Market Recap There was a roller coaster ride in the domestic markets on the back of tug of war between the bulls and the bears. Ultimately the bulls succeeded in breaking the losing streak as the benchmark indices closed the session with decent gain. The index NIFTY spot managed to close above the 7400 mark. Although the session was extremely volatile but the broader trend remain positive for the day on the hopes that US interest rates may not rise soon and a sharp recovery in the crude oil prices aided the sentiments. Throughout the day NIFTY travelled almost 300 points considering all the swings on the intraday chart. The overall market breadth turned negative as the day progressed. On the global front, European indices like FTSE (+1.23%), CAC (+0.33%) and DAX (+0.48%) were trading with marginal gains while the time the report was made. The Asian Indices like NIKKIE (-0.86%), HANGSENG (+1.00%) and SHANGHAI (+1.53%) closed with mixed trend. On the sectoral front, NIFTY PHARMA (-1.13%) remained under sheer pressure which were followed by NIFTY MEDIA (-1.20%) and NIFTY PSU BANK (-0.79%) stocks. From the list of gainers, NIFTY METAL (+2.75%) stocks were the biggest gainers. Indices like NIFTY INFRA (+1.03%) and NIFTY CPSE (+1.02%) too supported the markets. The broader markets again suffered heavily as the MIDCAP (-0.81%) and SMALLCAP (-1%) indices closed in red. In the money market, except USDINR most of the other currency pairs closed in green due to weakness in the greenback. Key Market Data Points Name High Low Range Sensex 24514 24225 289 24338 24223 Nifty Spot 7457 7366 91 7404 7362 Nifty Future 7479 7378 101 7423 7384 VIX 18.65 17.33 1.33 18.21 18.59 Name Sentiment Indicators Day Prm/Disc 18.65 21.7-3.05 PCR () 0.80 0.80 0.00 PCR (Vol) 0.78 0.90-0.12 On the stock front, Hexaware Technologies jumped more than 7% after the company reported Q4 December 2015 after trading hours yesterday. On the other hand, most of the pharma stocks remained under pressure after the United States government reportedly made it mandatory for Active Pharmaceutical Ingredients to be manufactured locally. Pullers CMP INDEX PULLERS & DRAGGERS Weightage INFY 1181.60 1.68 17 2.24 HUL 836.55 1.44 10.92 (1.19) Tata Mot 326.05 1.53 8.73 (4.14) Draggers CMP Weightage Lupin 1653.55 (3.02) -1.88 (5.83) ITC 322.85 (0.09) -1.68 (3.34) Reliance 977.70 (0.58) -1.53 0.56
MARKET BREADTH SECTORAL ANALYSIS NSE Today % Highest Performer % Lowest performer % Advance 585 175.94% Declines 968-28.72% A/D Ratio 0.60 287.12% CNXMET Index 2.75-2.64 CNXMED Index -1.2-0.63 CNXMNC Index 1.31-0.2 CNXPHRM Index -1.13-0.72 CNXINFR Index 1.03-2.13 CNXSMCP Index -1-3.18 Key Takeaways Today advancing counters have increased significantly while declining stocks dropped marginally. However overall market breadth has remained weak. On the sectoral front Metal sector can witnessed short covering rally, on the flipside Media