Analysis of Stock Market as on Janaury 03,2011
BSE
SENSEX today opened at 20621.61 and reached as high as 20664.80 and touched the lowest at 20531 before closing at ,20561.05 after gaining 51.59 points .The subindices which gained today were METAL,CD,BANKEX and POWER, while the indices in the downtrend were OIL&GAS,IT and AUTO. The market has resistance at 6175.03 and 6192.47. and support at 6143.68 and 6129.77 .
BSE
SENSEX today opened at 20621.61 and reached as high as 20664.80 and touched the lowest at 20531 before closing at ,20561.05 after gaining 51.59 points .The subindices which gained today were METAL,CD,BANKEX and POWER, while the indices in the downtrend were OIL&GAS,IT and AUTO. The market has resistance at 6175.03 and 6192.47. and support at 6143.68 and 6129.77 .
NSE
Nifty opened at 6177.45, went as high as 6178.55 and touched the lowest of the day at 6147.20.Nifty closed at 6157.60Most of the sub indices were in the positive trend.negative contributers for today’s market were ICICI Bank,Wipro and Reliance,while the positive contributers being,Bharti Airtel,ONGC,HUL and Infosys. The market has resistance at 20640.23 and 20719.42 and support at 20506.43.and 20451.82
TODAY’S FII FLOW
The FII flow recorded fell to 1101.50 crore. The open interest in futures market recorded Rs 46404.45 crore. The open Interest in options was Rs. 33279.31 crore. The aggregate outstanding fell to Rs.79683.76 crore.
Market Analysis: Ms. Malu Suresh
School of Asset Management
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