Bulls tromple bears: Indicted surge, Nifty jumps to cross 8200
DSIJ Intelligence / 13 Dec 2016
The Indian markets were range bound on December 13, 2016. While index continued to witness up move and also majority of the sectors remained in green zone in closing session. The Nifty surged to close 51 points up at 8220 level and the Sensex was up by 183 points at 26697 level. Both the indices closed on a positive note, up around 0.62 per cent each.
The Indian markets were range bound on December 13, 2016. While index continued to witness up move and also majority of the sectors remained in green zone in closing session. The Nifty surged to close 51 points up at 8220 level and the Sensex was up by 183 points at 26697 level. Both the indices closed on a positive note, up around 0.62 per cent each.
The advance-decline ratio was on the positive side in the closing session. On the NSE, 34 shares closed in green, while 17 shares ended the day in red.
Majority of the sectoral indices closed on a positive note. Auto index med today’s rally up by 196 points. Bank and IT were outperformers of the day up 101 points and 83 points respectively. However Mid-caps and Small-caps closed in negative territory.
In the Asian markets, the Nikkei closed up by 95 points. While the Hang Seng index ended up by 13 points. The KOSPI and Taiwan also ended on a positive note.
European markets were also trading in positive scenario.
Derivative Analysis
Nifty future closed above 8220 mark, which may be considered as a fresh bullish breakout for further move.
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