sector has become weak.. During the second half we witnessed that, Metal 0.71%, MNC 0.04% were positive, on the contrary Media - 2.45%, Smallcap 100-1.60% & Midcap 50-1.52% 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, VEDL 2.54%, Pidilite 1.80% & JSW Steel 1.74% outperformed the markets. On the other hand, Wockhardt -6.39%, Rel Infra 6.14% & KSCL 6.14% 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 7422.65, with a premium of 18.65 against premium of 21.7 points. The open interest tripped over 2.10% with a rise in price, indicating short covering. 15,000 10,000 5,000 6600 6100 5600 The total volumes in futures & options is positioned at 41.93 Lakh contracts with a turnover of Rs. 2,18,997 cr., with a drop of 10%. Today VIX closed flat at 18.21 levels.,0 1/6 1/8 1/12 1/14 1/18 1/20 1/22 1/27 1/29 2/2 2/4 5100
6000000 5000000 4000000 3000000 2000000 1000000 0 NIFTY OPTION OPEN INTEREST CE PE On the option front highest call base for the Feb series is at 7600 strike with 54.21 Lakh shares. On the other hand highest PUT base is at 7400 strikes with 43.49 Lakh shares. Long Build-Up HEXAWARE 234.25 6.84 3,768,000 10.89 L 342.6 1.36 780,000 6.56 JISLJALEQS 60.35 0.58 46,896,000 5.85 NIFTYIT 11226.4 0.60 17,640 5.38 Short Build-Up TORNTPHARM 1358.05-1.89 566,800 28.58 ARVIND 289.25-4.13 4,090,200 18.41 SAIL 38-0.27 40,401,000 9.14 NTPC 125.05-2.00 18,620,000 7.83 Short Covering UBL 813.55 1.50 877,000-16.75 APOLLOTYRE 140.1 1.52 8,019,000-7.25 TATAPOWER 59.1 3.32 24,120,000-5.90 HEROMOTOCO 2514.05 0.72 1,064,000-4.33 Liquidation BAJFINANCE 6368.1-0.65 196,375-20.46 HAVELLS 294.05-0.34 5,194,000-7.25 LUPIN 1653.55-3.02 3,705,000-5.83 AJANTPHARM 1289.5-0.20 435,200-5.31 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 VEDL 68 10.12 81,252,000-2.85 HEXAWARE 234.25 6.84 3,768,000 10.89 MOTHERSUMI 263.5 5.89 10,276,500-2.59 CAIRN 122.95 5.85 12,807,000-0.54 WOCKPHARMA 1023.60-10.39 3,036,750 0.36 RELINFRA 410.5-5.74 11,044,800 2.01 JETAIRWAYS 530.6-5.53 4,673,700-1.40 KSCL 332.55-5.04 2,698,500 1.70 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 38230 2008.93 21507 1118.82 210414 11177.89 INDEX OPTIONS 551271 29695.01 539349 29115.74 1097748 60113.13 STOCK FUTURES 103291 4539.4 101398 4509.34 1117520 48839.73 STOCK OPTIONS 63206 2810.56 63159 2808.33 51709 2245.77 Volume and Turnover News Updates Product. of contracts Turnover (in Cr.) Sensex ends higher by 115 points; metal, capital goods stocks shine. Index Futures 2,91,534 15,061.88 Stock Futures 6,37,809 28,163.84 Index Options 29,12,382 159,641.73 Stock Options 3,51,109 16,129.21 F&O Total 41,92,834 218,996.65 China stocks rebound as dollar tumble eases yuan depreciation fears. Lafarge to quit India, puts entire 11 mtpa on the block. MphasiS rallies 6% as PE investors look to buy stake. Pfizer surges 5% as Q3 net profit rise over two-fold. Tata Motors gains after JLR US sales rise in January.
