Stock Market Review
The Bombay Stock Exchange’s Sensex closed at 19,888.88, higher by 24.03 points or 0.12% from the previous close, while the National Stock Exchange’s Nifty ended at 5,947.05, down 1.7 points, or -0.03%. Broader markets, which remained positive for the entire trading session, also ended on a mixed note.
Nifty Future Review
The 50-share S&P CNX Nifty finally settled at 5,948.75, after surging 56.45 points or 0.96%. Nifty December futures saw an addition of 4.61% or 1.12 million (mn) units, taking the total outstanding open interest (OI) to 25.48 mn units.In Nifty calls, 6000 strike price (SP) from the December series was the most active call with a contraction of 0.69 mn or 8.44%.Among Nifty puts, 5900 SP from the December month expiry was the most active put with an addition of 1.45 mn or 37.26%. The maximum Call OI outstanding was at 6000 SP (7.52 mn) and that for Puts at 5900 SP (5.37 mn).The respective Support and Resistance levels are: Resistance 5,984.92 Pivot Point 5,919.98 Support 5883.82. The Nifty Put Call Ratio (PCR) OI wise stood at 1.30 for December-month contracts.
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