Indian Stocks 22-January2016

Nifty50 opened in huge 1 % or 78 point upward gap at 7,355; slightly stretched back to day's low at 7,328 and thereafter continuously moved up to make day's high at 7,433; closed at 7,422 or 2 % higher. IndiaVix opened in RED;  continuously moved downward to close 9.5% LOWER at 18.82. NSE Advance Decline Ratio (ADR) opened near SIX and closed at FIVE. On NSE, USD-INR currency January'16 expiry future closed 0.6% lower at 67.62 INR.

Bank Nifty closed 2.62 % higher. NiftyAuto Index closed 3.92% higher. NiftyMetal Index closed 4.45% higher. NiftyPharma Index closed 2.42% higher. NiftyIT Index closed 0.66% higher. NiftyFMCG Index closed 0.47% higher. NiftyReality Index closed 1.8% higher.

Reliance closed 2 % higher. TataSteel closed 5.14 % higher. Orissa Mines made fresh 52 week low and closed in RED. Infy closed 0.26 % higher. SunPharma closed 2.08 % higher. HDIL closed 6.86 % higher. SBI closed 5.1 % higher. TataMotor closed 3.38 % higher. BOSCH also made fresh 52 week low and closed 0.8% lower .

On NSE, Turnover in Equity segment was flat and in Derivative segment Turnover was lower than previous session. As per EoD provisional statistics, FII/FPIs Sold equity worth 769 crore INR(net), and DIIs Bought equity worth 915  crore INR(net).

At the end of session, India Vix is placed in GREEN below 20. NSE ADR is placed at 5. Both these together indicates positive bias. But today's lower volume suggest today's up move was short covering. 

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-January 2016  23:00 hours IST .