SENSEX 15873.95 -96.80
NIFTY 4750.50
-28.50
USD/INR 0053.02 +00.31
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UPDATEDTIME 09.28 PM 27 DECEMBER 2011
|
The Bombay
Stock Exchange's Sensex pared intraday gains and ended tepid session in the
negative territory as traders booked profits after the benchmarks touched
intermediate resistance levels. According to analysts, the lack of
participation from institutional investors and December expiry this week is
likely to keep the market range bound in the near term.
The Sensex closed at 15873.95, down 96.80 points or 0.61 per cent. The 30-share index touched intraday low of 15799.63 and high of 16049.12.
National Stock Exchange's Nifty ended at 4750.50, down 28.50 points or 0.60 per cent. The broader index touched a high of 4800.50 and low of 4723.65 in trade today.
"On the options front, aggressive put writing was seen at 4600 strike price followed by unwinding at 4700-4900 strike prices. On the call side, considerable unwinding of shorts was seen at 4600 & 5100 strike prices whereas writing was seen at 4700-5000 strike prices. The maximum OI concentration is now seen at 4600 strike price for put option and 4900 strike price for call option.
Now, Nifty future would find immediate resistance around 4820 levels, sustaining above which it can test 4880-4900 levels on upside whereas on the downside, it now finds support around 4720 levels, if it breaches this level on closing basis we may see a further downside towards 4640 or lower levels.
BSE Midcap Index was down 0.69 per cent and BSE Smallcap Index moved 0.35 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 1.72 per cent, BSE Metal Index declined 1.38 per cent and BSE Bankex moved 1.23 per cent lower.
DLF (-2.70%), Cipla (-2.68%), Coal India (-2.44%), Tata Steel (-2.42%) and Tata Motors (-2.36%) were amongst the top losers.
Tata Power (1.92%), Bajaj Auto (1.19%) ONGC (0.50%), ITC (0.37%) and Larsen & Toubro (0.30%) were the major Sensex gainers.
Tata Motors has asked an estimated 1.40 lakh Nano owners to bring back their cars for change of the starter motor free-of-cost. The company said it is changing the old starter motor with a new and 'better' one, an exercise that will reportedly to cost the firm around Rs 110 crore.
Kokilaben Ambani has set off feverish speculation that the rumoured thawing in the frosty relationship between Mukesh and Anil may be for real and deepening. Addressing a rare press conference she suggested that the no-holds-barred rivalry that defined relations between her sons was a thing of the past and the patch-up agreed in May last year was holding and perhaps growing stronger.
Shares of Reliance Industries ended 0.85 per cent lower, Reliance Communications rallied 5.11 per cent and Reliance Infrastructure closed 0.30 per cent higher.
Market breadth was negative on the BSE with 1178 gainers against 1495 losers.
Regards
The Sensex closed at 15873.95, down 96.80 points or 0.61 per cent. The 30-share index touched intraday low of 15799.63 and high of 16049.12.
National Stock Exchange's Nifty ended at 4750.50, down 28.50 points or 0.60 per cent. The broader index touched a high of 4800.50 and low of 4723.65 in trade today.
"On the options front, aggressive put writing was seen at 4600 strike price followed by unwinding at 4700-4900 strike prices. On the call side, considerable unwinding of shorts was seen at 4600 & 5100 strike prices whereas writing was seen at 4700-5000 strike prices. The maximum OI concentration is now seen at 4600 strike price for put option and 4900 strike price for call option.
Now, Nifty future would find immediate resistance around 4820 levels, sustaining above which it can test 4880-4900 levels on upside whereas on the downside, it now finds support around 4720 levels, if it breaches this level on closing basis we may see a further downside towards 4640 or lower levels.
BSE Midcap Index was down 0.69 per cent and BSE Smallcap Index moved 0.35 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 1.72 per cent, BSE Metal Index declined 1.38 per cent and BSE Bankex moved 1.23 per cent lower.
DLF (-2.70%), Cipla (-2.68%), Coal India (-2.44%), Tata Steel (-2.42%) and Tata Motors (-2.36%) were amongst the top losers.
Tata Power (1.92%), Bajaj Auto (1.19%) ONGC (0.50%), ITC (0.37%) and Larsen & Toubro (0.30%) were the major Sensex gainers.
Tata Motors has asked an estimated 1.40 lakh Nano owners to bring back their cars for change of the starter motor free-of-cost. The company said it is changing the old starter motor with a new and 'better' one, an exercise that will reportedly to cost the firm around Rs 110 crore.
Kokilaben Ambani has set off feverish speculation that the rumoured thawing in the frosty relationship between Mukesh and Anil may be for real and deepening. Addressing a rare press conference she suggested that the no-holds-barred rivalry that defined relations between her sons was a thing of the past and the patch-up agreed in May last year was holding and perhaps growing stronger.
Shares of Reliance Industries ended 0.85 per cent lower, Reliance Communications rallied 5.11 per cent and Reliance Infrastructure closed 0.30 per cent higher.
Market breadth was negative on the BSE with 1178 gainers against 1495 losers.
Regards
RAKESH MAKIN
+91,
9041667797(DIRECT), 9915684997
OFF
0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Group mail id: makin97NSEtips@yahoogroups.co.in
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