Stocks Market Review
The Bombay Stock Exchange’s Sensex closed at 19,645.22, falling 153.97 points, or -0.78%, while the National Stock Exchange’s Nifty ended at 5,888.75, down 55.35, or -0.93%. Interest rate sensitive stocks - banking and realty - fell over 3% on worries higher interest rates will dent demand for residential and commercial properties, and dragged the indices lower.
Nifty Report
The 50-share S&P CNX Nifty finally settled at 5,944.10, after gaining 36.45 points or 0.62%.Nifty December futures saw an addition of 8.63% or 2.15 million (mn) units, taking the total outstanding open interest (OI) to 27.11 mn units. For Nifty calls, 6000 strike price (SP) from the December series was the most active call with an addition of 0.56 mn or 7.06%.Among Nifty puts, 5900 SP from the December month expiry was the most active put with an addition of 1.31 mn or 33.13%. The maximum Call OI outstanding was at 6000 SP (8.49 mn) and that for Puts at 5900 SP (5.28 mn).The respective Support and Resistance levels are: Resistance 5,969.12 Pivot Point 5,928.93 Support 5,903.92.The Nifty Put Call Ratio (PCR) OI wise stood at 1.27 for December-month contracts.
Click To get Free Stock Tips