Nifty futures have been trading 37 points up at 13, 655.50 on Singaporean Exchange, indicating a gap-up opening for BSE Sensex and Nifty 50 on Thursday ahead of the Christmas vacation. Indian share market place benchmark indices continued their rebound from losses of December 21, 2020, for the second straight day and ended greater in the preceding session. Investors will preserve tabs on newsflow associated to new COVID-19 strain, coronavirus vaccine, oil rates, movement in rupee and other worldwide cues along with stock-distinct improvement. “In the coming days, the market will also focus on Brexit trade deals which are expected to be finalized soon and fallout in the economy due to strict lockdown,” stated Vinod Nair, Head of Research at Geojit Financial Services.
Bulk offers: Adani Logistics sold more than 11.36 lakh shares of Snowman Logistics at Rs 53.04 per share via NSE bulk deal on Wednesday. While Standard Chartered Bank sold 1 crore shares of 3i Infotech at Rs 5.15 per share.
Call, Put alternative information: After current gains, get in touch with writing has been observed at 14,000 strike, which also holds the maximum Call Open Interest (OI) with 29.89 lakh contracts. This is followed by 24.98 lakh contracts at 13,500 strike.
Most Put OI is at 13,000 strike with 47.94 lakh contracts, followed by 13,500 strike with 34.42 lakh contracts.
FII and DII information: On Wednesday, foreign institutional investors (FIIs) lapped up shares worth Rs 536.13 crore, when domestic institutional investors (DIIs) offloaded shares worth Rs 1,326.92 crore on a net basis in the Indian equity market place, according to the provisional information accessible on the NSE.
Global markets: Asian stock markets have been trading greater in the early trade on Thursday ahead of Christmas. Japan’s Nikkei 225 gained .47 per cent when the Topix index gained .51 per cent. South Korea’s Kospi added .78 per cent. In overnight trade on Wall Street, Dow Jones and S&P500 ended in the green. The Dow Jones Industrial Average rose .38 per cent, the S&P 500 gained .07 per cent, and the Nasdaq Composite dropped .29 per cent.
Nifty 50’s help, resistance: “The short term trend continues to remain down. However, with the intermediate uptrend still intact, we expect the recent correction to be more of a short term nature and may have possibly bottomed out with the strong price action seen in the last two sessions. It is important that the recent lows of 13131 are not broken for the uptrend to sustain,” stated Subash Gangadharan, Technical and Derivative Analyst, HDFC Securities.