Analysis of Stock Market
DOMESTIC MARKET
Today the market is trading positively after heavy sell-off seen in previous five days. Nifty opened at 5901.30, and is currently trading at 5800.55 , with an increase of 37.70 points. Indices showing positive trend are INFRA ,BANK,DEFTY etc. Nifty has resistance at 5866.41 and 5969.98 and support at 5700.11 and 5637.38.
Sensex is trading at 19259.26 with 35.14 points up from previous closing. Most of the sub-indices are in the positive trend. Sensex has resistance at 19576.89 and 19929.66 and support at 19014.89 and 18805.66
INTERNATIONAL MARKET
Asian markets are showing a mixed trend. Japan’s Nikkei retreated 24.07 points and was trading at 10517.Topix rose 0.36 points and reached 926.78.Hong Kong’s Hang Seng was trading at 23574.80 with an increase of 47.59 points or 0.20%.
FII FLOW
The net FII flow to equity sector on Monday recorded a loss of Rs.966.60 crore as against 232 crore the previous day.The open interest for the previous day in Futures segment was Rs. 46625.26 crore as against 47257.11 on Friday. The open interest in Options segment was Rs. 42087.89 crore as against Rs. 38805.91crore the previous day. The aggregate open interest in derivative segment was 88713.15crore. This was 86063.02 crore Friday. It may be observed that the aggregate open interest rose 3.07 per cent.
NEWS
• The RBI will be holding the pre-credit policy meeting today.
Today's stock recommendation by analysts
COMPANY PRICE TARGET
HDFC 652.05- 685
Maruti Suzuki 1324- 1282
Hero Honda 1820.10- 1988
GSFC 325 -357
Market Analysis: Ms.Malu Suresh
School of Asset Management
www.schoolofassetmanagement.com
DOMESTIC MARKET
Today the market is trading positively after heavy sell-off seen in previous five days. Nifty opened at 5901.30, and is currently trading at 5800.55 , with an increase of 37.70 points. Indices showing positive trend are INFRA ,BANK,DEFTY etc. Nifty has resistance at 5866.41 and 5969.98 and support at 5700.11 and 5637.38.
Sensex is trading at 19259.26 with 35.14 points up from previous closing. Most of the sub-indices are in the positive trend. Sensex has resistance at 19576.89 and 19929.66 and support at 19014.89 and 18805.66
INTERNATIONAL MARKET
Asian markets are showing a mixed trend. Japan’s Nikkei retreated 24.07 points and was trading at 10517.Topix rose 0.36 points and reached 926.78.Hong Kong’s Hang Seng was trading at 23574.80 with an increase of 47.59 points or 0.20%.
FII FLOW
The net FII flow to equity sector on Monday recorded a loss of Rs.966.60 crore as against 232 crore the previous day.The open interest for the previous day in Futures segment was Rs. 46625.26 crore as against 47257.11 on Friday. The open interest in Options segment was Rs. 42087.89 crore as against Rs. 38805.91crore the previous day. The aggregate open interest in derivative segment was 88713.15crore. This was 86063.02 crore Friday. It may be observed that the aggregate open interest rose 3.07 per cent.
NEWS
• The RBI will be holding the pre-credit policy meeting today.
Today's stock recommendation by analysts
COMPANY PRICE TARGET
HDFC 652.05- 685
Maruti Suzuki 1324- 1282
Hero Honda 1820.10- 1988
GSFC 325 -357
Market Analysis: Ms.Malu Suresh
School of Asset Management
www.schoolofassetmanagement.com
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