Stocks Market Review
The 30-share BSE Sensex was trading at 20,180, with loss of 120 points and the 50-share NSE Nifty fell 32 points to 6,047. Breadth was also in favour of declines; about 301 shares advanced as against 992 shares declined on Bombay Stock Exchange.
Nifty Future Trend
The 50-share S&P CNX Nifty finally settled at 5,696.50 after losing 15.10 points or 0.26%. Nifty January futures saw an addition of 13.30% or 2.8 million (mn) units, taking the total outstanding open interest (OI) to 23.59 mn units. For Nifty calls, 5700 strike price (SP) from the January series was the most active call with a addition of 1.31 mn or 17.60%. Among Nifty puts, 5700 SP from the January month expiry was the most active put with an addition of 0.56 mn or 9.05%. The maximum Call OI outstanding was at 5700 SP (6.85 mn) and that for Puts at 5700 SP (6.64 mn). The respective Support and Resistance levels are: Resistance 5,739.23, Pivot Point 5,696.18, Support 5,674.82. The Nifty Put Call Ratio (PCR) OI wise stood at 0.66 for January-month contracts.
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