31.12.2015 Thursday Closing Note

Nifty50 opened flat, hovered around 7900 level, and in last hour of session surged above 7920 to close at 7946. India Vix opened in GREEN and closed in RED. NSE ADR opened above two and gradually slipped to close at 1.3. USD INR Jan'16 Future on NSE opened 0.2% higher but closed flat. 

NiftyMetal Index closed 0.5% higher. NiftyPharma Index closed 0.2% lower. NiftyIT Index closed 0.85% higher. NiftyReality Index closed 1.8% higher. BankNifty closed flat. NiftyAuto index closed 0.18% higher. NiftyFMCG Index closed 0.62% higher.

Reliance closed 0.6% higher. Pipavav Defence closed 3.1% higher. Welspun Corp closed 0.17% lower. TataSteel closed 0.14% higher. Glenmark closed 0.84% lower. SunPharma closed 1% higher. Cadila closed 14.9% down on news of USFDA warning letter. Infy closed 1.17% higher. TCS closed flat. HDIL closed 6.8% higher. Oberoi Reality closed 3.27% higher. ICICI Bank closed 0.51% lower. SBI closed 0.47% lower. PNB and Canara Bank made fresh 52 week low and closed in RED. Bosch closed 0.14% higher. TataMotor closed 0.47% lower.

On NSE, volume in Equity and Derivative segment was higher than previous session. As per EoD provisional statistics, FII/FPIs bough equity worth 1223 crore INR(net), and DIIs sold equity worth 257 crore INR(net).

At the end of session, India Vix is placed in RED. NSE ADR is placed above one. Both these together indicates strength in market.

All the Best Wishes for 2016.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  31.12.2015 Thursday  22:30 hours  IST 

30.12.2015 Wednesday closing note

Nifty50 opened in upward gap, tested yesterday's high at 7944, hovered around 7930 level, slipped in RED to close just below 7900. India Vix opened in RED and closed GREEN. NSE ADR opened above one and gradually slipped below one. 

NiftyMetal Index closed 0.32% higher. NiftyPharma Index closed 0.3% lower NiftyIT Index closed 1.2% lower. NiftyReality Index closed flat. BankNifty closed 0.43% lower. NiftyAuto index closed 0.35% lower. NiftyFMCG Index closed flat.

Reliance closed 1.2% lower. Pipavav Defence closed 2.7% lower. Welspun Corp closed 1% higher. TataSteel closed 1.3% higher. Glenmark closed 0.4% lower. SunPharma closed flat. Infy closed 1.5% lower. TCS closed 1.3% lower. Oberoi Reality closed 0.5% lower. ICICI Bank closed 0.85% lower. SBI closed 1% lower. Bosch closed flat. TataMotor closed 0.55% higher.

On NSE, volume in Equity and Derivative segment was higher than previous session. As per EoD provisional statistics, FII/FPIs bough equity worth 152 crore INR(net), and DIIs sold equity worth 74 crore INR(net).

At the end of session, India Vix is placed in GREEN. NSE ADR is placed below one. Both these together indicates weakness in market.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  30.12.2015 Wednesday  23:00 hours  IST 

29.12.2015 Tuesday Closing Note

Nifty50 opened in upward gap, made day's high at 7943, slipped into RED to test 7900 level, recovered to close in GREEN. India Vix opened in GREEN and closed RED. NSE ADR opened above one and gradually slipped below one. 

NiftyMetal Index closed 0.22% lower. NiftyPharma Index closed 0.11% higher NiftyIT Index closed 0.16% lower. NiftyReality Index closed 1.28% lower. BankNifty closed flat. NiftyAuto index closed 0.5% higher. NiftyFMCG Index closed 0.5% lower.

Reliance closed 0.36% higher. Pipavav Defence closed 7.3% lower. Welspun Corp closed 0.4% lower. TataSteel closed 0.83% higher. Glenmark closed 0.87% higher. SunPharma closed flat. DRL closed 0.96% lower. Infy closed 0.16% lower. TCS closed 0.54% lower. Oberoi Reality closed 3.16% lower. ICICI Bank closed 0.64% higher. SBI closed 0.22% lower. Bosch closed 0.68% higher. TataMotor closed 0.84% lower.

On NSE, volume in Equity and Derivative segment was higher than previous session. As per EoD provisional statistics, FII/FPIs bough equity worth 8 crore INR(net), and DIIs bought equity worth 6 crore INR(net).

At the end of session, India Vix is placed in RED. NSE ADR is placed below one. Both these together indicates neutral view.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  29.12.2015 Tuesday  20:00 hours  IST 

28.12.2015 Monday Closing Note

Nifty50 opened flat, hovered around 7900, made day's high at 7937 and finally closed flat at 7925. India Vix traded in GREEN and closed 4.78% higher at 14.40. NSE ADR opened near three and gradually slipped to close at 1.3. 

NiftyMetal Index closed 1% lower. NiftyPharma Index closed 1.81% higher. NiftyIT Index closed 0.78% higher. NiftyReality Index closed 0.53% higher. BankNifty closed 1% higher. NiftyAuto index closed 1.1% higher. NiftyFMCG Index closed 0.47% higher.

