Equity Indices
Market Review
global peers due to rising bond yields. Domestic markets saw
massive selling pressure in banks, financials, metal, pharma and
auto stocks losing the most. The barometer S&P BSE Sensex
tumbled 1,939.32 points or 3.80 percent at 49,099.99 and the Nifty
50 index lost 568.20 points or 3.76 percent to close at 14,529.15.
The Nifty Bank index fell 1,745.40 points or 4.78 percent. Broder
market ended in red, but outperformed the benchmarks, the S&P
BSE Mid-Cap index declined 355.15 points or 1.75 percent while
the S&P BSE Small-Cap index fell 149.63 points or 0.74 percent.
The market breadth was negative in the last trading session. On
the BSE, 1020 shares rose and 1902 shares fell. A total of 179
shares were unchanged. Foreign institutional investors (FIIs) net
old shares worth Rs 8,295.17 crores and domestic institutional
investors (DIIs) net bought shares worth Rs 1,499.7 crores in the
Indian equity market.
- GDP Growth Rate YoY Q4
Advance/Decline – NSE
0.5 0.4
N um
NSE Movement
Traded Quantity
Number of Trades 29541577 23614292 20.06
Total Market Cap.
Asian Indices
% Change 2.26% 1.48% 1.11%
Shanghai
3,530.91
0.62%
(Rs` Mn)
Provisional Figures for Investments
Volumes (Rs. Lakhs)
Yield
Nifty Midcap 50 6,797 -2.34 107.89 1.36
Nifty Auto 10,170 -3.12 230.91 1.61
Nifty Bank 34,804 -4.78 32.15 0.36
Nifty Energy 18,793 -2.91 18.07 2.55
Nifty Fin. Services 16,085 -4.93 34.56 0.54
Nifty FMCG 32,443 -1.69 42.10 1.40
Nifty IT 24,301 -2.30 30.91 1.74
Nifty Media 1,625 -2.58 0.00 2.35
2
Business News
equity stake in its investee company skyTran Inc for a
consideration of $26.76 million, increasing its shareholding to
54.46 percent on a fully diluted basis. RIL chairman Mukesh
Ambani said, this acquisition reflects his conglomerate's
commitment to invest in "building futuristic technologies that
would transform the world".
Adani green – company is in advanced discussion to acquire a
250 MW Hero Future Energies (HFE) solar power project in
Jodhpur.
currently exporting 14 models comprising around 150 variants,
to over 100 countries. In 2012-13, the company achieved the
milestone of one-million exports with more than 50 per cent of
the shipments going to the developed markets in Europe. The
company achieved the subsequent million in over eight years
with special focus on emerging markets in Latin America, Africa
and Asia regions.
IOC – the company will invest Rs 32,946 crores to expand its oil
refinery at Panipat in Haryana to 25 million tonnes per annum
capacity and set up chemical units. The expansion will be
completed by September 2024. "The capacity expansion would
improve the operational flexibility of the refinery to meet the
domestic energy demand and would also enhance the
petrochemicals intensity," IOC said.
Nif ty Spot (LHS) INDIA VIX (RHS)
Global Indices
Source: SSL Research, Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg
Economic Update – India & Global FPIs remained net buyers in the February – according to
depositories data, foreign portfolio investors invested a net Rs
25,787 crores in equity and pulled out Rs 2,124 crores from bond
market in February month. Total net investment by FPIs stood at
Rs 23,663 crores during the period under review. In January total
net investment by FPIs stood at Rs 14,649 crores.
Indian economy returns to growth in Q3 – Gross Domestic
Product (GDP) rose 0.4 percent in real terms for October-
December quarter of 2020-21. The manufacturing sector posted a
growth of 1.6 percent in the quarter under review, compared to
the contraction of 2.9 percent during the same period last year.
After dipping by 35.9 percent in the April-June quarter, mainly due
to a nation-wide lockdown, manufacturing gross value added
(GVA) came on the recovery track in the July-September quarter,
contracting by only 1.5 percent. Agricultural sector grew at 3.9
percent. Construction sector saw a growth of 6.2 percent in Q3 as
compared to the fall of 7.2 in Q2. The financial service sector
grew at 6.6 percent as compared to contraction of 9.5 percent in
the last quarter.
