Indices choppy, end flattish as bulls & bears are busy chalking out new year plans
DSIJ Intelligence / 28 Dec 2016
The Indian markets witnessed a choppy trade, specially at closing buzz as they witnessed profit booking on the higher side. Sectors like Healthcare, Mid-caps and Small-caps provided some strength; on the other hand Oil & Gas, Capital Goods and Banks ended on a negative note. The Nifty ended with nominal gains of 2 points at 8034; and Sensex was down by 2 points at 26210.
The Indian markets witnessed a choppy trade, specially at closing buzz as they witnessed profit booking on the higher side. Sectors like Healthcare, Mid-caps and Small-caps provided some strength; on the other hand Oil & Gas, Capital Goods and Banks ended on a negative note. The Nifty ended with nominal gains of 2 points at 8034; and Sensex was down by 2 points at 26210.
The advance-decline ratio ended on the positive side in the closing session. On the NSE, 29 shares closed in green, while 22 shares ended the day in red.
The sectoral indices closed on a mixed note. Healthcare gained a total of 118 points for the day, Mid-caps and Small-caps were up by 61 points and 102 points respectively and FMCG, Auto and IT also saw positive trades. However Oil & Gas, Capital Goods and Banks closed on a lower note.
In the Asian markets, the Nikkei closed down by 1 point. While the Hang Seng index ended up by 179 points. The KOSPI and Shanghai ended on a negative note.
European markets were trading in mixed scenario.
Derivative Analysis
Nifty future managed to close above the technical level of 8000, and 8120/8150 will remain the major resistances.
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