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 15000 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 INR107.03 crores in Q3 December 2015 as against net profit of INR274.29 crore in Q3 December 2014. 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 824.70 2.55 17.51 10.14 Key Market Data Points Name High Low Range Sensex 24409 24188 222 24223 24539 Nifty Spot 7419 7350 69 7362 7456 Nifty Future 7433 7375 58 7384 7475 Draggers VIX 18.94 18.02 0.93 18.59 18.04 Name Sentiment Indicators Day Prm/Disc 21.7 19.4 2.30 PCR () 0.80 0.81-0.01 PCR (Vol) 0.90 0.97-0.07 CMP Weightage INFY 1162.10 (1.24) -23.11 (5.66) TCS 2419.85 0.82 3.85 (2.59) Yes Bank 779.15 1.78 0.36 0.34 Tata Moto 321.15 (2.93) -15.79 (0.94) ICICI Bank 204.70 (2.96) -12.74 3.15
MARKET BREADTH SECTORAL ANALYSIS NSE Today % Highest Performer % Lowest performer % Advance 212-45.08% Declines 1358 15.67% A/D Ratio 0.16-52.52% CNXFMCG Index 0.05-0.46 CNXSMCP Index -3.18-1.47 CNXMNC Index -0.2-1.12 CNXREAL Index -2.99-2.08 CNXCON Index -0.35-0.94 CNXMET Index -2.64-4.82 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 -10.36%, 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 20,000 8100 7600 7100 Key Takeaways The Nifty February Fut. closed at 7383.5, 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 10,000 6600 6100 The total volumes in futures & options is positioned at 41.27 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 2/2 5600 5100 Today VIX closed flat at 18.59 levels, with a gain of 3%.
NIFTY OPTION OPEN INTEREST 5000000 4000000 3000000 2000000 1000000 0 CE PE On the option front highest call base for the Feb series is at 7600 strike with 45.22 Lakh shares. On the other hand highest PUT base is at 7400 strikes with 39.51 Lakh shares. Long Build-Up BAJFINANCE 6409.95 9.84 246,875 29.25 TORNTPHARM 1384.15 2.40 440,800 12.56 HINDUNILVR 824.7 2.55 5,005,200 10.14 APOLLOHOSP 1481.8 3.01 832,800 6.71 Short Build-Up CROMPGREAV 130.35-22.27 21,759,000 46.02 ACC 1246.60-1.02 4,059,750 23.70 PFC 164-3.27 19,382,000 10.82 ORIENTBANK 100.6-5.18 11,253,000 6.77 Short Covering AMARAJABAT 865.05 0.08 882,000-7.31 CADILAHC 317.55 0.13 5,377,500-4.07 TCS 2419.85 0.82 3,926,800-2.59 TITAN 354.65 0.25 6,351,000-0.87 Liquidation MINDTREE 1487.4-1.77 353,600-7.43 INFY 1162.1-1.24 10,891,000-5.66 IGL 559.9-1.38 1,798,500-5.00 WOCKPHARMA 1142.25-6.10 3,025,875-4.67 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
F&O Price Gainers & Losers BAJFINANCE 6409.95 9.84 246,875 29.25 APOLLOHOSP 1481.8 3.01 832,800 6.71 HINDUNILVR 824.7 2.55 5,005,200 10.14 TORNTPHARM 1384.15 2.40 440,800 12.56 CROMPGREAV 130.35-22.27 21,759,000 46.02 DISHTV 77.25-13.20 34,090,000 6.45 UNITECH 5.05-9.01 233,464,000 3.66 JINDALSTEL 55.5-7.88 43,967,000 3.24 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 26218 1335.51 32717 1687.85 207675 10972.2 INDEX OPTIONS 582977 31429.78 573380 30957.65 1039565 56696.18 STOCK FUTURES 88330 3965.48 97077 4261.23 1100477 48060.01 STOCK OPTIONS 56934 2530.17 58220 2582.54 46054 1991.19 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 15,302.19 Stock Futures 5,78,575 25,719.65 Index Options 29,24,045 159,814.43 Stock Options 3,23,703 14,885.85 F&O Total 41,26,779 215,722.13 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.
Stocks In Action Stock View CMP TGT Rationale Apollo Hospital Bullish 1487 1670/1825 Apollo Hospital has been in a broader range on weekly charts & consolidating since mid of March 2015. Stock has time & again attempted to breach 1515-25 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 7325 7310 (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 7435 7470 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 14600 14450 14300 (GAP witnessed in mid MAY 2014). On the contrary resistance can be seen at 15020/ 15250 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 -- 7200 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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