INDEX PULLERS & DRAGGERS

Transcription

1 Market Recap Once again the domestic market maintained its losing streak on the back of continuous fund outflows and the global selling due to the concerns over falling crude oil prices. The benchmark index NIFTY traded with negative bias throughout the session and lost another 94 points to close below 7400 mark. On the other hand, even NIFTY BANK closed below the psychological mark of which indicates weakness. Apart from the global growth concerns, deprived earnings and bank NPA fears also weighed on market sentiments. Even the domestic currency INR again breached the 68-mark against the greenback. The overall market breadth was extremely weak by remaining strongly in the favour of declining counters. On the global front, European indices like FTSE (-0.99%), CAC (-0.94%) and DAX (-1.42%) were trading with heavy loss while the time the report was made. The Asian Indices like NIKKIE (-3.25%), HANGSENG (- 2.40%) and SHANGHAI (-0.35%) also closed deep in red. On the sectoral front, apart from the NIFTY FMCG (+0.05%) stocks all the other indices turned in red during the second half of today s session. From the list of losers, NIFTY REALTY (-2.99%) stocks were the biggest laggards. Indices like NIFTY METAL (-2.64%) and NIFTY ENERGY (-2.00%) too kept the markets under pressure. The broader markets too suffered heavily as the MIDCAP (-2.59%) and SMALLCAP (-3.18%) indices closed in red. In the money market, most of the currency pairs closed in green due to weakness in INR. On the stock front, Crompton Greaves slumped more than 20% after the company reported consolidated net loss of INR crores in Q3 December 2015 as against net profit of INR crore in Q3 December On the other hand, Camlin Fine Sciences rallied almost 5% after the company said one of its subsidiary acquired a 65% stake in a Mexican company for an aggregate amount of $7.8 million. Pullers CMP INDEX PULLERS & DRAGGERS Weightage HUL Key Market Data Points Name High Low Range Sensex Nifty Spot Nifty Future Draggers VIX Name Sentiment Indicators Day Prm/Disc PCR () PCR (Vol) CMP Weightage INFY (1.24) (5.66) TCS (2.59) Yes Bank Tata Moto (2.93) (0.94) ICICI Bank (2.96)

2 MARKET BREADTH SECTORAL ANALYSIS NSE Today % Highest Performer % Lowest performer % Advance % Declines % A/D Ratio % CNXFMCG Index CNXSMCP Index CNXMNC Index CNXREAL Index CNXCON Index CNXMET Index Key Takeaways Today advancing counters have dropped significantly while declining stocks have risen. Therefore overall market breadth has become weak. The FMCG sector is outperforming the broader market. On the flipside Metal counter is weak. During the second half we witnessed that, PSU Bank 0.42%, FMCG 0.29% & Infra 0.12% were positive, on the contrary Metal -2.01%, Pharma -1.17% & Media -1.16% sectors were under pressure. **(the above mentioned % change are just for second half i.e. after 1PM) On the F&O stocks front stocks like, BAJAJ Fin 12.19%, Torrent Pharma 2.53% & Apollo Hospital 2.28% outperformed the markets. On the other hand, Dish Tv %, JET Airways -4.97% & JSW Steel -4.51% went through some correction. **(the above mentioned % change are just for second half i.e. after 1PM) OPEN INTEREST (`000) Openinterest Nifty 30,000 25,000 20, Key Takeaways The Nifty February Fut. closed at , with a premium of 21.7 against premium of 19.4 points. The open interest grown by 1.39% with a fall in price, indicating short build up. 15,000 10, The total volumes in futures & options is positioned at Lakh contracts with a turnover of Rs. 2,15,722 cr., with a drop of 10%. 5,000,0 1/6 1/8 1/12 1/14 1/18 1/20 1/22 1/27 1/29 2/ Today VIX closed flat at levels, with a gain of 3%.

3 NIFTY OPTION OPEN INTEREST CE PE On the option front highest call base for the Feb series is at 7600 strike with Lakh shares. On the other hand highest PUT base is at 7400 strikes with Lakh shares. Long Build-Up BAJFINANCE , TORNTPHARM , HINDUNILVR ,005, APOLLOHOSP , Short Build-Up CROMPGREAV ,759, ACC ,059, PFC ,382, ORIENTBANK ,253, Short Covering AMARAJABAT , CADILAHC ,377, TCS ,926, TITAN ,351, Liquidation MINDTREE , INFY ,891, IGL ,798, WOCKPHARMA ,025, Long Build Up:- Rise in Price & Rise in Short Build Up:- Fall in Price & Rise in Liquidation:- Fall in Price & Fall in Short Covering:- Rise in Price & Fall in

