1.0 National Stock Exchange (NSE) Benchmark Index Nifty50 :-
[A] Movement of Benchmark Index :
Nifty50 resumed sliding and made Day's low at 7,090.
Nifty50 finally closed at .7,109 or 1.73 % Lower.
[B] Movements in Derivative Contracts of Bench Mark Index Nifty50 :
(i) At the end of session, Open Interest in near month (Feb16 Expiry) Future contract of Nifty50 was decreased by 22.9%. Contract was closed with Cost of Carry at -3.32 at 7,113 or 1.83% Lower. Decrease in OI indicates Long Unwinding.
This is last week for expiry of near month contracts.
March'16 expiry Nifty50 Future was closed with Cost of Carry at 2.70 at 7,132 or 1.78% lower. Open Interest was increased by 62.90%. Increase in OI indicates fresh Short Built up.
(ii) At the end of session,
Highest Open Interest(OI) of Near month Call Option contracts was at 7,200 strike against 7,400 call Strike in previous session. Fresh Built Short up at 7,200 Call strike has made this shift.
Highest OI of Put Option contracts was at 7,000 strike against 7,200 put strike in previous session. This change was due to short covering at 7,200 PUT strike,
Highest trading volume of Call option contracts was recorded at 7,200 strike, whereas highest trading volume of Put option contracts was recorded at 7,100 strike.
(iii) At the end of session,
Implied volatility (IV) of Near month (February'16 Expiry) 7,100 strike Call Option was seen at 16.04, whereas IV of Near month 7,100 strike Put Option was seen at 18.81.
Implied volatility (IV) of March'16 Expiry 7,100 strike Call Option was seen at 17.27, whereas IV of Near month 7,100 strike Put Option was seen at 23.89.
(iv) At the end of today's session,
Near Month Expiry (Feb16 Expiry) options
Put Call Ratio (PCR) was recorded as 0.82(Vol), against previous session's 0.92 (volume). At the end of today's session, PCR was recorded as 0.69(OI), against previous session's 0.82 (OI) .
Near Month options (March16 Expiry) options,
PCR was recorded as 1.04 (Vol) and 0.84(OI).
2.0 Movement of India Volatility - Index INDIA VIX :-
IndiaVix continuously traded in GREEN Zone with rising trend and finally closed at 23.8375 or 13.4 % HIGHER.
3.0 Advance Decline Ratio(ADR) :-
NSE Advance Decline Ratio(ADR) opened near 0.5. Thereafter, market strength deteriorated to 0.22. ADR finally closed at 0.28 i.e. on NSE, 343 stocks closed in GREEN against 1199 stocks closed in RED or in simple words, out of every 100 stocks 22 stock closed with gain.
4.0 Movement of Currency Future :-
USD-INR Near Month future(Feb'16 Exp) closed FLAT at 68.6425 INR.
5.0 Sectoral Indices - Closing :-
At the end of session,
NiftyIT Index closed 1.11% Lower.
BankNifty Index closed 2.62% Lower.
NiftyAuto Index closed 1.52%Lower
NiftyMetal Index Closed 1.14% Lower.
NiftyReality Index closed 2.74% Lower
NiftyPharma Index closed 1.19% Lower
NiftyFMCG Index closed 1.76% Lower.
6.0 Daily Movement of the Front line Stocks :-
Infosys CLOSED 0.32% Lower.
SunPharma closed 1.41% Lower.
SBIN closed 3.85% Lower.
Hidustan UniLever closed 3.15% Lower.
TATA Steel closed 1.12% Lower.
Reliance closed 1.91% Lower.
TataMotor closed 0.42% Lower, SunPharma closed 1.41% Lower.
SBIN closed 3.85% Lower.
Hidustan UniLever closed 3.15% Lower.
TATA Steel closed 1.12% Lower.
Reliance closed 1.91% Lower.
7.0 New 52 Week High made by front line stocks during the Day :-
In today's trade - no stock from Nifty50 / major Sectoral Index made fresh 52 week High.
8.0 New 52 Week Low made by front line stocks during the Day :-
Following front-line stocks of Nifty50 / major Sectoral Index made fresh 52 week low in today's trade and closed in RED. Figures in brackets shows the % difference of today's closing rate with respect to previous session closing rate.
BHEL(-2.62%)
HDFC(-0.92%)
Motherson Sumi(-3.91%)
SHOBHA DEVELOPER (-2.52%)
9.0 Derivative Stock with Extra-ordinary price movement :
Not Any in today's trade.
10.0 Daily Turnover on NSE :-
On NSE, Turnover in Equity segment was 13,393 Crore INR which was HIGHER than previous session; Turnover in Derivative segment was 4,57,709 crore INR HIGHER than previous session.
11.0 FIIs/DIIs Daily Activity :-
As per EoD provisional statistics, FII/FPIs SOLD equity worth 289 Crore INR (net), whereas DIIs Bought equity worth 257 crore INR(net).
12.0 Important Development during the Day :-
Earlier, Asian Stock Market closed RED.
Later on, major European and USA stock markets closed in RED.
FIIs continued to SELL and DIIs seems to absorb that SELLING.
Later on, major European and USA stock markets closed in RED.
FIIs continued to SELL and DIIs seems to absorb that SELLING.
For Indian Stock market, current week is important because,
(a) this is the last week before Union Budget for next financial year 2016-17 in Next week.
(b) Feruary'16 or Near Month Expiry Derivative contracts will expire on 25-February16.
13.0 Way Ahead :-
At the end of session, India Vix is placed in GREEN well above 20. NSE ADR is placed at 0.28. Both these together indicates NEGATIVE view for upcoming session.
Important Disclaimer :-
Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group.
Written on : 24th-February 2016 00:30 Hrs (Indian Standard TIme).
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