On December 24, 2014, Indian markets experienced a downturn with the Sensex and Nifty closing lower due to profit booking after a three-day winning streak. Nifty faces resistance at 8340 and is likely to consolidate in a range, with support levels at 8220-8200. Key market movements include gains in IndusInd Bank and Jet Airways but a decline for JP Associates following a rating downgrade.

1. 24 DECEMBER14
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2. S
S
INDEX VALUE CHANGE %
SENSEX 27506 -195 -0.71
NIFTY 8267 -57 -0.68
BANK NIFTY 18603 -144 -0.77
INDIA VIX 15.29 1.08 7.65
CATEGORY BUY SELL NET
FII 2148.19 2593.12 -444.93
DII 1845.54 1329.2 516.34
BIG BULLS ACTIVITY
MARKET GOSSIPS FOURTH UMPIRE
Markets after a positive start were
unable to hold on higher levels and
sharp selling was seen on back of
profit booking which finally snapped
the three day winning streak and
closed in red. Nifty future faced stiff
resistance of 50% retracement
(drawn from highs to recent lows)
i.e. 8340. Now, it is likely to
consolidate in range; strength can
be seen till it sustains above the
support range of 8220-8200 while
8400 is strong resistance. Volatility
can be seen due to Dec F&O Expiry.
TREND: SIDEWAYS
SUPPORT : 8240 & 8200
RESISTANCE: 8320 & 8370
MARKET POSITIONS
Nifty ends below 8300 ahead
of F&O expiry; Metals dips.
Bank Nifty hits new high;
IndusInd Bank gains.
Jet Airways gains; gets
syndicated loan facility in Gulf.
JP Associates its nine-year low
after CARE downgrades stock
rating.
Glenmark Pharma up on hopes
of licensing deal with Sanofi.

3. SCRIPS @ TARGETS
B/S SL1 T1 T2 T3
CIPLA B 634.70 630.70 638.70 642.70 646.70
VOLTAS S 238.65 240.65 236.65 234.65 232.65
SCRIPS @ TARGETS
B/S SL1 T1 T2 T3
MOTHERSUMI S 428.80 433.10 424.50 420.25 416
SUNTV B 365.15 361.50 368.80 372.50 376.25
SCRIPS CLOSE R2 R1 S1 S2
RELIANCE FUT 894.75 970 930 860 820
ONGC FUT 352.40 360 356 348 344
TATA STEEL FUT 395.25 405 400 390 385
SBI FUT 307.45 315 311 304 300
INFY FUT 1969.15 2040 2000 1930 1890
HDIL,IBREALEST,UNITECH.
OPEN INTEREST 22-DEC-13 23-DEC-14 CHANGE IN OPEN
INTEREST
%
NIFTY 17950350 13359375 -4590975 -25.58
FUTURE
CASH
PIVOT TABLE
FUTURES & OPTIONS DATA
SCRIPS IN F&O BAN FOR TRADE
A STEP AHEAD

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