Analysis of Stock Market as on December 22, 2010
NSE
NIFTY opened at 6019 and went as high as 6023.80 before closing at 5984.60. The market touched lowest for the day at 5958. Selling was seen in oil&gas, capital goods, banks and auto stocks. Positive contributors of the market were Bharti Airtel, Jindal Steel, Hindalco, NTPC and Tata Motors. Negative contributors being Reliance, TCS,HDFC Bank and Wipro. Reliance lost 14.45 points. The market has support at 5953.67and 5922.93 and resistance at 6019.47 and 6054.53.
NIFTY opened at 6019 and went as high as 6023.80 before closing at 5984.60. The market touched lowest for the day at 5958. Selling was seen in oil&gas, capital goods, banks and auto stocks. Positive contributors of the market were Bharti Airtel, Jindal Steel, Hindalco, NTPC and Tata Motors. Negative contributors being Reliance, TCS,HDFC Bank and Wipro. Reliance lost 14.45 points. The market has support at 5953.67and 5922.93 and resistance at 6019.47 and 6054.53.
BSE
Sensex opened at 20118.82 and closed at 20015.80. The intraday high was at 20151.25 and low at 19931.31.. Top gainers of today’s market were Infosys,ITC SBI and ONGC.Top losers were Reliance ,ICICI Bank ,Larsen and HDFC. The market has support at 19914.32 and 19812.85. and resistance at 20134.26 and 20252.73.
Sensex opened at 20118.82 and closed at 20015.80. The intraday high was at 20151.25 and low at 19931.31.. Top gainers of today’s market were Infosys,ITC SBI and ONGC.Top losers were Reliance ,ICICI Bank ,Larsen and HDFC. The market has support at 19914.32 and 19812.85. and resistance at 20134.26 and 20252.73.
INTERNATIONAL MARKET
Asian stocks advanced, with the regional index near a 2 1/2-year high, as commodity producers gained after copper climbed to a record, crude oil rose and U.S. retail sales increased last week, adding to signs the economic recovery is on track.HANG SENG reached 23045.20 with an increase of 0.22%. Nikkei closed at 10346.50 after losing 24.05 points.European markets are also in the mixed trend.STOXX 50 was trading at 2874.17 after a decrease of 2.82 points.FTSE 100 gained 3.44 points and reached 5955.24.
FII INFLOW
The FII flow was negative today as the net flow recorded fell to 40.30 crore. The open interest in futures market recorded Rs 55016.26 crore as against Rs. 53600.64 crore on Monday. The open Interest in options was Rs. 57801.60 crore as against Rs. 56980.28 crore yesterday. The aggregate outstanding fell to Rs.112817.86 crore in the F&O segment from Rs. 110580.68 crore on the previous day. The FII interest in cash and F&O segment has increased 2.02 per cent today.
The FII flow was negative today as the net flow recorded fell to 40.30 crore. The open interest in futures market recorded Rs 55016.26 crore as against Rs. 53600.64 crore on Monday. The open Interest in options was Rs. 57801.60 crore as against Rs. 56980.28 crore yesterday. The aggregate outstanding fell to Rs.112817.86 crore in the F&O segment from Rs. 110580.68 crore on the previous day. The FII interest in cash and F&O segment has increased 2.02 per cent today.
Market Analysis: Ms.Malu Suresh
School of Asset Management
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