Sensex and Nifty after once again soared to fresh highs on Monday following constructive international cues. S&P BSE Sensex now sits at 46,253 when the 50-stock NSE Nifty is at 13,558. Broader markets continued their sturdy movement, outperforming the benchmark indices on Monday. India VIX or the volatility gauge gained more than 3% for the duration of yesterday’s session. On Tuesday morning international cues have been largely damaging. Stock markets in the United Stated closed in the red on Monday with Dow Jones and S&P 500 slipping when NASDAQ ended with gains. Asian peers have been trading with losses for the duration of the early hours of trade.
Global cues: Equity indices on Wall Street closed in the red on Monday as Dow Jones slipping .62% when S&P 500 ended .44% reduce. NASDAQ, on the other hand, ended with gains. Asian peers have been trading with losses for the duration of the early hours of trade. Shanghai Composite was down and so was Hang Seng. Nikkei 225, TOPIX, and KOSPI have been also trading in red when KOSDAQ was flat. SGX Nifty as well was trading reduce.
FII and DII activity: Foreign Institutional Investors (FII) have been net purchasers of Rs 2,264 crore worth of domestic securities on Monday. Domestic Institutional Investors (DII) on the other hand have been once again net sellers of stock worth Rs 1,721 crore.
Deals: On listing day Burger King shares surged a enormous 130% and have been involved in a quantity of offers as properly. Vijit Asset Management Private Limited purchased and sold shares of Burger King in bulk offers, as did Swapnil Mehta, Ashwin Stock and Investment Private Limited, SMC Real Estate Advisors. Basant Maheswari Wealth Advisors and Valiant Mauritius Partners Offshore have been purchasers of the stocks.
Support and Resistance levels: On the charts Nifty’s trend may possibly continue to be variety bound with a constructive bias, according to Nagaraj Shetti, Technical & Derivatives Analyst, HDFC Securities. “The near term upside target to be watched at 13900 and there is a possibility of one day dip in the market, before reaching an upside trajectory. Immediate support is placed at 13450,” he stated.
Call and Put selection information: For the December series, maximum Call Open Interest (OI) is placed at 13,000 strike with 23.80 lakh contracts. This is followed by 21.92 lakh contracts at 13,500 strike. Put OI is the most at 13,000 strike with 39.47 lakh contracts, followed by 13,200 strike with 28.17 lakh contracts.