MOSt Market Roundup
26th February 2018
EQUITY Market
Cash Volumes (INR in Crores)
Exchange
BSE (Cash)
NSE (Cash)
NSE(Derivatives)
Today
-
29,165
4,29,199
Pev. Day
3,979
32,265
4,10,321
Sensex
34445.75
303.60
Nifty
10582.60
91.55
Dealer's Diary
Market bounced back in last two sessions. Nifty climbed up ~1% (91
points) to close at 10583 and gained 200 points in the two consecutive
days. Strong global cues lifted market sentiment. There was bargain
hunting in the market as many frontline stocks declined sharply in the
last few sessions. Moreover, Indian market did not participate in the
recent global market rally from the lows. Mid-cap, Small Cap, Auto,
Metal, Realty (up 3%) and Private Banking stocks gained 1% while Tech,
PSU Banks and Pharma stocks declined. US market gained 1% on last
Friday on account of fall in the bond yield from 2.95% to 2.87% and
news about US Fed hike in the interest rates. Both, Asian and European
markets gained half to one percent. Both Zee and Tata Elexsi gained
over 2% each after the news that Zee partners with Tata Elxsi for
developing front application. Auto stocks like Maruti gained nearly 4%
to close at Rs9005 ahead of February monthly sales volume. Others
Auto stocks like TVS Motor, M&M, Bajaj Auto and Tata Motor gained
between 1-3%. PSU Banking stocks like OBC (down 12%), PNB, Bank of
India, Canara Bank, BoB declined 1-2% on concern of PNB and OBC
fraud case issue. However, private banks like HDFC Bank, ICICI Bank,
RBL Bank, IndusInd Bank and Axis Bank gained 1-2% on account of
bargain hunting.
Advance / Decline
Group
Advance
Decline
Unchanged
NIFTY 50
38
12
0
BSE 200
141
59
1
Top Nifty - 50 Index Gainers
Scrip
MARUTI
TATAMOTORS
LT
INDUSINDBK
UPL
LTP
9,050
373
1,344
1,691
721
% Change
4.0
3.5
3.3
2.9
2.9
Top Nifty - 50 Index Losers
Scrip
SUNPHARMA
TCS
TECHM
INFY
ITC
LTP
555
3026
611
1140
266
% Change
-2.5
-1.6
-1.6
-1.4
-1.1
Technical Outlook
Nifty index opened positive and witnessed sustained buying interest
for the second consecutive trading session. It rallied by more than 200
points from 10400 to 10600 zones in last two sessions and finally
managed to close above its 50EMA. It formed a Bullish candle on the
daily scale which indicates that bulls are having an upper hand in the
market on immediate basis. Now it has to continue to hold above 10500
zones to extend its move towards 10620 then 10720 mark, while on the
downside supports are seen at 10500 then 10430 levels.
Nifty Futures
10594.10
89.55
Premium
11.50
DERIVATIVE MARKET
Derivative Volumes (INR in Crores)
Exchange
Index Futures
Stock Futures
Index Options
Stock Options
F&O Total
No. of
Contracts
1,75,721
6,67,998
35,99,036
3,86,647
48,29,402
Turn
Over
15,601
48,126
3,36,860
28,612
4,29,199
Nifty Future closed with the gains of 0.85% at 10594.On the option front,
Maximum Put open interest is at 10000 followed by 10400 strike while
maximum Call open interest is at 10700 followed by 11000 which is shifting
its support higher. Fresh and meaningful Put Writing is seen at 10500 followed
by 10600 strike while Maximum Call Writing is seen at 10900 followed by
11000 strike. Option band signifies a trading range between 10500 to 10750
zones. India VIX fell down by 3.57% at 13.69. Falling VIX is providing stability
to bulls in the market. Built up of long position were seen in Tornpharma,
Rcom, BPCl, Voltas, Mothersumi, Bharatfin, Tv18 BRDCST, Torntpower, ACC and
Tvsmotor while shorts were seen in Orient Bank, Page Ind, Mindtree, Union
Bank, Bank India, PNB and Divislab.
Most Active Stock Future
Stock
Futures
MARUTI
TATASTEEL
SUNPHARMA
TATAMOTORS
Price
INR
9,050
681
555
373
No. of Contract
Vol
OI
19,783
17,122
16,138
14,798
30,474
30,602
51,766
45,369
Most Active Nifty Calls
Index
Option
10,600
10,700
10,800
10,500
Price
INR
137.8
89.1
53.0
201.0
No. of Contract
Vol
OI
1,21,260
1,11,980
82,277
75,082
33,120
40,625
32,684
33,054
Most Active Nifty Puts
Index
Option
10,500
10,400
10,300
-
Price
INR
No. of Contract
Vol
OI
39,949
42,959
38,522
-
107.6 1,14,415
79.9
93,827
59.6
73,625
-
-
1
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025