Friday, 29 December 2017

Markets Expected To Open Flat In-Line With Asian Peers

Posted by suhani varma on Friday, December 29, 2017 with No comments



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SGX Nifty indicating a flat opening for the Indian equities. Reliance Jio to acquire wireless assets of RCom.Global marketsMajor Asian markets are trading flat to positive at present with Shanghai Composite down 0.01%, Hang Seng is up 0.34% while Nikkei is trading 0.25% higher.

US Markets: Extending the trend seen over the past several sessions, stocks turned in another lackluster performance during trading on Thursday. The Dow climbed 0.3% to 24,837.51 closing at a record high, the Nasdaq edged up 0.2% to 6,950.16 and the S&P 500 also ended 0.2% higher at 2,687.54. Traders remained away from their desks ahead of the New Year's weekend, leading to another light trading day.

European markets closed in the red yesterday with CAC down 0.55%, DAX down 0.69%, FTSE ended flat up 0.03%.

FII /DII Data: In yesterday’s session FII’s bought 562 crores stock in the cash market whereas DII’s sold 774 crores worth of stock. In the derivative market, FII’s bought 1,621 crores of Index futures and sold 458 crores worth of Index options. In the Stock futures segment, FII’s sold 1,476 crores worth of stock futures and bought 243 crores stock options.
 Support / Resistance: Intraday
Nifty: 10477
S1 – 10450S2-10400
R1-  10550          R2 -10600


Support / Resistance: Intraday
Bank Nifty: 25490
S1 – 25400S2-25240
R1 - 25600R2 -25800

               
Nifty Highest Open Interest:
Call: 11000 / Put: 10000
Bank Nifty Highest Open interest: (4th Jan 2018 Expiry)
Call: 26000 / Put: 25000
Securities in Ban Period: Nil

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