’s trading session all sector were closed with red mark where Metal sector was top loser lose with 1.27%.  

The Asian markets quoted in red; China's Shanghai Composite was down by 0.01% today, Hong Kong's Hang-Seng was down by 0.54% , while Japan's Nikkei was down by 1.93% today.

The European indices traded in red, London’s FTSE 100 index was down by 0.04% and the German DAX down by 0.57% and France CAC also up by 0.57%.


Derivative Analysis

The Nifty November futures open interest has increases by 2.24%. Bank Nifty November futures open interest has increased by 3.06%. Nifty market closed at 7,761.95 levels & Bank Nifty closed at 16,594.30 levels.

The Nifty December future closed at a premium of 21 point.

The January series closed at a premium of 55.5 points.

The Implied Volatility of at the money options has increases by 1.95%.  

Nifty PCR-OI has sustain at 0.82 levels.









Interpretation: On the basis of above data,its observed that 7500 may act as strong Support & 8000 may act as strong resistance for Nifty Index. Further moment for the index would be on the positive side.