Stock Market Report
The BSE Sensex closed down by 238.16 points or (1.19%) at 19,696.48 and NSE Nifty ended lower by 72.85 points or (1.22%) at 5,903.70. BSE Midcap closed with a loss of 171.80 points or (2.21%) at 7,600.43 while BSE Smallcap closed lower by 309.64 points or (3.22%) at 9,294.99. The BSE Sensex touched intraday high of 19,875.51 and intraday low of 19,611.35.Both the Nifty and Sensex traded extremely weak throughout the session and finally settled well below the unchanged zone. The NSE Nifty closed near the 5,900 mark, while the BSE Sensex closed below the 19,700 level.
Nifty Future trend
The 50-share S&P CNX Nifty is trading at 5,906.05, after losing 70.50 points or 1.18%.Nifty December futures saw an addition of 6.20% or 1.64 million (mn) units, taking the total outstanding open interest (OI) to 28.21 mn units. IN Nifty calls, 6000 strike price (SP) from the December series was the most active call with an addition of 1.04 mn or 14.61%.Among Nifty puts, 5900 SP from the December month expiry was the most active put with a contraction of 0.56 mn or 9.14%. The maximum Call OI outstanding was at 6000 SP (8.20 mn) and that for Puts at 5900 SP (5.59 mn).The respective Support and Resistance levels are: Resistance 5,943.28 Pivot Point 5,922.77 Support 5885.53.The Nifty Put Call Ratio (PCR) OI wise stood at 1.16 for December-month contracts.
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