S&P CNX -- Nifty -- ended the Friday’s trade tad lower. Market made a positive start, as traders found support with Moody's Investors Service in its latest report stated that India's economic recovery reduces the risk of a sharp deterioration in public sector banks' (PSBs) asset quality. But, it said the capital would remain insufficient to support credit growth and absorb unexpected shocks. Further, market maintained its gains till the late afternoon session, as government approved applications from several medical devices manufacturers under the Production Linked Incentive (PLI) scheme for the promotion of domestic manufacturing. Some additional support also came after leading trade bodies are expecting that the outbound shipments will rise in the coming months as the uncertainty in global markets began to subside. However, in last leg of trade market wiped out all its earlier gains to turn negative even after Union Minister of State for Finance Anurag Thakur has said that the budget shows hope to build a new India and will lead the nation on the path of becoming an economic and manufacturing powerhouse.
Traders were seen piling up positions in Bank, IT and Realty stocks, while selling was witnessed in Media, Auto and FMGC. The top gainers from the F&O segment were Motherson Sumi Systems, CONCOR and Adani Enterprises. On the other hand, the top losers were BOSCH, Ashok Leyland and Vodafone Idea. In the index option segment, maximum OI continues to be seen in the 14100 - 16200 calls and 13,700 - 14,500 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 3.93% and reached 22.14. The 50 share Nifty down by 10.00 points or 0.06% to settle at 15,163.30.
Nifty February 2021 futures closed at 15163.40 (LTP) on Friday, at a premium of 0.10 points over spot closing of 15163.30, while Nifty March 2021 futures ended at 15205.95 (LTP), at a premium of 42.65 points over spot closing. Nifty February futures saw an addition of 4,930 units, taking the total open interest (Contracts) to 1,49,635 units. The near month derivatives contract will expire on February 25, 2021 (Provisional).
From the most active contracts, Reliance Industries February 2021 futures traded at a premium of 2.25 points at 2043.30 (LTP) compared with spot closing of 2041.05. The numbers of contracts traded were 61,545 (Provisional).
ITC February 2021 futures traded at a discount of 4.15 points at 213.55 (LTP) compared with spot closing of 217.70. The numbers of contracts traded were 37,643 (Provisional).
Motherson Sumi Systems February 2021 futures traded at a premium of 1.00 points at 199.00 (LTP) compared with spot closing of 198.00. The numbers of contracts traded were 30,794 (Provisional).
SBIN February 2021 futures traded at a premium of 0.95 points at 393.80 (LTP) compared with spot closing of 392.85. The numbers of contracts traded were 27,126 (Provisional).
ICICI Bank February 2021 futures traded at a premium of 1.20 points at 648.70 (LTP) compared with spot closing of 647.50. The numbers of contracts traded were 23,695 (Provisional).
Among, Nifty calls, 15500 SP from the February month expiry was the most active call with an addition of 1,988 units open interests. Among Nifty puts, 15000 SP from the February month expiry was the most active put with an addition of 553 units open interests. The maximum OI outstanding for Calls was at 15500 SP (27,512 units) and that for Puts was at 14000 SP (38,668 units). The respective Support and Resistance levels of Nifty are: Resistance 15,244.20 -- Pivot Point 15,162.60 -- Support -- 15,081.70.
The Nifty Put Call Ratio (PCR) finally stood at (1.36) for February month contract. The top five scrips with highest PCR on Axis Bank (1.36), SBIN (1.34), ICICI Bank (1.17), Vedanta (1.08) and Shriram Transport Finance Company (1.00).
Among most active underlying, Motherson Sumi Systems witnessed an addition of 1,628 units of Open Interest in the February month futures contract followed by SBIN witnessed an addition of 82 units of Open Interest in the February month futures contract, Reliance Industries witnessed a contraction of 966 units of Open Interest in the February month futures contract, ITC witnessed an addition of 5,444 units of Open Interest in the February month futures contract and Tata Motors witnessed a contraction of 290 units of Open Interest in the February month futures contract (Provisional).
