Market Recap It was a range bound session for our domestic markets amid the firm global cues. However, the momentum remained subdued only for the benchmark indices and not for the individual stocks. The index NIFTY traded in a positive terrain for most of the time during the day and closed near day s high with minor gains. Meanwhile, we witnessed huge activity in specific sectors like Metals, Mining, Telecom and IT. Metal and mining counters were the eye candy today as they surged after most metals gained in global commodities markets. On the other hand, the export oriented sectors like IT and PHARMA remained a bit under pressure. Despite the strong contribution from the L & GAS counters NIFTY failed to reach the 8200 mark and closed below the same. Among the global indices, European indices FTSE (+0.36%), CAC (+0.51%) and DAX (+0.84%) were trading with minor change. The Asian Indices like NIKKIE (+0.75%), HANGSENG (+3.04%) and SHANGHAI (closed) displayed a strong trend. On the sectoral front, as mentioned earlier CNXIT (- 1.74%) stocks were the biggest laggards followed by CNXSERVICE (-0.39%) counters. From the list of gainers, CNXMETALS (+3.25%) stocks sustained their upside journey followed by CNXAUTO (+1.46%) and CNXENERGY (+1.48%). Even the CNXREALTY (+2.42%) pack ended with smart gains. The domestic currency INR appreciated significantly against the greenback as the pair USDINR closed with heavy loss. On the stock front, HINDALCO (+9.32%) was the biggest gainer under the umbrella of metals stocks. On the other hand, JUBLFOODS (-5%) plunged after the announcement of CCD s IPO. Once again, the sugar stocks ended with heavy gains. Pullers CMP INDEX PULLERS & DRAGGERS Weightage Key Market Data Points Name High Low Range Sensex 27082 26878 205 27036 26933 Nifty Spot 8189 8133 56 8177 8153 Nifty Future 8205 8142 63 8200 8161 VIX 19.74 17.90 1.84 19.34 19.31 Name Sentiment Indicators Day Prm/Disc 22.1 7.65 14.45 PCR () 1.15 1.11 0.04 PCR (Vol) 0.95 1.03-0.08 Draggers CMP Weightage Reliance 914.85 1.89 8.22 (1.94) ITC 347.50 1.22 7.45 1.07 ONGC 258.00 4.26 6.75 (0.49) INFY 1132.30 (1.67) -8.98 4.17 TCS 2661.80 (1.21) -6.76 0.20 HCL TECH 818.30 (4.16) -5.21 3.55
MARKET BREADTH SECTORAL ANALYSIS NSE Today % Highest Performer % Lowest performer % Advance 955 4.14% Declines 560-5.72% A/D Ratio 1.71 10.47% CNXMET Index 3.25 1.64 CNXIT Index -1.74-0.93 CNXREAL Index 2.42 0.84 CNXMED Index -0.1-0.77 CNXNRG Index 1.48 1.27 CNXINFR Index 0.06 0.31 (`000) Key Takeaways During the second half we witnessed, sectors like CNX Metal (+1.97%), CNX Energy (+1.66%) & CNX Commodities (+0.99%) outperformed, on the contrary only CNX IT (-62%) & CNX Realty (-0.19%) stocks were under pressure. On the stock front, Hindalco (+5.27%), Hind. Zinc (+4.34%) and Rcom (+3.49%) outperformed the markets. On the other hand, India Cement (-6.59%), HDIL (-1.57%) and Just Dial (-1.31%) went through some correction. **(the above mentioned % change are just for second half i.e. after 1PM) The long build-up was seen in counters like ARVIND, NMDC, TVSMOTOR & RCOM. On the flipside, INDIACEM, CNXIT, ASHOKLEY & JUBLFOOD observed short build up. Today, advancing counters have increased while declining stocks reduced, indicating that the overall market breadth is positive. 35,000 30,000 OPEN INTEREST Openinterest Nifty 8600 8100 Key Takeaways The Nifty future closed at 8194.65 with a premium of 22.1 points against premium of 7.65 points. 25,000 20,000 15,000 10,000 5,000 7600 7100 6600 6100 5600 The open interest increased by almost 5% with a rise in price, indicating long build up. The total open interest in the market was 2,29,40,150 added by 10,88,400 Today VIX closed flat around 19.34 levels.,0 9-8 9-10 9-14 9-16 9-21 9-23 9-28 9-30 10-5 5100
