Nifty closed with minor loss
Chirag Gothi / 24 Dec 2015
In today's trading session Nifty had opened with green mark and registered days high at 7888.75 levels in early trading hours and then drifted lower and traded below 7883 levels.
Post Market Commentary
In today's trading session Nifty had opened with green mark and registered days high at 7888.75 levels in early trading hours and then drifted lower and traded below 7883 levels. In first half of trading session Nifty traded in very narrow range between 7868 and 7855 levels but in second of half trading session, Nifty drifted lower and test 7835 levels and marked days low but in last trading hours we have seen recovery,Finally, the Nifty closed with minor loss of 4.9 point at 7861 levels.
The breadth for the Nifty index has remain positive in today’s trading session, as the advance decline ratio ended on the positive side. Out of 50 stocks 28 stocks closed in the green, whereas 21 stocks closed in the red.
Top 5 Nifty Gainers: VEDL was the top gainer gaining with 2.80% followed by CAIRN, BHARTIARTL, HINDALCO and IDEA.
Top 5 Nifty Losers: ZEEL was the top loser with a loss of 2.00% followed by ICICIBANK, PNB, MARUTI and HDFC.
In today’s trading session Metal sector were top gainer gaining with 0.83% were as PSU Bank were top loaer today losing with .060%.
The Asian markets quoted in mixed; China's Shanghai Composite was down by 0.64% today, Hong Kong's Hang-Seng was up by 0.44% , while Japan's Nikkei was down by 0.52%.
The European indices traded in mixed, London’s FTSE 100 index was up by 0.14% and the German DAX is closed today and France CAC was down by .046%.
Derivative Analysis
The Nifty December futures open interest has increases by 1.60%. Bank Nifty December futures open interest has decline by 1.87%. Nifty market closed at 7,861.05levels & Bank Nifty closed at 16,811.00 levels.
The Nifty December future closed at a discount of 12.95 point.
The January series closed at a premium of 45.95 points.
The Implied Volatility of at the money options has increased by 0.67%.
Nifty PCR-OI has sustain at 0.96 levels.
Interpretation: On the basis of above data,its observed that 7800 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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