F&O cues:
Nifty 7800 Call added 3.5 lakh shares in Open Interest (OI)
on December 22
Nifty 7900 Call added 6 lakh shares in Open Interest
Nifty 8000 Call shed 5 lakh shares in Open Interest
Nifty 7650 Put added 2.8 lakh shares in Open Interest
Nifty 7800 Put shed 5.2 lakh shares in Open Interest
Indian Rupee Update
The Indian rupee opened higher by 6 paise at 66.26 per
dollar on Wednesday against previous close of 66.32.The rupee is expected to
trade within a narrow range of 66.28-66.32/dollar
INDIAN MARKET OVERVIEW
The market ended on a strong note supported by capital
goods, pharma, metals and oil & gas stocks. After a weak trade yesterday,
bulls partied hard on Dalal Street Wednesday with two stellar healthcares IPO
listing. Nifty future up 78 points at 7864
The 30-share BSE Sense up 259 points at 25850. The market
breadth was strong as about 1351 shares advanced against 1151 declining shares
on the BSE.
Shares of Tata Steel gained 3 percent intraday on Wednesday
after the company’s subsidiary entered fresh negotiations to sell long products
division in Europe.
Shares of Sun Pharma continued to rally for second day after
it lost almost 7 percent on Monday following a warning letter by US Food and
Drug Administration (FDA) on Halol manufacturing unit.
Nifty Technical Overview:
Nifty futures opened on positive note and witnessed
consolidated movement for the entire day. Nifty future sustained above 7850 for
the entire day but could not break 7880. Tomorrow it can show bullish movement
if it manages to sustain above 7850 and break 7800 then it can test 7900-7950.
No comments:
Post a Comment