Thursday, 24 December 2015

Live F&O cues: Nifty 7650 Put adds 2.8 lakh shares in OI

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
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.

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