10/01/2017
[20:36, 1/10/2017] Om: FII/DII derivatives statistics 10/1/2017
Sensex : 26,899.56 (+173.01)
Nifty cash / futures : 8288.6 (+52.55) / 8293.85
Premium : 5.25 (13.85)
Bank Nifty : 18,430.70 (18,329.45)
USD-INR : 68.18 (68.2050)
VIX : 15.1950 (15.58)
Index futures : -203.65
Index options : -119.05
Stock futures : +435.56
Stock options : -44.43
NET buy / sell : +68.43
FII/FPI cash : -21.2
DII cash : +253.36
Market Turnover :
BSE Cash : 2,820.42 cr
BSE Derivatives : 0.54 cr
NSE Cash : 17,867.45 cr
NSE Derivatives : 2,29,963.05
NSE A/D : 970 / 633
BSE A/D : 1653 / 1165
[20:36, 1/10/2017] Om: NIFTY closes @ 200 DMA of 8280. On the verge of breaking out, will it be third time lucky ?
The NIFTY opened @ 8262.70 marginally UP by around 27 points over Monday. The first half saw NIFTY walleting in a tight 20 points range, yet maintaining a full GREEN genre. The last half an hour saw some pickup to the GREEN fervor, as NIFTY closed @ the 200 DMA of 8280. The market thus closed quiet balanced yet just short of breakout levels. Thus, the NIFTY closed @ 8288.60 UP by 52.55 points or 0.64%.
The market has now once again entered the pre-defined RESISTANCE level between 8260-8300 which has multiple touch points - 200 DMA, 1 month HIGH, 75% retracement of earlier fall from 8260 to 7897 & a downward sloping trendline. The follow-up to this move would be key to any meaningful & sustainable UPMOVE. If it sustains, then levels till 8440 and even to 8700 on the outline maybe possible. On the contrary, the immediate support now moves up a bit to the 8180-8200 mark.
News Wrap of the day
ABB rallies 15% on Rs 4,350 crore mega deal. The company won Rs 4,350 crore mega deal for long distance power transmission link in India.
KEI Industries hits 52-week high. In past 3 trading sessions, the stock rallied 16% after co said new production line is operational.
HCC hits fresh 52-week high on Rs 369 crore order win from IRCON. The stock hit a fresh 52-week high of Rs 44.95, up 8% on the NSE in intra-day trade.
Max Ventures surges 18% after New York Life Insurance picks up stake. The stock surged 18% to Rs 79.15 on the BSE in early morning trade on back of heavy volumes.
Hikal soars as USFDA issues 'Zero' 483 observations for Bangalore facility. The stock soared 18% to Rs 257, also its record high on the NSE in intra-day trade.
[20:37, 1/10/2017] Om: Market Wrap up.
Nifty closed positive by 0.64%. Just close above 8280 Nifty resistance level.
The benchmark indices on Tuesday settled higher tracking positive trade in European markets, although investors remained cautious ahead of the key corporate results lined up for the week such as Infosys and TCS. The benchmark S&P BSE Sensex ended the day at 26,899, up 173 points, while the broader Nifty50 finished at 8,288, up 53 points. In the broader market, the BSE Mid cap and BSE Small cap outperformed the headline indices and added 0.8%, and 0.7%, respectively. The market breadth, indicating the overall health of the market remained strong. On the BSE, 1,662 shares rose and 1,151 shares declined. A total of 129 shares were unchanged. NSE cash turnover was at Rs. 17,864 cr.
Stocks and International Markets.
Among stock and sectors, Hindalco (up 4.2%), NALCO (up 4%) and Tata Steel (up 2.2%) contributed to the gains. BSE Auto also surged 1.3%, led by gains in MRF (up 4.4%), Tata Motors (up 3.2%) and Bharat Forge (up 3%). Tata Motors surged 3.2%. Max Ventures and Industries (MaxVIL) surged 18%. Engineers India (EIL) added 2.8%. Balrampur Chini Mills, DCM Shriram Industries, Dhampur Sugar Mills, Dwarikesh Sugar, EID Parry, KM Sugar Mills and Triveni Engineering & Industries hit their respective 52-week highs in intra-day trade.
All sectoral indices closed in Positive.
Outlook
Markets opens on a positive note with up gap and after that it moved sideways for entire session and finally closed up by 0.64%. Nifty just closed above the important resistance level 8280 level. If Nifty sustains above 8280 level then traders could expect positive move in the Nifty towards 8320 followed by 8400 level. If Nifty trades below 8280 level for first hour of trade then traders may see down move, which could take Nifty to 8240 level followed by 8180 level.
[20:37, 1/10/2017] Om: End of day derivatives commentary.
Markets surge higher.
Markets surged higher on Tuesday after two sessions of weakness. The Nifty Jan Fut closed 47.05 points or 0.57% higher at 8,296.95. The Nifty Jan Fut premium narrowed to 8.35 points from 17.1 points in the previous session.
Nifty IV dipped to 11.28% from 14.3% indicating a decline in volatility expectations. The Nifty OI PCR climbed to 1.12 from 1.11 in the previous session, indicating there was more build up in the Nifty Put segment. Maximum build up of OI was seen in the 8550 Calls and 8250 Puts indicating this is the trading range expectation for the near term.
Long build up was seen in Hindalco, Adani Ports, Tata Motors and Tata Steel. Short build up was seen in Axis Bank, Grasim, Dr Reddy and HDFC. The most active Fut contracts were Axis Bank, HDFC Bank, Infy and Indus Ind Bank. Sectorally, OI long build up was seen in the Auto, Capital Goods, Infrastructure, Power and Telecom indices. Short build up was seen in the Fertiliser and Realty indices.
Technically, with the Nifty closing above the previous intermediate highs of 8275, the index has confirmed a reversal of the recent intermediate downtrend. The index could now head higher in the coming sessions with the recent lows of 8180 acting as a trend reversal level.