Reliance closed 0.95% higher. Pipavav Defence closed 3.24% lower. Welspun Corp closed 3.54% higher. TataSteel closed 3.4% lower. Glenmark closed 0.2% lower. SunPharma closed 2.93% higher. DRL closed 3.75% higher. Infy closed 0.68% higher. TCS closed 0.93% higher. Oberoi Reality closed 2.69% higher. ICICI Bank closed 2.35% higher. SBI closed 0.13% higher. Bosch closed 1.15% higher. TataMotor closed 3.26% higher.

On NSE, volume in Equity and Derivative segment was higher than previous session. As per EoD provisional statistics, FII/FPIs sold equity worth 302 crore INR(net), and DIIs bought equity worth 987 crore INR(net).

At the end of session, India Vix is placed in GREEN. NSE ADR is placed above one. Both these together indicates neutral view.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  28.12.2015 Monday  20:00 hours  IST 

24.12.2015 Thursday

Nifty50 opened in upward gap at 7888, hovered around 7860, made day's low at 7835 and after V shape recovery, finally closed flat at 7861. India Vix traded in RED and switched into GREEN zone to close in GREEN. NSE ADR hovered around two, gradually slipped to close at 1.3. 

NiftyMetal Index closed 0.83 % higher. NiftyPharma Index closed 0.09% lower. NiftyIT Index closed 0.1% lower. NiftyReality Index closed 0.38% lower. BankNifty closed 0.42% lower. NiftyAuto index closed 0.32% higher. NiftyFMCG Index closed 0.0.37% higher.

Reliance closed 0.14% lower. Pipavav Defence closed 19% higher. Hindalco closed 1.9% higher. Vedanta closed 3.1% higher Glenmark closed 2% lower. AuroPharma closed 0.1% higher. Infy closed 0.46% lower. TCS closed 0.38% higher. Oberoi Reality closed 0.1% higher. .ICICI Bank closed 1.28% lower. SBI closed 0.5% lower. PNB made fresh 52 week low and closed 1% lower. Bosch closed 0.15% lower. TataMotor closed 1% higher. Marico closed 1% higher.

On NSE, volume in Equity and Derivative segment was lesser than previous session. As per EoD provisional statistics, FII/FPIs sold equity worth 112 crore INR(net), and DIIs bought equity worth 8 crore INR(net).

At the end of session, India Vix has placed well below 15 in GREEN. NSE ADR is placed above one. Both these together indicates neutral view.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  24.12.2015 Thursday  21:00 hours  IST 

23.12.2015 Wednesday Closing Note

Nifty50 opened in upward gap, hovered around 7860, made day's high at 7871 and finally closed 1% higher at 7865. India Vix traded in RED and closed in RED. At the start of session NSE ADR was well above five, which gradually reduced to 1.5 at the end of session. On NSE, USD-INR Dec. future closed 0.17% lower.

All sectoral Indices closed in GREEN. NiftyMetal Index closed 2.2% closed higher. NiftyPharma Index closed 1.8% higher. NiftyIT Index closed 0.9% higher. NiftyReality Index closed 1.2% higher. BankNifty closed 0.8% higher. NiftyAuto index closed 0.14% higher. NiftyFMCG Index closed 0.4% higher.

Reliance closed 1.76% higher at 1004 INR. Indian Hotel closed 3.1% higher. R-Com closed made new 52 week high and closed 0.7% higher at 86.25 INR. Indigo closed 1.5% higher. Hotel Leela closed 0.73% higher. Hindalco closed 5.7% higher. Vedanta closed 3.9% higher TataSteel closed 2.95% higher. SunPharma closed 3.8% higher. AuroPharma closed 3.4% higher. Infy closed 1.5% higher. TCS closed 0.57% higher. Oberoi Reality closed 3.2% higher. HDIL closed flat.ICICI Bank closed 1% higher. SBI closed 0.6% higher. PNB hit 52 week low and bounced to close 0.4% higher. Bosch closed 0.9% higher. Motherson Sumi closed 2.2% higher. HUL closed 1.26% higher. Nestle closed 0.47% higher. 

On NSE, volume in Equity and Derivative segment was higher than previous session. As per EoD provisional statistics, FII/FPIs bought equity worth 385 crore INR(net), and DIIs bought equity worth 632 crore INR(net).

At the end of session, India Vix has placed well below 15 in RED. NSE ADR is placed above one. Both these together indicates internal strength in market.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  23.12.2015 Wednesday  22:00 hours  IST 

22.12.2015 Tuesday Closing Note

Nifty50 opened in downward gap, slided to 7800 level. In four hour of trade, Nifty50 gained forty point to make intra-day high at 7846. Thereafter, Nifty50 sheded seventy point in one hour of trade; made intra-day low at 7776 and after minor bounce, finally closed at 7786. In morning session, India Vix traded in RED and finally closed in GREEN. For most part of session, NSE ADR hovered around two, and finally closed slightly below one. USD INR Dec. future on NSE, traded flat and closed at 66.33 INR. In afternoon session, Nifty50 near month future i.e. Dec. future, slipped into discount and closed in discount. 

