Stock Market Report
The Bombay Stock Exchange’s Sensex ended the session at 19,092.05, up 209.80 points or 1.11% from the previous close. The National Stock Exchange’s Nifty gained 69.30 points or 1.23% to end at 5724.05 levels. The benchmark Nifty started the day on a positive note and touched the 5700 level in early trade, led by financial, metal, cement and metal stocks. Even the Sensex got back above 19,000 level on strong pullback after a massive sell-off seen in last week.
Nifty Future Trend
The 50-share S&P CNX Nifty finally settled at 5,724.05 after gaining 69.30 points or 1.23%. Nifty January futures saw an addition of 3.01% or 0.68 million (mn) units, taking the total outstanding open interest (OI) to 23.34 mn units. For Nifty calls, 5700 strike price (SP) from the January series was the most active call with an addition of 0.03 mn or 0.47%. Among Nifty puts, 5700 SP from the January month expiry was the most active put with an addition of 0.09 mn or 1.25%. The maximum Call OI outstanding was at 5700 SP (6.89 mn) and that for Puts at 5700 SP (7.07 mn). The respective Support and Resistance levels are: Resistance 5,745.95, Pivot Point 5,708.60, Support 5,686.70. The Nifty Put Call Ratio (PCR) OI wise stood at 0.71for January-month contracts.
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