S&P CNX -- Nifty -- managed to end in green terrain with minor gains. Market made optimistic start with report that foreign portfolio investors (FPI) have invested Rs 1,086 crore on a net basis so far in October in Indian markets, tracking encouraging factors including improved GST collection, acceleration in economic activity and positive global cues. Sentiments were positive with NITI Aayog CEO Amitabh Kant’s statement that India's massive digital footprint is one of its biggest strengths for Artificial Intelligence (AI) development, and established platforms like Aadhaar, UPI along with massive digital infrastructure create a unique opportunity for this futuristic technology to be leveraged to enhance transparency and improve governance. In afternoon session, market turned volatile as investors remained on sidelines ahead of industrial production data for August and CPI inflation for September which are due later in the day. Finally, Nifty ended the trade above 11900 marks.
Most of the sectoral indices ended in red except FMGC, IT and Pharma. The top gainers from the F&O segment were Coforge, Mindtree and Shriram Transport Finance Company. On the other hand, the top losers were Vedanta, Motherson Sumi Systems and Bank of Baroda. In the index option segment, maximum OI continues to be seen in the 12,000 - 12,700 calls and 10,000 - 10,900 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility increased by 3.66% and reached 21.13.The 50 share Nifty up by 16.75 points or 0.14% to settle at 11,930.95.
Nifty October 2020 futures closed at 11936.50 (LTP) on Monday, at a premium of 5.55 points over spot closing of 11930.95, while Nifty November 2020 futures ended at 11962.20 (LTP), at a premium of 31.25 points over spot closing. Nifty October futures saw an addition of 4,049 units, taking the total open interest (Contracts) to1,56,535. The near month derivatives contract will expire on October 29, 2020 (Provisional).
From the most active contracts, SBIN October 2020 futures traded at a premium of 0.70 points at 199.70 (LTP) compared with spot closing of 199.00. The numbers of contracts traded were 33,196 (Provisional).
ICICI Bank October 2020 futures traded at a premium of 0.45 points at 404.60 (LTP) compared with spot closing of 404.15. The numbers of contracts traded were 24,805 (Provisional).
ITC October 2020 futures traded at a premium of 0.15 points at 172.60 (LTP) compared with spot closing of 172.45. The numbers of contracts traded were 19,569 (Provisional).
Axis Bank October 2020 futures traded at a premium of 1.15 points at 468.00 (LTP) compared with spot closing of 466.85. The numbers of contracts traded were 19,513 (Provisional).
Kotak Mahindra Bank October 2020 futures traded at a premium of 4.00 points at 1316.85 (LTP) compared with spot closing of 1312.85. The numbers of contracts traded were 19,001 (Provisional).
Among, Nifty calls, 12000 SP from the October month expiry was the most active call with an addition of 2,007 units open interests. Among Nifty puts, 11900 SP from the October month expiry was the most active put with an addition of 3,849 units open interests. The maximum OI outstanding for Calls was at 12500 SP (30,633 units) and that for Puts was at 10500 SP (46,684 units).The respective Support and Resistance levels of Nifty are: Resistance 12,012.93 -- Pivot Point 11,940.07 -- Support -- 11,858.08.
The Nifty Put Call Ratio (PCR) finally stood at (1.48) for October month contract. The top five scrips with highest PCR on Vedanta (1.00), HDFC (0.95), Apollo Tyre (0.93), Indusind Bank (0.93) and Titan Company (0.88).
Among most active underlying, Infosys witnessed an addition of 3,463 units of Open Interest in the October month futures contract, followed by Wipro witnessed an addition of 1,418 units of Open Interest in the October month futures contract, SBI witnessed an addition of 67 units of Open Interest in the October month futures contract, Reliance Industries witnessed an addition of 224 units of Open Interest in the October month futures contract and ICICI Bank witnessed an addition of 955 units of Open Interest in the October month future contract (Provisional).
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