Volume in NSE Cash and Derivative segment was higher than previous session. As per provisional EoD statistics, FII/FPIs bought equity worth 168 crore INR(net) and DIIs bought equity worth 238 crore INR(net).

NiftyPharma Index closed 0.34% higher. All other sectoral Indices closed in RED. BankNifty closed in 0.45% lower. NiftyAuto Index closed 0.68% lower. NiftyIT closed 1.15% lower. NiftyMetal Index closed 1% lower. NiftyFMCG closed 1.15% lower. NiftyReality closed 0.15% lower.

Reliance closed 0.6% lower at 985 INR. HDIL closed 3,7% higher at 73 INR. Infy closed 1.67% lower. TCS closed 1.6% lower. SunPharma closed 1.37% higher. Glenmark closed 1.26% higher. TataSteel closed 0.4% lower. Hindalco closed 1.8% lower at 79.85INR. Godrej Consumer Product closed 2.56% higher. Indico closed 7.67% higher at 1164 INR. Nestle closed 1% higher. PNB hit 52 week low and closed 1.67% lower. SBI closed 0,78% lower. BharatForg closed 1.4% higher. Bosch closed 1.4% lower at 18035 INR.    

India Vix is continuously closing below fifteen, since last four session (including today's session). On daily chart, Nifty50 made "Bullish Engulfing" candle without volume on Monday, whereas today it made "Bearish Harami" candle with volume. All these together indicates decisive move in either direction. 

At the end of session, India Vix is placed in GREEN zone and NSE ADR has placed below one. Nifty50 near month future closed in discount. Together all these indicates some internal weakness.In absence of  any major domestic trigger, Nifty50 likely to follow global cue.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  22.12.2015 Tuesday  21:30 hours  IST 

21.12.2015 Monday Closing Note

Nifty50 opened in downward gap, made low at 7733. Thereafter, Nifty50 continuously rise to made day's high at 7840, finally closed at 7834. IndiaVix opened in GREEN, and finally closed in RED. NSE ADR hovered around three and closed at 2.5. NSE-USD-INR Dec future closed 0.1% lower at 66.38 INR.

BankNifty closed 1.4% higher. NiftyAuto Index closed 0.94% higher. NiftyMetal Index closed 1.56% higher. NiftyIT Index closed 0.02% higher. NiftyPharma closed 0.9% lower. NiftyFMCG Index closed 1.62% higher. NiftyRelity closed 1.2% higher.

Reliance closed 0.14% lower at 990.50 INR. Nestle closed flat at 5675 INR. Rcom closed 0.6% higher. Indian Hotel closed 1.9% higher at 113 INR. ICICI Bank closed 3% higher. SBI closed 1.77% higher. M&M closed 2.8% higher. Bosch closed 0.2% higher. Maruti closed 0.31% higher. Infy closed 2.2% higher. TCS closed 1.08% higher. Glenmark closed 2% higher. DRL closed 1.1% higher. SunPharma closed 4% lower. Vedanta closed 2.7% higher. TataSteel closed 0.74% higher. ITC closed 2.76% higher. HDIL closed 8% higher. Godrej Property closed 2.6% higher.  

Volume in NSE equity segment was less than previous session, whereas volume in NSE Derivative segment was higher. As per EoD statistics, FPI/FIIs bought equity worth 37 crore INR(net). DIIs bought equity worth 62 crore INR(net). 

At the end of session, IndiaVix is placed in RED and NSE ADR is placed above two. Together both these indicates internal strength of market. This week has only four trading session, as Market will observe Christmas holiday on Friday.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  21.12.2015 Monday  20:30 hours  IST 

18.12.2015 Friday Closing Note

Nifty50 opened in downward gap at 7829 and hovered around 7800. In last hour Nifty50 slipped to day's low at 7753 and finally closed 1% down at 7762. On daily chart, Nifty50, filled up downward gap between 7853 and 7824 made on 3rd and 4th Dec'15. India Vix traded in Green and closed below 15 in GREEN. NSE ADR flip-flop above and below level of one and finally closed below one. USD-INR Dec. future on NSE hovered around 66.5 INR and closed flat at 66.47 INR.

NiftyReality Index closed 0.27% higher. Except NiftyReality Index, all other sectoral Indices closed in RED. NiftyIT closed 1.35% lower. NiftyPharma closed 0.92% lower. NiftyMetal closed 1.27% lower. BankNifty closed 0.88% lower. NiftyFMCG closed 0.64% lower. NiftyAuto Index closed 0.86% lower. 

Reliance closed 1.9% lower. Oberity relaity closed 3% higher. Infy closed 1.9% lower. Tech Mahindara closed 1.5% lower. TCS closed 1.2% lower. Glenmark closed 2.3% higher. SunPharma closed 1% down. Vedanta closed 3.1% lower. Welspun Corp closed 2.9% lower.TataSteel closed 0.45% lower. SBI closed 2% lower. ICICI Bank closed 1.2% lower. PNB closed 0.37% lower. HUL closed 1.3% lower. Nestle closed 3.7% lower. Coffee Day closed 0.42% higher. ApolloTyre closed 1.9% lower. Maruti closed 1% lower. Bosch closed 0.8% lower.