4 F&O Price Gainers & Losers BAJFINANCE , APOLLOHOSP , HINDUNILVR ,005, TORNTPHARM , CROMPGREAV ,759, DISHTV ,090, UNITECH ,464, JINDALSTEL ,967, FII Derivatives Statistics BUY SELL at the end of the day. of contracts Amt (in Cr.). of Contracts Amt (in Cr.). of Contracts Amt (in Cr.) INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS Volume and Turnover News Updates Product. of contracts Turnover (in Cr.) Sensex tanks 286 points on global cues; Nifty50 tests 7,450. Index Futures 3,00,456 15, Stock Futures 5,78,575 25, Index Options 29,24, , Stock Options 3,23,703 14, F&O Total 41,26, , The RBI left the repo rate - its key policy rate - unchanged at 6.75 per cent in its first bimonthly money policy review. BP slumps into $6.5bn loss on oil collapse. Aurobindo Pharma drops 5% despite clarification on USFDA action. Lupin gains after launching Generic Glumetza HCI ER Tablets in US. European equities bruised by BP and weak oil prices.

5 Stocks In Action Stock View CMP TGT Rationale Apollo Hospital Bullish /1825 Apollo Hospital has been in a broader range on weekly charts & consolidating since mid of March Stock has time & again attempted to breach levels on the upside but has failed to sustain the attempt. Today s large candle body which shadows prior days candle is a Bullish sign. Buy the stock above 1527 with a SL of 1409 for TGT of 1670,1825. CONCLUSION After witnessing gap down opening Nifty failed to recover losses for the day and eventually closed at 7380 levels. Nifty also closed below short term moving averages for the consecutive second day and the market breadth remain weak, indicating caution. The immediate support is placed in the range of (Intraday GAP recorded on 22nd Jan 2016) and below that it might retest swing low of 7240 levels. On the upside resistance is placed at followed by 7525 levels. Even Bank Nifty index recorded pressure and closed below swing low (on a closing basis), suggesting weakness in the banking stocks. Going forward the next key support for the Bank Nifty is placed at 14750; below which it can dip up to (GAP witnessed in mid MAY 2014). On the contrary resistance can be seen at 15020/ levels. Both, the FII s & DII s has been seller for past couple of days. In the cash market FII s sold 357 Cr. and DII s sold 145 cr. Whereas on the F&O front FII s sold to the tune of 228 Cr. They sold 352 cr. in the index futures with a fall in open interest, suggesting liquidation. In addition to that they sold 296 cr. in the stock futures and bought 472 cr. in the index option, with a rise in open interest. On the derivative front, activity was seen in 7500 CE to 7800 CE, while on the PUT front activity was seen in 7400 PE PE. The 74 strike Call and 7100 PE added 8.38 lakh & 4.03 Lakh shares. On the flipside unwinding was seen in 7900 CE & 7500 PE. In a nutshell, market is in caution mode and none of the indices showing promising activity; therefore we have booked full profit on our recommended long call of NIFTY February Fut. At 7380 levels (long call initiated at 7300 & booked part profit at 7441 level). Considering ongoing volatility, we have also recommended to short sell NIFTY February 7400 CE & PE with an inflow of 245 for target of 160 and traders can follow a stop of 305 on the same. We further advice traders to remain light on their positions and wait for further development to initiate a positional trade. Forthcoming Results ABB BAJAJ-AUTO DOLPHINOFF GOPAIST HIL KALINDEE LAKSELEC ACRYSIL BAJAJHLDNG DRAGARWQ GOWRALE IDM KANELIND LAKSHMIMIL ADITYASP BALAJITELE ELTROL GREENPOWER IGLFXPL-B KENNAMET MAGNUML AHLEAST BERGEPAINT ERABUILD GSPL INDLMETER KERALAYUR MCX AHLWEST BOBSHELL ESABINDIA GTLINFRA INGERRAND KESARENT MENNPIS ANJANIFIN CAMEXLTD ESKAY GULFPETRO INOXLEISUR KHYATI MODIRUBBER APOLLOFI CYBERTECH FMGOETZE HAWKINCOOK INSILCO KLIFESTYL MODWOOL ARVIND DECANBRG FORTIS HEERAISP JAYTEX KSCL MOLDTEK ASAHIIND DIVYAJYQ GESHIP HEIDELBERG JHACC KSLIND MOLDTKPAC ASFLORA DLINKINDIA GILLETTE STYABS JKLAKSHMI TTML MPHASIS MTEDUCARE PIRPHYTO SHARDUL SUNDRMFAST TBZ TUTIALKA ZANUKCOM NAGARL POLYMED SHREYANIND SURYALA TEATIME UNIQUEO ZFSTEERING NEPTEXP RRSECUR SJVN SVAINDIA TIMEX VAXHS NIPPOBATRY RUBRAME SOLARINDS TALWALKARS TORNTPHARM VIKASECO NITINFIRE SANOFI SRDAPRT TATASTEEL TRANSASIA VISAKAIND ONMOBILE SCHNEIDER SRIPIPES TRENT ZYDUSWELL ZNEWSAGA

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