Stocks In Action Stock View CMP TGT Rationale M&M FUT Bearish 1203 1100 On January 07, 2016 we witnessed a breakdown from a rising trend line on the daily chart of M&M Fut below the 1220 mark. Later on the stock tumbled and registered the recent low of 1102 and recovered sharply. At this point in time the stock is back to 1200 mark but facing strong resistance at the extension of that same trend line. In addition, the stock is facing resistance formed by the placement of 89 Day EMA. A move below 1190 can bring back the downside momentum. Therefore we advise traders to go short in M&M Fut below 1190 for the downside target of 1135-1100. On the upside, the stop loss should be placed above 1225 mark. CONCLUSION Throughout the day Nifty recorded choppy moves and ultimately closed above 7400 mark. The optimistic point to note is that Nifty FUT. filled up yesterday s negative GAP and respected key support of 7380 level. Today s volatile move resulted into a formation of Doji candlestick pattern on the daily chart, suggesting indecisiveness. Nifty FUT. hold important support at 7380 7320 range. Till it continues to hold above these levels, the short term trend is likely to remain sideways to positive. Whereas on the upside, buying strength could emerge in the market above 7490 levels on a sustained basis and can see more momentum towards 7600 / 7690 -- 7730 levels. Caution is advised below 7320 levels. Even Bank Nifty has taken support at swing low of 14750 levels. Going forward, Bank Nifty need to fill the negative GAP (recorded in last sessions) placed in the range of 14950 15025 levels. Only then we can see pullback in Bank Nifty towards 15200 / 15515 levels. On the other hand support can be seen at 14750 -- 14620 levels. Even today FII s remained bearish in the cash market, they sold 196 Cr. while DII s bought 476 cr. On the F&O front FII s were buyer, they bought to the tune of 1502 Cr. They bought 890 cr. in the Index Futures, 579 cr. in Index Option, with a rise in open interest, suggesting long build up. On the derivative front, highest activity was seen in 7500 CE to 7700 CE, while on the PUT side activity was seen in 7400 PE -- 7200 PE. The 7600, 7700 & 7500 strikes Call added 8.99, 6.42 & 5.46 lakh shares respectively. Whereas, 7400 & 7200 PE added 3.97 & 3.56 lakh shares respectively. On the flipside unwinding was seen in 7900 CE & 7500 PE. Nifty appears to have taken breather at lower levels. Going ahead Nifty Fut. is likely to confine within the range of 7380 on the downside & 7620 on the upside. Anticipating high volatility in coming sessions, in last session we had initiated short on Nifty 7400 Straddle with an inflow of 245 which is on hold. We further advice traders to remain light on their positions and wait for further development to initiate a positional trade. Till then keep a stock centric approach. Forthcoming Results 3MINDIA BI DYNAVSN INRADIA MUNJALSHOW PRECISIO SAPL SUNDRMBRAK WHIRLPOOL AARTIDRUGS BIRLAPREC EICHERMOT INTECCAP NATNLSTEEL PRIMAPLA SDBL TAIIND YASHPPR AARTIIND BOMBCYC EKAMLEA JENSONICOL NDTV PROZONINTU SEL TAKE YUKEN ABHICAP BOSCHLTD ELGIEQUIP KANANIIND NENFRA PTC SHARDA TATAINVEST ZHEMHOLD AIL CADILAHC EMMESSA KANSAFB NIMBSPROJ QPRO SHRIDINE TATAPOWER ZSOUTGAS AMBARPIL CAPPL ENKEIWHEL KGDENIM NITCO RADICO SINGER TOKYOFIN ZUARI ARISINT CAPRIHANS GANONTR KHAICHEM NKIND RAMAVISION SMLISUZU TOKYOPLAST ZUARIGLOB ASHIMASYN CARBORUNIV GAYATRI LANDMARC NORTHPR RATNAMANI SOBHA TRIL BENGALS DIVISLAB ASUTENT CAREERP GOKAKTEX LIBORD NRBBEARING RBGUPTA SONASTEER TTL MERCANTILE AURUMSOFT CLARIS GOODYEAR LIBORDFIN OCTAVE RELCHEMQ SPECIALITY UBHOLDINGS INDICAP AUTOPINS COX&KINGS GOPALA LUPIN ORIENTREF RESPONIND SPTRSHI UNQTYMI PRABHAT BAGADIA CPL GTNINDS MADHUDIN OSCAR RICOAUTO SRGHFL V2RETAIL SANGHVIMOV BAGALKOT DEEPAKNI GUJPETR MANINFRA POLYCON RJL SSDUNC VIJAYABANK STERPOW BALLARPUR DICIND HOWARHO MCCHRLS-B PONDYOXIDE RUCHISTR SSLEL WATERBASE WESTLIFE BAPACK DISHMAN INDIAHOME MCDHOLDING PONNIERODE SADBHIN STEELCO WELENT
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