Volume in NSE Equity segment was higher, whereas volume in NSE Derivative segment was slightly less than previous session. As per provisional EoD statistics, FPS/FIIs sold equity worth 7 crore INR (net) and DIIs sold equity worth 400 crore INR (net). 

At the end of session, India VIX closed in GREEN and placed below 15. At the end of session, NSE ADR is placed below one. Together both these indicates weak opening for Nifty50 on Monday. Lately in US market Dow opened in downward gap and traded in RED. 

Have a Nice Week End. 

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  18.12.2015 Friday  22:30 hours  IST 

17.12.2015 Thursday Closing Note

USFED raised rate by 0.25%. USFED statement had positive impact. Nifty50 opened in upward gape, touched 7800 level and slipped back to test 7744 level. After hovering around 7744 level, Nifty50 bounced hundred plus point. Nifty50 finally closed 1.13% higher at 7844. India Vix traded in RED and closed 15% lower at 14.21. NSE ADR hovered around three and at the close, it was placed near four. USD-INR Dec. future opened in downward gape and finally closed 0.5% lower at 66.52 INR.

All sectoral Indices closed in GREEN. NiftyMetal Index closed 3.32% higher. NiftyAUTO Index closed 1.4% higher. NiftyIT Index closed 1.17% higher. BankNifty closed 0.98% higher. NiftyFMCG closed 0.76% higher. NiftyPharma Index closed 1.15% higher. NiftyReality Index closed 1.36% higher.

Reliance closed 3.5% higher at 1013 INR. TataSteel closed 5.2% higher. Welspun corp closed 6.2 % higher. M&M closed 2.6% higher. Bosch closed 2% lower. TCS closed 1% higher Infy closed 0.88% higher. SBI closed 1.6% higher. PNB closed 1.55 higher. TataGlobal Beverages closed 4.25% higher. SunPharma closed 1.9% higher. Glenmark closed 3.3% higher. DRL closed 0.78% higher. Godrej Property closed 0.7% higher.

Volume in NSE Equity and Derivative segment was higher. As per provisional End of Day statistics, FPS/FIIs bought equity worth 630 crore INR(net), where as DIIs sold equity worth 360 crore INR (net).

At the end of session, India VIX placed below 15 and NSE ADR is placed at four. This indicates market is entering into overbought territory.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  17.12.2015 Thursday 17:30 hours  IST 

16.12.2015 Wednesday Closing Note

Nifty50 opened in upward gape, made intra-day high at 7778 and thereafter hovered around 7760. Nifty50 finally closed 0.65% higher at 7750. India Vix traded in RED and closed in RED. NSE ADR opened near to three and declined to close slightly above one. After opening in downward gape, USD-INR Dec. future closed 0.38% lower at 66.84 on NSE.

After opening in upward gape, BankNifty hovered around 16600 and closed 1.1% higher at 16579. NiftyAUTO Index negatively reacted to H'ble SC's verdict on Diesel vehicles and closed 0.58% lower. NiftyIT Index closed 0.8% higher. NiftyPharma Index closed 0.7% higher. NiftyFMCG Index closed 0.76% lower. NiftyMetal Index closed 0.1% higher. NiftyReality closed 1.1% higher.

ICICIBank closed 2.5% higher. PNB hit 52 week low and closed at 0.53% lower. SBI closed 0.35% higher. BharatForge closed 2.25% higher. M&M closed 5% lower. Bosch closed 0.45% lower. ApolloTyre closed 0.9% higher. Infy closed 1.54% higher at 1094. TCS closed 1.33% higher. SunPharma closed 1.4% higher. DRL closed 0.45% higher. Glenmark closed 0,96% higher. Welspun corp closed 2.45% higher. TataSteel closed 0,43% higher. IBReality closed 1.2% higher.  TataGlobal Beverages closed 2,5% higher. Godrej Consumer products closed 0.94% higher. Britania closed 2.33% lower.

Volume in NSE cash and derivative segment was higher. As per provisional data, FII/FPIs sold equity worth Rs 500 crore INR(net), whereas DIIs bought equity worth 1024 coroe INR(net).

India Vix closed in RED and NSE ADR is placed near one. H'ble FM's statement that "GST bill will not be presented in on-going winter session of parliament "   and   tonight's USFDA decision on "Rate Hike" will be guiding factor for following session.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date : 16.12.2015 Wednesday  20:45 hours  IST 

15.12.2015 Tuesday Closing Note

After flat opening Nifty50, slipped in RED. Without breaching 7600 level, Nifty50 bounced and closed 0.66% higher at 7700. In morning session, India Vix traded in GREEN but finally closed in RED. NSE ADR remained above one and closed near to two. USD-INR Dec. future on NSE opened in down ward gape and closed 0.2% lower at 67.09 INR.

Reacting to news of petrol & diesel price reduction, 14 out of 15 NiftyAuto Index stocks closed in Green. NiftyAuto Index closed 1.5% higher. BankNifty Index closed 0.3% higher. NiftyFMCG Index closed 1.2% higher. Nifty Pharma Index closed 0.6% higher. NiftyIT Index closed 0.37% lower. NiftyMetal Index closed 0.25% lower. NiftyRealty Index closed 0.87% higher.

