Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10931 -12 points on indicating gap down opening for the NSE.
At the close in NSE, the Nifty 50 added 1.39%, while the BSE Sensex 30 index gained 1.30%.
The biggest gainers of the session on the Nifty 50 were Wipro Ltd, which rose 5.49% or 17.15 points to trade at 329.80 at the close. Yes Bank Ltd added 4.07% or 7.95 points to end at 203.00 and Tech Mahindra Ltd was up 3.85% or 26.15 points to 706.25 in late trade.
Biggest losers included Maruti Suzuki India Ltd., which lost 0.81% or 59.70 points to trade at 7355.15 in late trade. ICICI Bank Ltd declined 0.09% or 0.35 points to end at 372.75 and Bharti Infratel Ltd shed 0.04% or 0.10 points to 279.75.
The breadth, indicating the overall health of the market, 1502 rose and 974 declined, while 154 ended unchanged on the India National Stock Exchange.
Rupee desk: The USD/INR was up 0.38% to 71.055.
CASH FLOW ANALYSIS
FII DII Activity 15th January 2019, In the cash market today, FII’s bought 159 crores stock whereas DII’s bought 417 crores worth of stock. In the derivative market, FII’s bought 1153 crore of Index futures and bought 194 crores worth of Index options. In the Stock futures segment, FII’s bought 595 crores worth of stock futures and bought 208 crores stock options.
Nifty daily chart has formed “Megaphone chart” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 10900. The upside rally could be testing all the way up to 11000-11100 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 10800-10700 levels. Key support holds at 10700.
Research Report call:
Dear viewer, your viewership for the free previewing has expired, to view our report
you need to be either a register client or subscribe with us.