Nasdaq100 0.63 1.69
FTSE100 -2.53 -1.35
CAC -1.39 2.04
DAX -0.67 0.43
KOSPI 3.50 5.27
Last Close
INFOSYS 17.10 1252.40 1.10
DRREDDY 60.00 4424.60 0.30
TATAMOTORS 22.00 323.00 0.70
3
Technical View
weighed on the market and on the downside the support
will be at 14410/14359 levels. Breakout of 14359 would
invite further selling pressure and then we could see
NIFTY testing at 14220/14104 levels. On the higher side
the resistance for the NIFTY is seen at 14760/14890
levels. If NIFTY sustains above 15010 levels then it can
test 15177/15240/15314 levels. One is advised to note that
technically the overall chart pattern on NIFTY is
suggesting that an upside bounce back can be expected at
lower levels and we advise you to apply buy on dips
strategy for medium to long term gains.
BANK NIFTY – Daily Chart -34803
Market Outlook:
consolidation with negative bias and on the downside the
support for the BANKIFTY is seen at 34550 levels. If
BANKNIFTY breaks below 34550 levels then the next level
for BANKNIFTY is seen at 34240/34010 or even 33140
levels. However, on the higher side the resistance will be
at 35800/37230. If BANKNIFTY sustains above these
levels then it can move towards 37710/37890/38130
levels.
TRANWAY ANSHUGOEL 90,000 6.53 PUSHPA BHAJU 1,00,000 6.53
GOYALASS ADHP INVESTMENT & TRADING PRIVATE
LIMITED 4,04,111 2.62 NA - -
4
F&O Cues
The Put Call ratio stood at 0.93 levels and suggesting that
consolidation with negative bias on NIFTY Future. The Nifty
futures were at 14578 at premium of 49 points compared with
the Nifty's closing of 14529 in the cash market.
On the options front, call open interest (OI) of 38.39 lakh
contracts was seen at the 15100-strike price and this will act
as a crucial resistance level for current series. This is
followed by 15200 strike prices, which holds 33.20 lakh
contracts in open interest, and 15500, which has
accumulated 29.73 lakh contracts in open interest.
Put open interest of 33.76 lakh contracts was seen at 15100
strike price, which will act as crucial support for current
series. This is followed by 15000 strike price, which holds
33.70 lakh contracts in open interest, and 14500 strike price,
which has accumulated 25.87 lakh contracts in open interest.
The Indian Volatility Index was seen increasing by 8.47%,
closing at 25.20 indicating volatitliy may remain high in
coming trading sessions.
PCR-OI PCR-VOL NIFTY
(% Change)
Total 480121.67 481519.44 -1397.77 76.62
FIIs Fund Activity
NIFTY Options OI
- Nil
Derivatives Snapshot – NIFTY
Particulars Spot Future Prem. / Disc. Futures OI PCR OI PCR VOL VIX (%)
Current 14529.00 14578.45 49.45 12057225 0.93 1.12 28.14
Previous 15097.35 15169.5 72.15 13356525 1.23 1.09 22.89
Change (%) -3.76 -3.90 – -9.73 – – –
Sector Movements
Long Buildup
Scrip Price %
Price Change
Short Buildup
Scrip Price %
Price Change
Short Covering
Scrip Price %
Price Change
Long Unwinding
Scrip Price %
Price Change
Sector Cues
CHEMICALS & FERTILIZERS and PAINT
An Increase in open interest along with increase in price
indicates positive bias and long build up was seen in
TATACHEM, SAIL and COLPAL.
An increase in open interest along with decrease in price
indicates negative bias and short build up was seen in
HDFCLIFE, POWERGRID and PNB.
Top Stock Options IV
Scrip Strike CE/PE Volume
MARUTI 7500 CE 9017
BHARTIARTL 600 CE 8684
MARUTI 7000 CE 8386
COALINDIA 160 CE 7856
HDFCBANK 1600 CE 7309
MARUTI 7200 CE 6976
ICICIBANK 650 CE 5284
BHARTIARTL 580 CE 5109
ITC 230 CE 4998
MARUTI 8000 CE 4860
MARUTI 7100 CE 4673
ICICIBANK 600 PE 4653
COALINDIA 170 CE 4650
HDFCBANK 1500 PE 4499
ICICIBANK 600 CE 4497
SSL Research Centre
Gauri Hanmantgad Research Associate gauri.hanmantgad@shcilservices.com 022-61778600
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