Bharat Forge closed 3.8% higher. Bosch closed 3% higher. TataMotor closed 2% higher. After hitting fresh 52 week low in intraday trade, KotakBank closed 1.5% higher. Axis Bank finally closed 0.67% higher.  CanaraBank made fresh 52 week low and closed 1.5% lower. Godrej consumer product closed 3.3% higher. HUL closed 2.6% closed higher. Nestle closed 1% lower. SunPharma closed 0.5% higher. DRL closed 0.7% lower. AuroPharma closed 0.3% lower. Infy closed 0.84% higher. TCS closed flat. Reacting to news of foreign company acquisition in non-core area, Tech Mahindra closed 4% lower. TataSteel closed 0.2% lower. OrissaMines closed 1.7% lower. Vedanta closed 0.6% lower. IBReal Estate closed 4.7% higher. Godrej Property closed 1.8% higher.

Volume in NSE cash and equity segment was lower. As per provisional End of Day statistical figures FIIs bought equity worth 48 crore INR(net) and DIIs also bought equity of 270 crore INR(net).

At the end of session, India Vix was placed in GREEN and NSE ADR was placed near to two. Together both these indicates, some optimism prevailing in market. Major move in market is expected after US FED decision. In case, the optimism will not materialise, sharp fall in Nifty can not be ruled out.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  15.12.2015 Tuesday  20:45 hours  IST 

14.12.2015 Monday Closing Note

Nifty50 opened in downward gape, pulled back and hovered around 7650. In afternoon session, Nifty50 fell back to 7600 and made V shape recovery. After making intra-day high at 7663, Nifty50 closed at 7650. India VIX traded in GREEN. NSE ADR closed above one. NSE USD-INR Dec future closed 0.3% higher.

NiftyMetal Index closed 2.3% higher. BankNIfty opened in downward gape but finally closed flat. NiftyAUTO Index closed 0.25% higher. NiftyPharma  Index closed 0.92% higher. NiftyIT Index closed o,5% higher. NiftyFMCG closed 0.4% higher. NiftyReality Index closed 0.2% lower.

M&M closed 2.5% higher. Maruti closed 2.45% higher. Apollo Tyre closed 2.47% higher. Bosch closed 0.4% lower. SBI closed 0.75% lower. Axis Bank made fresh 52 week low and closed 2.13% lower. ICICI Bank and Canara Bank also made fresh 52 week low. KotakBank closed 1.47% higher. Infy closed 1.4% higher. TCS closed 0.46% lower. JSW Steel closed 5.8% higher. Jindal Steel closed 4.5% higher. Hindalco closed 3.6% higher. Orissa Mines and NMDC made fresh 52 week low. Cadila Healthcare closed 2.5% higher. Auro Pharma closed 1,7% higher. SunPharma closed 1.4% higher. Glenmark closed 1.4% lower.

Volume in NSE Equity and Derivative segment was flat. As per end of day statistics, FIIs sold equity worth 155 crore INR(net). DIIs bought equity worth Rs 380 crore INR(net). 

At the end of session, India Vix is placed in GREEN and NSE ADR is placed at more tahn one.. Together both these indicates neutral view with slightly negative bias for following session. On back of higher MoM CPI inflation data for November, Nifty50 may open in downward gape and likely to consolidation around 7580 level, unless some political news flow from Delhi change the view.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  14.12.2015 Monday  20:45 hours  IST 

11.12.2015 Friday Closing Note

Nifty50 opened in upward gape, but failed to sustain above 7700. During first hour Nifty50 tested 7680 level and thereafter witnessed "free fall". Reacting to some negative news, Nifty50 fell by 100 point in two hour of trade to break 7600 level. After small technical bounce, Nifty50 again pushed back to make fresh low at 7575. Finally, Nfity50 closed at 7610. India VIX traded in GREEN. NSE ADR closed near to 0.5. USD_INR  Dec future closed 0.2% higher.

Except NiftyMetal, NiftyPharma and NiftyFMCG all other sectoral Indices closed in RED. NiftyReality Index closed 2.8% lower. BankNifty Index closed 2,2% lower. NiftyAUTO Index closed 1.75% lower. NiftyIT closed 0.1% lower. Nifty FMCG closed flat. NiftyPharma Index closed 0.1% higher. NiftyMetal Index closed 0.58% higher.

After volatile movement in narrow range, finally Reliance closed flat at 950 INR, just below its 20D SMA. Axis bank, ICICIBank, PNB, CanaraBank each made 52 week day low. Bosch made 52 day low and closed 2.4% lower. ApolloTyre made 52 week low. TataMotor closed 2.7% lower. Infy closed 0.8% higher. Wipro closed 0.17% higher. TCS closed flat. DRREDDY closed 0.9% lower. SunPharma closed flat. OrissaMines made 52week low. TataSteel closed 3.5% higher. Welspun Corp closed 2% lower. L&T made 52 week low and closed 1.8% lower.


Volume in NSE Cash segment and NSE Derivative was higher. FIIs and DIIs both tunned out net buyer of 250 crore INR(net) and 290 crore INR(Net) respectively. IndiaVix closed in Green and at closing NSE ADR is placed near 0.5, which reflects nervousness in market. 

