Analysis of Stock Market as on December 28,2010
BSE
SENSEX today opened at 20056.47 and reached as high as 20090.41 and touched the lowest at 19981.76 before closing at 20025.42 after losing 3.51 points or 0.02%.The main market movers were BANKEX,METAL,CAPITAL GOODS and REALTY .Bankex lost 0.21 % while FMCG gained 0.63 %. The market has resistance at 6010.52.and 6025.03 and support at 5981.87 and 5967.73
SENSEX today opened at 20056.47 and reached as high as 20090.41 and touched the lowest at 19981.76 before closing at 20025.42 after losing 3.51 points or 0.02%.The main market movers were BANKEX,METAL,CAPITAL GOODS and REALTY .Bankex lost 0.21 % while FMCG gained 0.63 %. The market has resistance at 6010.52.and 6025.03 and support at 5981.87 and 5967.73
NSE
Nifty opened at 6005.35 went as high as 6010.90 and touched the lowest of the day at 5982.25.Nifty closed at 5996.The sub indices which showed positive trend were IT, DEFTY, INFRA and REALTY, and the indices showed negative trend were BANK NIFTY, VIX and NIFTY MIDCAP 50.Top gainers of the day were Suzlon, Ranbaxy RCOM and HDFC BANK, while the top losers were Tata Motors, Axis Bank and ICICI Bank. The market has resistance at 20083.30and 20141.18 and support at 19974.65.and 19923.88.
Nifty opened at 6005.35 went as high as 6010.90 and touched the lowest of the day at 5982.25.Nifty closed at 5996.The sub indices which showed positive trend were IT, DEFTY, INFRA and REALTY, and the indices showed negative trend were BANK NIFTY, VIX and NIFTY MIDCAP 50.Top gainers of the day were Suzlon, Ranbaxy RCOM and HDFC BANK, while the top losers were Tata Motors, Axis Bank and ICICI Bank. The market has resistance at 20083.30and 20141.18 and support at 19974.65.and 19923.88.
TODAY’S FII FLOW
The net FII flow to equity sector today recorded Rs.226 crore as against Rs.920.40 crore yesterday. . The open interest at the end of today in Futures segment was Rs.56251.32 crore as against 56157.54 on Monday. The open interest in Options segment was Rs.58431.21 as against Rs.58599.10 crore. The aggregate open interest in derivative segment was 114682.53 crore. This was 114756.64 yesterday. It may be observed that the aggregate open interest has slightly dropped today and the decline was in the futures segment.
INTERNATIONAL MARKET
Most of the Asian Markets were in the negative trend today. Nikkei dropped 0.61% or 63.36 points and closed trading at 10292.60.HANG SENG lost 212.07 points and reached 22621.70, while TOPIX reached 902.83 after losing 1.85 points. European markets are in a mixed trend. Stoxx 50 lost 1.19 points and was trading at 2825.32.DAX gained 2.37 points and reached 6973.10.
Market Analysis: Ms.Malu Suresh
School of Asset Management
School of Asset Management
Kochi
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