Nifty Holds 8100 Level

Post Market Commentary

The Nifty opened with red mark in today's trading session and hit a day's high at 8196.75 levels in early trading sessions but the Nifty was not able to sustain these higher levels and drifted lower and marked the day's low at 8105.85 levels. Since then we have seen some failures Nifty has not able to sucesseed to sustain at higher levels. Finally, the Nifty lost 48.05 points and given closed at 8129.35 level.
  
The market breadth for the Nifty has turned from positive to negative in today’s trading session, the advance decline ratio ended on the negative side. 15 stocks closed with green mark whereas, and 35 stocks closed in red.

Top Nifty Gainers: ULTRACEMCO was the top gainer gaining  with 2.27% followed by ADANIPORTS, VEDL, TATASTEEL and ASIANPAINT.

Top 5 Nifty Losers: GAIL was top loser with loss of 2.83% followed by RELIANCE, ITC, KOTAKBANK and YESBANK.

In today’s trading session almost all sector closed with red mark except CNX Metal sector was the top gainer gain with 0.54% whereas CNX Energy was top loser lose with 1.42%. 

The Asian markets quoted in mixed; China's Shanghai Composite was up by 2.91% today, Hong Kong's Hang-Seng was down by 0.72% , while Japan's Nikkei was down by 1.0%.

The European market trading in mixed figures; London's FTSE 100 index was up by 0.21%, the German DAX up by 0.07% and the French CAC was down by 0.08%. 


Derivative Analysis

The Nifty October futures open interest has increased by 1.81%. Bank Nifty October futures open decreased has decline by 0.29%. Nifty market closed at 8,129.35 levels & Bank Nifty closed at 17,474.30 levels.

The Nifty October future closed at a premium of 19.4 point.
 
The November series closed at a premium of 78.3 points.

The Implied Volatility of at the money options has increases by 1.16%.  

Nifty PCR-OI has sustain at 1.25 levels.

Interpretation: On the basis of above data,its observed that 8000 may act as strong Support & 8300 may act as strong resistance for Nifty Index. Further moment for the index would be on the positive side.