Highest OI of near month "PUT OPTIONS" of Nifty50 is bluit at 7500 strike. Therefore, Nifty50 is likely to test 7540 level in next week. Needless to say that further movement will be guided by political news and outcome of USFED meeting.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  11.12.2015 Friday 23:00 hours  IST 

10.12.2015 Thursday Closing Note

Nifty50 opened in upward gape at 7640. Amid some encouraging statement on GST, Nifty50 surged 40 point in just 10 minute. Nifty50 made day's high at 7692 and finally closed at 7683. In morning session,  India VIX traded in GREEN, but finally closed in RED. NSE ADR opened above one and closed well above two. USD-INR December future hovered around 67INR and closed at 67INR level.

Except NiftyPharma Index all other sectoral Index closed in GREEN. NiftyEnergy Index closed 2.5% higher. NiftyMetal Index closed 1,8% higher. NiftyReality Index closed 1.7% higher. NiftyIT Index closed 1.15% higher. NiftyPharma Index closed flat. NiftyAuto Index closed 0.2% higher. After trading in RED, BankNifty finally closed 0.3% higher.

Reliance closed 3.6% higher at 949INR, slightly below its 20D SMA, but above its 200D SMA & 50D SMA. Tatasteel and JindalStell each closed 3% higher.  MindTree, Cyient,  Oracle finance, Infy, TechMahendra each closed 2% higher. AuroPharma closed 2.5% higher. DRREDDY traded in green, but finally closed 0.4% lower. SunPharma closed flat. Glenmark closed 2.2% lower. AshokLeyland closed 2.8% higher. Bosch closed 2.1% higher at 18740INR. KotakBank closed at 1.5%. SBIN closed 1% lower. Canara Bank, AxisBank and Bank of India made fresh 52 week low in today's session. Reliance Communication closed 3% higher at 78.40INR. Welspun corp closed 1.4% higher.

Volume in NSE cash segment was flat, whereas volume in NSE Derivative segment was low. As per provisional figures, FIIs sold (net) equity worth 580 crore INR whereas DIIs bought (net) equity worth 410 crore. 

At the end of session, India VIX closed in RED and NSE ADR is placed at well above 2. Together these two, they indicate firm opening in follow up session. Political news is likely to guide further movement. 

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  10.12.2015 Thursday  22:45hours  IST 

09.12.2015 Wednesday Closing Note

Nifty50 opened flat and hovered around 7660. Amid some political development, hopes of passing GST Bill in this parliament session diminishes which lead to Nifty50 to 7612 at closing. India VIX traded in GREEN. NSE ADR remained well below 0.2. USD-INR Dec future hovered  around 67 level and closed flat. Compared to previous session. NSE cash segment and NSE Derivative segment witnessed higher volume. 

Needless to say that all sectoral Indices closed in RED. NiftyMetal Index closed 3% lower. NiftyPharma Index closed 2% lower. NiftyAuto Index closed 1.7% lower. NiftyIT Index closed 0.5% lower. BankNifty closed 0.8% lower. NiftyInfra Index closed 1.5% lower.

Vedanta closed 5.5% lower. Jindal Steel and Welspun corp each closed 4% lower. Coal India, Tata Steel and National Aluminum each closed 3% lower. Glenmark closed 5% lower. Lupin and Cipla each closed 3% lower. Apollo Tyre made fresh 52 week low. Exide Industry made 52 week low. Bosch closed 0.9% lower. Cyient Limited closed 2.7% higher TCS closed 1.7% higher. Infy closed 1.9% lower.  Bank of India and Canara Bank made fresh 52 week low. Bharat forge closed 3.9% lower. L&T made 52week low and closed 1.6% lower at 1300INR. Adani port made 52 week low. Bharti Airtel also made 52 week low. On fear that buying of new IPL team might affect balance-sheet negatively, CESE stock closed 5.7% lower. 

As per provisional Data, FIIs sold equity worth 527 crore INR (net basis). DIIs purchased equity worth 864 crore INR (Net basis). India VIX and NSE ADR both together indicates that market is  in overselling territory. Further development in political front and news from Chines market will continue to guide the further direction of market.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :- 09.12.2015 Wednesday 18:00 hours  IST 

08.12.2015 Tuesday Closing Note

Nifty50 opened in downward gape and hovered around 7740. News of parliament disruption pushed Nifty50 below 7700 level, before final closing at 7701.  India VIX traded flat, slipped into RED and finally closed in GREEN.  NSE  ADR hovered around 1 and deteriorated to close well below 0.5 level.  Volume in NSE Derivative segment was higher, whereas Volume in NSE Equity segment was flat. USD-INR Dec. future hovered around 67INR and closed slightly above 67 INR.

All sectoral Indices closed in RED. NiftyReality Index 4% lower. NiftyMetal Index closed 3% lower. Nifty Small Cap Index closed 2% lower. Nifty Mid cap Index closed 1.2% lower. NiftyPharma Index closed 1% lower.

