Indian Stocks 19-01-2016

Nifty50 opened in upward gap at 7,381, moved to day's high at 7,463 ; retrenched to 7408 level and closed at 7,435. Today, Nifty50 made a classic classic wave pattern on hourly chart. IndiaVix Traded in RED and closed 8.88% lower at 18.43. NSE Advance Decline Ratio (ADR) opened above one and continuously improved to close at 2.7. On NSE, USD-INR currency January'16 expiry future traded closed 0.1% lower.

Bank Nifty closed 1.66% higher. NiftyAuto Index closed 1.27% higher. NiftyMetal Index closed 0.6% higher. NiftyPharma Index closed 1.16% higher. NiftyIT Index closed 0.19% lower. NiftyFMCG Index closed 0.18% higher. NiftyReality Index closed 1.91% higher.

Reliance closed 2.96 % higher. TataSteel closed 0.66 % higher. NMDC made fresh 52 week low and closed 1.36 % lower. Infy closed 0.74 % higher. SunPharma closed 1.14 % higher. HDIL closed 3.71 % lower. SBI closed 1.38 % higher.  Bank Baroda made fresh 52 week Low and closed in RED. TataMotor closed 4 % higher. Exide Industry made fresh 52 week low and closed in RED.

Important development during day , In international market crude oil continued to trade below 30 USD/Barrel and some analyst are predicting that it is heading towards 20 USD/ Barrel.

On NSE, Turnover in Equity and Derivative segment was lower than previous session. As per EoD provisional statistics, FII/FPIs Sold equity worth 857 crore INR(net), and DIIs Bought equity worth 1,386  crore INR(net).

At the end of session, India Vix is placed in RED below 20. NSE ADR is placed at 2.7. Both these together with lower value indicates that Nifty has attempted a pull back from taking entry into BEAR 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 :  19-January 2016  23:00 hours IST .