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.
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
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