Bank of India closed 3.3% lower. Canara Bank closed 1% lower. Both these stocks made fresh 52week low. SBI closed at 1.3% lower. Jindal steel closed 5% lower. Vedanta closed 4% lower. NMDC and Orissamine made fresh 52 week low and closed 2% lower.  Infy closed 0.4% lower. TCS closed 0.3% higher. TechMahindra closed 2.8% lower. IndiaBull RealEstste closed 7.8% lower. NiftyAUTO Index closed flat. Bosch closed 0.3% higher.  DrReddy stock witnessed hammering and closed 4.2% lower and made fresh 52week low. Glenmark closed 2.7% lower. SunPharma closed 0.8% lower. 

IndiaVix closed in GREEN, NSE ADR is well below 0.5. Together both these indicates market is entering into oversold zone. In next session, gape down opening is expected for Nifty. Depending on further political development, sharp pull back may not be ruled out.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :- 08.12.2015 Tuesday 17:45 hours  IST 

07.12.2015 Monday Closing Note

Important development during week-end,
(a) Chennai returning to normalcy.
(b) Gold Prices in US market surged in friday's session,
(c) OPEC decided to increase daily production cap,
(d) On friday, US market's closed with handsome gain.
         
Taking clue from Asian peers, Nifty50 opened in upward gape, but failed to sustain above 7800 mark. After making low at 7746, Nifty50 finally closed  at 7765. NSE ADR opened well above one, kept falling and finally closed below one. After touching 66.80 level, USD-INR Dec. future was trading flat at 66.95 level. India VIX, finally closed in RED,after trading in GREEN in morning session. Compared to last session on friday, Volume in Cash & Derivative segment was low in NSE.  

NiftyFMCG Index closed 2.7% lower. NiftyPharma Index closed 1% higher. BankNifty, NiftyIT Index and NiftyMedia Index closed with minor gain. NiftyAuto and NiftyMetal Index closed with minor loss. 

ITC closed 7% lower, reacting to unconfirmed news of proposed higher GST Tax rate on cigarettes and luxury items. ITC pulled NiftyFMCG Index down. SunPharma extended friday's gain and closed 2.9% higher. Infy had quite session and closed flat. Bosch closed 0.5% higher. Most PSU banks closed in RED. Stock prices of Bank of India closed 1.5% lower. Stock prices of Canara Bank closed 0.08% lower. Both these stock prices made fresh 52 week low. SBI closed 0.9% lower at 239 INR. which is below its all three SMA i.e. 200Day, 50Day & 20 Day SMA.  

  

As per end of day's provisional statistics, FIIs sold equities worth 65 crore INR (net) and DIIs also sold 55 crore INR (net). India VIX closed in RED and NSE ADR is placed at slightly less than 1. Together all these indicates, lack luster session to follow. 

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :- 07.12.2015 Monday 18:15 hours  IST 

04.12.2015 Friday Closing Note

Continuing its downward slide Nifty50 opened in downward gape at 7817 and hovered around 7800. In afternoon session Nifty50 tested its opening level, and after making day's high at 7821, finally closed at 7781. Throughout the session NSE ADR remained below 1,  and  closed well below 1. India VIX was volatile but remained in GREEN before closing flat. After opening in upward gape above 67 INR level, USD INR December future was also volatile and finally closed flat below 67 INR.

Barring NSE Pharma Index, all other sectoral Indices on NSE closed in RED. NSE Media Index was worst performer and closed 2% lower. Bank Nifty, NSE Auto Index, NSE IT index, NSE FMCG Index, NSE Reality Index - all closed 1 % lower.  

After witnessing handsome gain in last two session, Hotel stocks witnessed selling and finally closed 2 to 5% lower. On short covering Sunpharma surged to 773 INR and finally closed 3.8% higher at 755 INR. On back of news that Reliance Communication has signed non-binding agreement with prospective buyer to sell its tower business at 22,000 crore INR, share prices fell below 80 INR level in intra day trade, mostly on profit booking sell. Stock price witnessed massive rally from 65 INR  to 83 INR in just 8 session, after company announced its decision to reduce debt by hiving of tower asset. Stock prices finally closed 3% lower at 81 INR. In a quite session, Bosch closed 0.6% lower at 18,380 INR.

US FED Chairman M/s Jenet Yelen indicated that FED will hike rates in December meeting. Some unconfirmed news on some progress on of with Mauritius double taxation treaty modification were shown on electronic media,  Effect of both of these was visible in the end of day provisional figures, which shows that .FII/FIPs sold equity worth 1,745 crore INR (net) - highest ever after the massive sellout in last week of August'2015. Against this, DIIs emerged as net buyers of 1060 crore INR. At the closing, NSE ADR was well below 1 and India VIX was flat. Together both, indicates neutral view with downward bias, for Monday's Nifty opening.

