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The market reversed all of its strong afternoon opening losses and closed higher against survey results in five states and the impact of the resignation of Urjit Patel at the post Governor of the RBI.
The 30 SSE Senbad shares gained 190.29 NSE Nifty points (50 shares) rose 60.70 points to 10,549.20 while the market was very buoyant. More than two stocks rose for every stock falling into BSE.
Experts are expecting a resumption during the next session, but this would be short-lived as traders could remain cautious ahead of Wednesday's key economic data and next week's Federal Reserve meeting .
"The positive rebound in lows today could be an encouraging factor for bulls that would come back down." The key support, at $ 10,450, still holds, after an intraday violation ", said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.
A sustainable gap or increase at the next session is likely to bring upside values, he added.
Larger markets outperformed leading players, with the Nifty Midcap and Smallcap indices growing more than 1.6% each.
"While the BJP loses power in key states and uncertainty surrounds the resignation of the RBI's governor, Jayant Manglik, president of Religare Broking, said he prefers to remain cautious in the short term despite a judicious rebound from Tuesday's session
National macroeconomic data such as IIP, CPI and WPI, crude oil prices and exchange rate fluctuations as well as global developments, in particular particularly on the US-China trade front, will be closely watched by market participants,
He stated that investors should remain focused on fundamentally sound companies with strong growth prospects; that traders should avoid risky leveraged positions.
We have collected the top 15 data points to help you better Destabilize Trades:
Essential Support and Level of Resistance for Nifty
The Nifty closed at 11:54 am on December 15th. According to the PivotTable charts, the key pad level is set at 10,399.6, followed by 10,229. If the index starts to recover, the key resistance levels to monitor are 10,633 and then 10,716.8.
Nifty Bank
The Nifty Bank index closed at 26,163.40, up from 60.75 points on December 11th. The pivot level, which will be a crucial support for the index, is placed at 25,765.57, followed by 25,367.73. On the upside, key resistance levels are set at 26,394.57, followed by 26625.73.
Data on Call Options
A maximum interest contract of 49.88 lakh was observed at strike price of 11,000. This will be a critical level of resistance for the series. of December.
It is followed by the exercise price of 10,800, which now holds 27.24 lakh open interest contracts and 10,700, which has accumulated 26.60 lakh open interest contracts. [19659002] We saw a significant appeal message at 10,600, which added 7,16 lakh contracts, followed by 10,400 strike, which added 5.36 lakh contracts and 10,500, to a strike that added 4.17 lakh contracts.
The outcome of the appeal was seen at 10,700, strike of 3.05 lakh contracts. followed by 10,800 strikes which cost 1.54 million lakh contracts.
Put Options
The sale attracted a maximum interest of 53.12 lakh. price. This will be a crucial level of support for the December series.
Next came the strike price of 10,200, which now holds 49.29 lakh open-rate contracts, and the strike price of 10,500, which has now accumulated 34.66 lakh of current contracts.
The writing was seen at the strike price of 10,000, which added 7.69 lakh contracts, followed by 10,200 strike, which added 6.87 lakh contracts and 10,400, which were added 4,4 lakh.
The sale was canceled during the strike. 10,700, which made 2.82 lakh contracts, followed by 10,500, 1.93 lakh and 11,000, 1.47 lakh.
F21 & DII ] Foreign Institutional Investors (FII) sold shares for Rs.2,421.06 billion, while investors National institutional investors purchased shares worth Rs 2,255.68 in the Indian equity market on December 11, according to preliminary data available on the NSE.
Description of the flow of funds
High percentage of delivery shares
A high percentage of delivery suggests that investors accept delivery of shares, which means
83 shares have had a long accumulation
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