Nifty closed near days high
Chirag Gothi / 21 Dec 2015
In today's trading session the Indian Benchmark Index Nifty opened with the red mark and moved higher levels and crossed 7800 levels in early trading hours. Since morning session we have seen Nifty has out performer, the buying came from heavy weights such as ICICI BANK,ONG, ITC and AXIS BANK counter.
Post Market Commentary
In today's trading session the Indian Benchmark Index Nifty opened with the red mark and moved higher levels and crossed 7800 levels in early trading hours. Since morning session we have seen Nifty has out performer, the buying came from heavy weights such as ICICI BANK,ONG, ITC and AXIS BANK counter. In second half of trading session Nifty had sustained its momentum and started to move higher and sustain above 7815 levels. Finally, the Nifty closed near days high at 7834 levels with gain of 72.50 points.
The breadth for the Nifty index has turn negative to positive in today’s trading session, as the advance decline ratio ended on the positive side. Out of 50 stocks 39 stocks closed in the green, whereas 11 stocks closed in the red.
Top 5 Nifty Gainers: ONGC was the top gainer gaining with 3.47% followed by ICICIBANK, POWERGRID,IDEA and ITC.
Top 5 Nifty Losers: SUNPHARMA was the top loser with a loss of 4.28% followed by GAIL, , HINDUNILVR, ASIANPAINT and ULTRACEMCO.
In today’s trading session Reality sector was top gainer gaining with 1.70% where as Pharma sector was top loser lose with 0.86%.
The Asian markets quoted in mixed; China's Shanghai Composite was up by 1.75% today, Hong Kong's Hang-Seng was up by 0.17% , while Japan's Nikkei was down by 0.37% today.
The European indices traded in green, London’s FTSE 100 index was up by 0.74% and the German DAX up by 1.46% and France CAC also up by 0.61%.
Derivative Analysis
The Nifty November futures open interest has increases by 1.29%. Bank Nifty November futures open interest has increased by 1.58%. Nifty market closed at 7,834.45 levels & Bank Nifty closed at 16,825.15 levels.
The Nifty December future closed at a premium of 3.65 point.
The January series closed at a premium of 34.95 points.
The Implied Volatility of at the money options has decline by 1.84%.
Nifty PCR-OI has sustain at 0.90 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.
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