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :- 04.12.2015 Friday 20:45 hours  IST

03.12.2015 Thursday Closing Note

Auto majors have manufacturing facilities in and around Chennai, which is called Detroit of India.. Leading IT companies of India have operation centers in Chennai IT park. Due to ongoing flood situation in Chennai. and news flow that Government may downwardly revise GDP target, Nifty opened in downward gape and tested 7880 level in morning trade. European Markets opened in GREEN and pulled Nifty above 7900. In last half hour of trade, Nifty broke 7880 with momentum. After making low of 7853, Nifty finally closed at 7864. Throughout session, India VIX kept rising and remained in GREEN zone. After hovering around 1, NSE ADR finally closed below 1. USD-INR December or 1-M future moved in narrow range and finally closed flat at 66.90 INR

Except NSE Reality Index, all sectoral Indexes closed in RED. NSE Metal Index closed 1.5% lower with most of Metal Index stocks closed below 2%. NSE Pharma Index closed 1% lower with all Index stocks closing in RED. Bank Nifty also closed 0.6% lower.  Reliance Communication closed 6% higher at 83.60 INR with volume. On follow up buying, Indian Hotel closed 5% higher at 109.3 INR with volume. Bosch closed flat. Apollo Tyre closed 3.5% lower at 158.20 INR on back of report that it will lose production loss due to Chennai flood. Infy moved in narrow range and had flat closing. SunPharma closed 0.8% lower at 725.8 INR. PNB closed 2.4% lower at 136.25INR.

At the time of writing of this post, ECB didn't increased the quantum of current program as expected by market and cut the deposit rate. European stock market closed 3 to 3.5% lower. after opening higher. US FED chairman Ms Jenet Yellen indicated that, US FED will hike gradually. As per provisional figures, today FII sold equity worth 610 crore INR where as DII bought equity worth 520 crore INR. As India VIX closed in Green and NSE ADR is less than 1. Both these indicates future weakness.

Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group. 

Written Date :- 03.12.2015 Thursday 22:15 hours  IST

02.12.2015 Wednesday Closing Note

After opening in upward gape at 7976, Nifty50 continued to slide. After making low at 7910, Nifty50 consolidated at 7920 level and finally closed at 7931. NSE ADR hovered around 1. India VIX made intra day low below 15, bounced back into GREEN, and finally closed in RED. 

In today's trade, most hotel stocks gained and closed 5 to 10% higher.  Fundamentally, low "occupancy level" and "high debt" are concern for Hotel Industry.  Some unconfirmed news that Hotel Industry might be given "infrastructure status" was fueling this price movement. India Hotel closed above its 200 Day SMA. Aviation stocks had also good session. 

In Chennai heavy rain broke the record of last hundred year. Airport and Railway station were flooded and all flights and Trains to and from this leading Metro had to be canceled. Manufacturing facilities of AUTO Industry in and around Metro had to shut the shop. NSE Auto Index closed at flat. TVS Motor closed 5% lower at 289, reacted to news of heavy rain forced factor closure in and around city. Motherson Sumi closed 3% lower at 283INR, reacting to negative news flows on Volksvagon front. Bosch had a quite session and after trading in narrow range finally closed 0,7% lower at 18550 INR. Chennai is also leading hub of IT Industry. IT majors declared holiday due to flood. NSE IT Index closed in RED as out of 10 IT Index stocks - 8 stocks closed in RED. Infy closed below its 200 Day SMA. Rise in OI- slide in price in December Future of Infy indicates, built up of fresh short position in Stock. Throughout the session, Banking stocks traded weak. Bank Nifty closed 1% lower. Out of 12 Bank Nifty stocks, 11 closed in RED. PNB was worst performer-closed 3% lower at 139 INR. NSE Metal Index closed in GREEN. TATA Steel & JSW Steel gained more than 2%. Welspun corp closed in RED. Defensive pack FMCG and Phrama Index closed in GREEN. Pharma Index closed 1% higher with 7 out 10 Index stock closing in green. SunPharma opened in up gape at 739 INR, and finally closed flat at 730INR. 

Tomorrow ECB ( European Central Bank) meeting is scheduled. As indicated earlier, ECB might announce some stimulate, which will increase liquidity in world markets. INDIA VIX and NSE ADR shows neutral view with slightly negative bias. For Nifty, now 7900 is psychological support on downside and 8000 is psychological resistance in up move. 

Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group. 

Written Date :- 02.12.2015 Wednesday  15:45 hours  IST

01.12.2015 Tuesday Closing Note

As expected by most analyst, today RBI kept Key Interest rates unchanged. Nifty traded in narrow range of 7932 to 7972. NSE CASH Volume fell back to 16,000 crore INR.  In a direction less session, Nifty tested resistance of 7950, and closed slightly above 7950. Through out the session, USD-INR Dec'15 future traded below 67 level.

On back of November auto sales number, NSE AUTO Index closed in RED. Bosch closed 0.3% higher at 18720 INR. IT Index closed in green, but IT major INFY and TCS closed in RED. INFY could not cross previous day high. INFY closed below its 20Day SMA.Today's price movement was without volume support. Next support for stock is at 1070INR. NSE Metal Index closed 3% higher.Vedanta gained 5% and closed above 94 INR level.  FMCG pack gained today. NSE Pharma Index also gained 1%. Sunpharma hold 730 level and closed flat. RCOM closed 2% higher at 77.30INR. Future Retail and Welspun Corp closed down. Jubiliant Life Science, Religare and Denabank closed 8% higher. JK Tyre also closed 6% higher. 

India VIX closed in RED and NSE  ADR is more than 1. Together both these indicates internal strength of market. Next major event for stock market is US FED meeting on 16th December.

Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group. 

Written Date :- 01.12.2015 Tuesday 17:00 hours  IST