Market Report
At the end, Sensex closed at 19,934.64 down by 46.67 points. It touched an intraday high of 20,008.36 and low of 19,824.44. Nifty ended at 5,976.55 down by 15.70 points. It made a high/low of 6,001.00 and 5,939.70 respectively.
Nifty F&O Trend
The 50-share S&P CNX Nifty is trading at 5,954.90, after losing 37.35 points or 0.62%. Nifty December futures saw an addition of 3.06% or 0.84 million (mn) units, taking the total outstanding open interest (OI) to 28.40 mn units.For Nifty calls, 6000 strike price (SP) from the December series was the most active call with a contraction of 0.31 mn or 4.45%.Among Nifty puts, 6000 SP from the December month expiry was the most active put with an addition of 0.23 mn or 4.11%. The maximum Call OI outstanding was at 6000 SP (7.34 mn) and that for Puts at 6000 SP (6.01 mn). The respective Support and Resistance levels are: Resistance 5,987.27 Pivot Point 5,968.63 Support 5,936.27. The Nifty Put Call Ratio (PCR) OI wise stood at 1.24 for December-month contracts.
The day started off on a flattish note, but the key indices immediately touched their day’s highs; Sensex at 20,008 and Nifty, at 6001. However, this triggered selling pressure that kept the key indices sombre till the end of the day's session.There were regular efforts to cross over to the positive by the key indices, but every high was sold into. With this volatile trade continuing, Sensex and Nifty touched their day’s lows at 19,824 and 5939 respectively.
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