1.0 National Stock Exchange (NSE) Benchmark Index Nifty50 :-
[A] Movement of Benchmark Index :
Nifty50 resumed sliding to and made Day's low at 7,009.
Nifty50 finally closed at .7,018 or 1.28 % 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 20.8%. Contract was closed at 7,023 or 1.28% Lower. Decrease in OI indicates Long Unwinding.
Next session is last session before expiry of near month contracts.
March'16 expiry Nifty50 Future was closed with Cost of Carry of 3.90 at 7,041 or 1.23% lower. Open Interest was increased by 38.73%. Increase in OI indicates fresh Short Built up.
(ii) At the end of session,
(a) Near month Expiry Option Contracts:-
Highest Open Interest(OI) of Near month Call Option contracts was at 7,200 strike( No Change). Fresh Built Short up at 7,200 Call strike and 7,000 Call Strike was seen.
Highest OI of Put Option contracts was at 7,000 Put strike (no change). Fresh Long position was built up at 7,000 put strike, whereas Short covering was seen at 7,200 PUT strike,
Highest trading volume of Call option contracts was recorded at 7,100 strike, whereas highest trading volume of Put option contracts was recorded at 7,000 strike.
(b) Next month Expiry (March16 Expiry) Option Contracts:-
Highest Open Interest(OI) of Near month Call Option contracts was at 7,700 strike( No Change). Fresh Built Short up at 7,200 Call strike and 7,700 Call Strike was seen.
Highest OI of Put Option contracts was at 7,000 Put strike (no change). Fresh Long position was built up at 7,000 PUT strike,
Highest trading volume of Call option contracts was recorded at 7,400 strike, whereas highest trading volume of Put option contracts was recorded at 7,000 strike.
(iii) At the end of session,
Implied volatility (IV) of Near month (February'16 Expiry) 7,000 strike Call Option was seen at 22.21, whereas IV of Near month 7,000 strike Put Option was seen at 22.22.
Implied volatility (IV) of March'16 Expiry 7,000 strike Call Option was seen at 18.26, whereas IV of Near month 7,000 strike Put Option was seen at 23.88..
(iv) At the end of today's session,
Near Month Expiry (Feb16 Expiry) options
Put Call Ratio (PCR) was recorded as 0.89(Vol), against previous session's 0.82 (volume). At the end of today's session, PCR was recorded as 0.58(OI), against previous session's 0.69(OI) .
Next Month options (March16 Expiry) options,
Put Call Ratio (PCR) was recorded as 0.89(Vol), against previous session's 1.04 (volume). At the end of today's session, PCR was recorded as 0.87(OI), against previous session's 0.84 (OI) .
2.0 Movement of India Volatility - Index INDIA VIX :-
IndiaVix traded in RED Zone and finally closed at 22.955 or 3.7 % LOWER.
3.0 Advance Decline Ratio(ADR) :-
NSE Advance Decline Ratio(ADR) opened near 0.30. Thereafter, market strength slightly strengthened. ADR finally closed at 0.37 i.e. on NSE, 409 stocks closed in GREEN against 1102 stocks closed in RED or in simple words, out of every 100 stocks 27 stock closed with gain.
4.0 Movement of Currency Future :-
USD-INR Near Month future(Feb'16 Exp) closed with slight loss of 0,05% at 68.5925 INR.
5.0 Sectoral Indices - Closing:-
At the end of session,
BankNifty Index closed 1.53% Lower.
NiftyAuto Index closed 1.23%Lower
NiftyIT Index closed 1.26% Lower.
NiftyMetal Index Closed 2.12% Lower.
NiftyMetal Index Closed 2.12% Lower.
NiftyReality Index closed 0.3% Lower
NiftyPharma Index closed 1.95% Lower
NiftyFMCG Index closed 1.26% Lower.
6.0 Daily Movement of the Front line Stocks :-
Infosys closed 0.10 % Higher.
Reliance closed 0.56% Higher
Hindustan UniLever closed 0.26 % Higher
SunPharma closed 2 % Lower. SBIN closed 1.17% Lower.
TATA Steel closed 2.52% Lower.
TataMotor closed 3.77% Lower,
7.0 New 52 Week High made by front line stocks during the Day :-
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. Figures in brackets shows the % difference of today's closing rate with respect to previous session closing rate.
BHEL(-5.13%)
HDFC(-2.67%)
ICICIBANK (-2.60%)
ITC(-2.08%)
CIPLA (-1.09%)
PNB(-1.03%)
Orissa Mines (-1,11%)
SHOBHA DEVELOPER (-0.64%)
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 13,095 Crore INR which was LOWER than previous session; Turnover in Derivative segment was 5,34,332 crore INR HIGHER than previous session.
11.0 FIIs/DIIs Daily Activity :-
As per EoD provisional statistics, FII/FPIs SOLD equity worth 730 Crore INR (net), whereas DIIs Bought equity worth 615 crore INR(net).
12.0 Important Development during the Day :-
Earlier, Asian Stock Market closed RED.
Later on, major European closed in RED and at the time of writing this, USA stock markets closed in GREEN.
FIIs continued to SELL and DIIs seems to absorb that SELLING.
Later on, major European closed in RED and at the time of writing this, USA stock markets closed in GREEN.
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) February'16 or Near Month Expiry Derivative contracts will expire on 25-February16.
(c) Tomorrow on 25-02-2016 Union Rail Budget proposals will be presented in Parliament.
13.0 Way Ahead :-
At the end of session, India Vix is placed in RED well above 20. NSE ADR is placed at 0.37. Both these together indicates NEUTRAL 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 : 25th-February 2016 02:00 Hrs (Indian Standard TIme).
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