Market Recap The benchmark indices marked their seventh losing session today after falling to a fresh 1-1/2-year low on the back of risk aversion ahead of some dismal earnings, including from Tata Consultancy Services (TCS), weighed on the sentiment. Also, the participants remained cautious ahead of data later in the day which is expected to show CPI and IIP numbers. As a result, Nifty, closed near the 7500 mark with decent loss. Meanwhile, the steep fall in Banking counters forced the index NIFTY BANK to close with a loss of more than 200 points juts above the 15700 mark. Despite the stable global indices, the market breadth remained extremely week throughout the session since the selling was witnessed across the board. On the global front, European indices like FTSE (+1.28%), CAC (+2.14%) and DAX (+2.35%) recovered smartly while the time the report was made. The Asian Indices like NIKKIE (-2.78%), HANGSENG (- 0.90%) and SHANGHAI (+0.21%) displayed a mixed trend. On the sectoral front, except the NIFTY METAL (+0.40%) and NIFTY PHARMA (+0.36%) stocks most of the other sectoral indices closed in red. From the list of losers, NIFTY PSU BANK (-2.73%) stocks were the biggest laggards which were followed by NIFTY REALTY (-1.77%) and NIFTY BANK (-1.76%) stocks. The selling pressure was observed even in the broader markets as the MIDCAP (-1.19%) and SMALLCAP (-1.04%) indices closed with loss. In the money market, most of the currency pairs turned in green indicating pressure in rupee. Key Market Data Points Name High Low Range Prev. Sensex 24882 24597 285 24682 24825 Nifty Spot 7588 7488 101 7510 7564 Nifty Future 7600 7501 99 7534 7584 VIX 19.02 17.15 1.87 18.71 18.69 Name Sentiment Indicators Prev. Day Prm/Disc 23.75 19.9 3.85 PCR () 0.79 0.81-0.02 PCR (Vol) 0.80 0.84-0.04 On the stock front, IndusInd Bank cracked more than after the bank announced that net profit rose 29.92% on 22.05% rise in total income in Q3 December 2015 over Q3 December 2014. On the other hand, Airline stocks gained as crude oil prices extended losses. Pullers CMP INDEX PULLERS & DRAGGERS Weightage HUL 821.45 0.76 5.72 (0.08) Bosch 18190.70 0.13 2.36 1.58 M&M 1187.80 1.83 1.22 (1.03) Draggers CMP Weightage TCS 2326.60 (1.31) -21.38 2.33 INFY 1054.20 (0.56) -7.89 1.23 Tata Mot 356.40 (1.29) -7.68 2.50
MARKET BREADTH SECTORAL ANALYSIS NSE Today % Highest Performer Prev. % Lowest performer Prev. % Advance 436-24.57% Declines 1136 14.29% A/D Ratio 0.38-34.00% CNXMNC Index 0.4-0.14 CNXPSBK Index -2.73-2.06 CNXPHRM Index 0.36-1.62 CNXREAL Index -1.77 0.24 CNXFMCG Index 0.06-0.15 CNXBANK Index -1.76-0.78 Key Takeaways Today also advancing counters have plunged while declining stocks have increased marginally. Therefore overall market breadth was weak. During the second half we witnessed that, IT 0.44%, FMCG 0.34% & Growth 0.28% indices outperformed. On the contrary PSU Bank -0.93% & Media -0.60% stocks underperformed. **(the above mentioned % change are just for second half i.e. after 1PM) On the F&O stocks front, Wockhardt 2.01%, Wipro 1.79% & Infratel 1.55% outperformed the markets. On the other hand, Fed Bank -6.85%, Union Bank -3.02% & Unitech -2.34% went through some correction. **(the above mentioned % change are just for second half i.e. after 1PM) Today long build-up observed in BPCL, COALINDIA, CIPLA & JSWENERGY counter. On the flipside, DABUR, UNITECH, BANKNIFTY & FEDERALBNK observed short build up. OPEN INTEREST (`000) Openinterest Nifty 30,000 25,000 20,000 15,000 10,000 5,000 8600 8100 7600 7100 6600 6100 5600 Key Takeaways The Nifty future closed at 7534.05 levels. There was marginal rise in premium to 23.75 from premium of 19.90 points. The open interest increased marginally down by 0.06%, with a fall in price. The total volumes in futures & options is positioned at 37.64 lakh contracts with a turnover of Rs 2,05,923 crore, with a fall of 16%.,0 12/11 12/15 12/17 12/21 12/23 12/28 12/30 1/1 1/5 1/7 1/11 5100 Today VIX closed at 18.71 levels.