Key Takeaways On the Option front, highest has been observed in 8300 CE and 8200 CE, while the highest PUT base seems to be at 7800 PE and 8000 PE. ARVIND Long Build-Up 288.40 1.19 4072700 13.99 NMDC 95.2 0.79 13481000 13.87 TVSMOTOR 240.7 5.43 5393000 12.35 RCOM 76.25 5.76 45940000 11.32 Short Build-Up INDIACEM 77.35-6.41 21228000 24.97 CNXIT 11710.9-1.46 13810 16.54 ASHOKLEY 93.6-1.32 65727000 11.99 JUBLFOOD 1591.1-5.02 2054400 9.18 Liquidation JINDALSTEL 70.35-5.19 36501000-7.55 CEATLTD 1288.15-1.03 1627800-7.12 APOLLOHOSP 1484.75-1.02 624650-6.09 AMARAJABAT 1028.4-2.11 735850-5.73 Short Covering BOSCHLTD 21494.6 3.37 111500-12.94 HEROMOTOCO 2544 0.35 982850-7.39 PAGEIND 14172.75 1.12 40800-6.31 ENGINERSIN 200.75 1.01 1291800-5.69 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
Price Gainers & Losers UNITECH 7.35 15.75 189937000 8.94 HINDALCO 82.3 9.59 54684000-0.88 JPASSOCIAT 12.9 8.40 160664000 9.11 VEDL 91.25 5.86 58180000 2.92 INDIACEM 77.35-6.41 21228000 24.97 JINDALSTEL 70.35-5.19 36501000-7.55 JUBLFOOD 1591.1-5.02 2054400 9.18 HCLTECH 818.3-4.16 8575950 3.55 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 97585 2200.77 47624 1061.26 984369 22287.1 INDEX OPTIONS 268446 7223.67 281692 7438.85 2061365 65205.8 STOCK FUTURES 85883 2231.75 98345 2694.44 1784346 46667.1 STOCK OPTIONS 70207 1722.27 74685 1841.78 97406 2651.59 Volume and Turnover Product. of contracts Turnover (in Cr.) Index Futures 5,79,293 15,304.12 Stock Futures 9,09,902 24,091.27 Index Options 49,62,365 1,12,738.38 Stock Options 4,76,537 12,285.48 F&O Total 69,28,097 1,64,419.25 News Updates Sensex climbs 102 points, Nifty @ 8,177 on global cues; Gati up 12%, Hindalco 9% Bajaj Corp Q2 net profit up 24.95% at Rs 46.77 crore. Wipro shares tank over discrimination suit. Glenmark Pharma slips on reports Delhi HC restrains it from selling anti-diabetes drugs. PSU OMCs drop after surge in crude oil prices. Redington (India) surges after acquiring majority stake in Turkey's Linkplus.
Stocks In Action Stock View CMP TGT Rationale SREINFRA Bullish 48.05 58 Since past few weeks, SREINFRA has been trading in a band of 42 48. In today s session the stock managed to clear this hurdle and closed above the same. The price action was accompanied with rise in volumes. Also, on the daily chart we are witnessing that the prices have taken a shape on a bullish Triangular pattern which will be confirmed above 49.50 mark. The target for the pattern comes around 58 levels. Thus, we advise traders to go long in the counter at cmp for the upside target of 58. The stop loss on the downside should be placed below 44 mark. Currency Futures Short Name Open High Low Last % % View USDINR. OCT 65.53 65.61 65.21 65.23-0.66 2013092 249325 14.14 Bearish JPYINR. OCT 54.67 54.73 54.28 54.29-0.51 10106 2657 35.67 Bearish GBPINR. OCT 99.75 100.08 99.68 99.87 0.28 44269-660 -1.47 Bullish EURINR. OCT 73.81 74 73.3 73.44-0.32 50092 9550 23.56 Bearish Conclusion NIFTY opened on a buoyant note and traded in a narrow range before turning volatile. The Index recorded a low of 8133, before staging a comeback to move up to a high of 8188. Traders should note that Nifty has penetrated the huge negative GAP witnessed on 24th Aug 2015 and now it is heading towards higher end of the GAP. Another key observation is that, as Nifty is heading towards 8225 levels, the momentum is shrinking day by day, indicating caution at higher levels. Going ahead, in case if Nifty sustains above 8225 then there could be further bounce which can help the Index to test resistance levels of 8320 8365 (negative gap witnessed on 21st Aug. 2015). On down side immediate support comes around 8140 / 8060 (intraday key support) followed by 8000 / 7940 levels. In line with our expectation, Nifty has been forming higher top higher bottom formation. We recommend traders to hold on-going long position and trail stop below 8060 levels. Option traders can hold 8000 and trail stop at 190.
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