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
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