8000000 7000000 6000000 5000000 4000000 3000000 2000000 1000000 0 NIFTY OPTION OPEN INTEREST CE PE On the CALL side 7700 & 7600 strike added 8.55 & 8.20 lakh shares respectively in open interest. Whereas on the Put side 7300 strike added 5.17 lakh shares. Meanwhile, unwinding seen in 8300 CE, 7100 PE, 7700 PE & 7800 PE. Long Build-Up BPCL 893.25 0.15 5,610,600 3.41 Short Build-Up DABUR 256.05-3.16 3,632,000 19.32 COALINDIA 316.6 0.60 15,294,000 3.31 CIPLA 614.8 0.33 7,178,400 2.05 JSWENERGY 84.1 0.90 13,398,000 1.96 UNITECH 6.30-5.97 305,998,000 15.73 BANKNIFTY 15784-1.57 3,029,700 15.44 FEDERALBNK 48.35-7.99 23,896,000 15.42 Short Covering MINDTREE 1488.65 1.26 348,800-12.89 GODREJCP 1271.05 2.74 159,200-10.36 CADILAHC 321 1.45 9,586,500-6.86 HINDZINC 141.5 0.96 2,022,400-6.37 Liquidation ABIRLANUVO 2185-3.04 954,750-8.70 HDIL 79.2-3.06 19,512,000-6.55 ARVIND 339.55-1.29 4,188,800-5.49 GODREJIND 378.05-0.29 1,671,800-5.09 Long Build Up:- Rise in Price & Rise in Liquidation:- Fall in Price & Fall in Short Build Up:- Fall in Price & Rise in Short Covering:- Rise in Price & Fall in
F&O Price Gainers & Losers WOCKPHARMA 1628.3 4.04 4,160,625 0.61 JETAIRWAYS 776.05 3.12 4,009,500-1.50 GODREJCP 1271.05 2.74 159,200-10.36 NTPC 145.85 2.53 16,088,000-5.16 FEDERALBNK 48.35-7.99 23,896,000 15.42 UNITECH 6.3-5.97 305,998,000 15.73 BANKINDIA 100.9-4.68 28,893,000 10.57 KTKBANK 108.55-4.61 16,124,000 2.13 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 27037 1425.83 31245 1674.29 285404 15579.84 INDEX OPTIONS 397503 21850.91 395763 21866.27 1251593 69627.19 STOCK FUTURES 69729 3500.69 78853 3908.58 1066725 50343.34 STOCK OPTIONS 53880 2627.89 53575 2613.22 66108 3119.15 Product Volume and Turnover. of contracts Turnover (in Cr.) Index Futures 2,83,120 14,932.02 Stock Futures 5,04,841 25,446.93 Index Options 26,57,316 149,031.53 Stock Options 3,19,392 16,512.84 F&O Total 37,64,671 205,923.48 News Updates Sensex ends 143 points lower, Nifty50 at 6-mth low of 7,510. European shares rebound as retailers rally. SEBI mulls steps to reduce MFs exposure in corp bonds. NIIT Technologies gains after overseas order win. Housing finance stocks drop after Sebi's review on investment limits by mutual funds. Federal Bank tumbles to 52-week low after weak Q3 outcome.
Stocks In Action Stock View CMP TGT Rationale Looking at the price pattern of WOCKPHARMA it can be construed that the counter was trading in a range of 1615 1515 since many weeks. In today s session finally the counter managed to give a range breakout on the higher side and closed with a gain of almost 4%. The breakout was accompanied with higher volumes and positive crossovers in WOCKPHARMA Bullish 1619.35 1720 momentum oscillators. Even the placement of moving averages indicates that the momentum on the upside might continue in the coming sessions. Hence we advise traders to go long in the stock in the range of 1619-1600 for the upside target of 1720. On the downside, the stop loss should be placed below 1570. Currency Futures Short Name Open High Low Last % % View USDINR FUT 66.98 67.14 66.89 67.01 0.07 2007740 91446 4.77 Bullish JPYINR FUT 56.94 57.2 56.8 56.8-0.16 14365 301 2.14 Bearish GBPINR FUT 97.41 97.63 96.78 96.8-0.78 46438 3750 8.78 Bearish EURINR FUT 72.95 73.2 72.71 72.74-0.4 43902-631 -1.42 Bullish CONCLUSION Today, Nifty remained in pressure throughout the day and finally closed at 7500 levels. The index has been falling for seven consecutive days, which has led intraday momentum indicators to trade in an oversold zone (as discussed in today s edition of Nivesh Prime Time). On a daily chart price has formed bearish Engulfing candlestick pattern corresponded with Twizzer bottom candlestick formation. Finally Nifty has closed below 7550 and now it has opened the door for 7320 / 7200 levels. On the upside resistance is placed at 7605 -- 7655 -- 7675 zone. However key point to annotate on the Bank Nifty chart is that, it has closed at the crucial support of 15750 and formed a bearish Engulfing candlestick pattern (as shown in the chart), indicating relative weakness. The resistance for the Bank Nifty is placed at 16000 -- 16250 range, on the contrary support can be found at 15550 -- 15200 range. On the derivative front highest call base is at 8000 with 1.02 cr. shares. On the other hand highest PUT base remains at 7500 strikes with 79 Lakh shares. FII s continues to be a seller in the cash market. They sold 541 Cr. in cash market; on the other hand DII s bought 141 cr. On the F&O front FII s sold 248 cr. in the index future & 408 cr. in the stock future with a marginal rise in open interest. This indicates the constant bearish tone of the FII s. Though technical evidences are little baffling, still derivative data & FII s data clearly suggest that the broader market is weak. However technical bounce back from lower levels cannot be ruled out. Traders should look to exit long positions on pullback & create fresh short positions on rise up to 7680 7730 levels.
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