Stock Market Review
The Bombay Stock Exchange’s Sensex ended the day at 20,015.80, down 44.52 points or 0.22% from the previous close. The National Stock Exchange’s Nifty shut shop at 5984.40, down 16.25 points or 0.27%. Morning trade saw the key indices open above the equator. Within moments, both the key indices touched their intraday highs, with Sensex jumping as high as 20,151.25, and Nifty touching 6,023.80.
Nifty Future Review
The 50-share S&P CNX Nifty finally settled at 6,000.65, after surging 53.60 points or 0.90%.Nifty December futures saw an addition of 9.57% or 2.33 million (mn) units, taking the total outstanding open interest (OI) to 26.77 mn units. For Nifty calls, 6000 strike price (SP) from the December series was the most active call with an addition of 0.16 mn or 2.12%.Among Nifty puts, 5900 SP from the December month expiry was the most active put with an addition of 1.49 mn or 27.77%. The maximum Call OI outstanding was at 6000 SP (7.98 mn) and that for Puts at 5900 SP (6.90 mn).The respective Support and Resistance levels are: Resistance 6,018.72 Pivot Point 5,989.38 Support 5,971.32.The Nifty Put Call Ratio (PCR) OI wise stood at 1.34 for December-month contracts.
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