Swing trade ends on a negative note
DSIJ Intelligence / 01 Dec 2016
The Indian markets saw a highly volatile session today, taking some positive trade and then saw the deep end. At closing bell, the Nifty ended 32 points lower at 8192 and the Sensex lost 92 points to close at 18619.
The Indian markets saw a highly volatile session today, taking some positive trade and then saw the deep end. At closing bell, the Nifty ended 32 points lower at 8192 and the Sensex lost 92 points to close at 18619.
The advance-decline ratio was balanced in the closing session. On the NSE, 19 shares closed in green, while 32 shares ended the day in red.
Majority of the sectoral indices closed on a negative note. Bank index was hammered the most, down by 248 points. Metal and Auto dived around 200 points each. Mid-caps and Small-caps also were down by 140 points and 80 points respectively. However Healthcare, FMCG and Capital Goods closed on a positive note.
In the Asian markets, the Nikkei closed up by 200 points. While the Hang Seng index ended up by 88 points. While the KOSPI and Taiwan also ended on a positive note.
European markets were trading in negative scenario.
Derivative Analysis
Nifty future closed above 8200 mark. Going ahead 8170/8130 will be the immediate support levels.
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