Jerky benchmarks end lower ahead of F&O expiry

1. Jerky benchmarks end lower ahead of F&O expiry
Market Snapshot | 24-12-2013 04:20 PM
Indian indices opened marginally in green tracking optimistic global trades. Indices remained cautious as investors
opted to remain on sidelines on penultimate day of F&O expiry. Jerky markets dived in noon session to end in red near
day’s low levels. On BSE sectorial front, Banking Index was the top laggard.
Among global peers, US markets cheered good consumer-spending data which raised hopes of acceleration in US
economic recovery in 2014. Asian and European markets also traded firm on positive trades in Wall Street.
Back home, UltraTech Cement gained 1.6% on BSE despite somber trades in the market after getting Competition
Commission of India’s (CCI) nod for its Rs 3800 crore deal with Jaypee Cement Corporation to acquire its facilities in
Gujarat. (Read More)
Ranbaxy Laboratories jumped 2.45% on BSE despite LIC offloading 2% stake in company. The insurer sold 4508036
shares of the company between October 15, 2008 and December 20, 2013 via open markets transactions. (Read
More)
Indian Oil Corporation shined 2.22% on BSE on receiving clearance from Ministry of Environment and Forests to set 5
million ton LNG terminal at Ennore in Tamil Nadu. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1490 and 1071 respectively,
while 162 scrips remained unmoved.
The S&P BSE Sensex ended at 21032.71, down 68.32 points or 0.32%. The 30 share index touched a high and a
low of 21156.92 and 21010.65 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The CNX Nifty lost 16.10 points or 0.26% to settle at 6268.40. The index touched high and low of 6301.50 and
6262.00 respectively. 22 stocks advanced against 28 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6619.19 and gained 0.53% while S&P BSE Small-cap index jumped up by
1.04% to 6433.61.
The broader S&P BSE 500 index decreased to 7768.60 (down 0.09%) and CNX 500 index declined to 4876.10 (down
0.06%).
The volatility as denoted by INDIA VIX lost 4.18% at 15.58 from its previous close of 16.26 on Monday.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 0.66%), Consumer Durables (up 0.38%) and Real Estate (up 0.08%)
were the top gainers.
Metals (down 1.09%), Banks (down 0.43%) and Oil & Gas (down 0.23%) were the top losers.
The Angels and the Devils
Bharat Heavy Electricals Ltd (up 1.92%), Bajaj Auto Ltd (up 1.91%), Dr. Reddys Laboratories Ltd (up 0.99%), Larsen
And Toubro Ltd (up 0.66%) and NTPC Ltd (up 0.55%) were the top gainers on the Sensex.
Tata Power Company Ltd (down 3.20%), Sesa Sterlite Ltd (down 2.31%), Wipro Ltd (down 2.10%), Sun
Pharmaceutical Industries Ltd (down 1.73%) and Hero MotoCorp Ltd (down 1.39%) were the top losers on the Sensex.
Benchmark Drivers
HDFC Bank (-17.42 points), Housing Development Finance Corporation Ltd (-16.66 points), Infosys Ltd (10.02 points),
Sun Pharmaceutical Industries Ltd (-9.61 points) and Wipro Ltd (-8.29 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (-4.25 points), HDFC Bank (-3.97 points), Infosys Ltd
(2.54 points), Sun Pharmaceutical Industries Ltd (-2.15 points) and Wipro Ltd (-2.13 points) were the major Nifty
movers today.

2. Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6277 for next session. The next support is at 6253 and on upside it has a resistance at
6293 levels.
CNX Nifty
Eff. Date
26-Dec-2013
24-Dec-2013
23-Dec-2013
S3
6214
6235
6087
S2
6238
6251
6129
S1
6253
6279
6202
PIVOT
6277
6295
6243
R1
6293
6322
6316
R2
6317
6338
6357
R3
6332
6366
6430
Actual Close
6268.40
6284.50
S&P BSE Sensex has a pivot at 21067 with first level of support and resistance at 20977 and 21123 respectively.
S&P BSE Sensex
Eff. Date
26-Dec-2013
24-Dec-2013
23-Dec-2013
S3
20830
20889
20472
Follow us on
S2
20920
20974
20609
S1
20977
21037
20844
PIVOT
21067
21123
20981
R1
21123
21186
21216
R2
21213
21271
21353
R3
21269
21335
21589
Actual Close
21032.71
21101.03
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