S&P CNX -- Nifty-- ended the Wednesday’s trade with the gains of over one and half a percent. Market made slightly positive start, as Amitabh Kant, CEO of government policy think tank NITI Aayog, said the government was in the advanced stage of finalising the Remission of Duties and Taxes on Exported Products (RoDTEP) rates for all products. Further, market halted its trading till the late afternoon session due to a technical glitch. Market restarted its trading and extended trading hours till 5.00 pm. After reopening, market started its trading in positive territory, as traders took support with private report that India's GDP may turn positive at 1.3 percent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising. Some additional support also came, as Agriculture Minister Narendra Singh Tomar said that the government's decision to increase the agriculture credit target to Rs 16.5 lakh crore for the next fiscal will help in easing the liquidity crunch of farmers. After extending trading session, Nifty reclaimed 14950 mark.
Most of the sectoral indices ended in green except IT.The top gainers from the F&O segment were Indigo, BHEL and HDFC Bank. On the other hand, the top losers were Jubilant FoodWorks, Cholamandalam Investment and Info Edge (India). In the index option segment, maximum OI continues to be seen in the 14100 - 16200 calls and 13,700 - 14,700 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 4.20% and reached 24.17. The 50 share Nifty up by 274.20 points or 1.86% to settle at 14,982.00.
Nifty February 2021 futures closed at 15000.15 on Wednesday, at a premium of 18.15 points over spot closing of 14982.00, while Nifty March 2021 futures ended at 15040.00, at a premium of 58.00 points over spot closing. Nifty February futures saw an addition of 1,482 units, taking the total outstanding open interest (Contracts) to 1,00,021 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 discount of 0.05 points at 2060.00 (LTP) compared with spot closing of 2060.05. The numbers of contracts traded were 28,977 (Provisional).
HDFC Bank February 2021 futures traded at a discount of 3.05 points at 1608.00 (LTP) compared with spot closing of 1611.05. The numbers of contracts traded were 24,698(Provisional).
ICICI Bank February 2021 futures traded at a premium of 2.10 points at 642.10 (LTP) compared with spot closing of 640.00. The numbers of contracts traded were 21,196 (Provisional).
SBIN February 2021 futures traded at a premium of 0.30 points at 408.10 (LTP) compared with spot closing of 407.80. The numbers of contracts traded were 21,188 (Provisional).
HDFC February 2021 futures traded at a premium of 8.40 points at 2718.85 (LTP) compared with spot closing of 2710.45. The numbers of contracts traded were 15,640 (Provisional).
Among, Nifty calls, 15100 SP from the February month expiry was the most active call with a contarction of 9,395 units open interests. Among Nifty puts, 14800 SP from the February month expiry was the most active put with an addition of 26,546 units open interests. The maximum OI outstanding for Calls was at 15200 SP (44,844 units) and that for Puts was at 14000 SP (65,612 units). The respective Support and Resistance levels of Nifty are: Resistance 15,086.18 -- Pivot Point 14,904.62 -- Support --14,800.43.
The Nifty Put Call Ratio (PCR) finally stood at (0.87) for February month contract. The top five scrips with highest PCR on Vedanta (1.32), Hindalco (1.12), IDFC First Bank (1.09), Shree Cement (1.04) and Shriram Transport Finance Company (1.02).
Among most active underlying, SBIN witnessed an addition of 1,697 units of Open Interest in the February month futures contract, HDFC Bank witnessed an addition of 7,699 units of Open Interest in the February month futures contract, ICICI Bank witnessed an addition of 2,789 units of Open Interest in the February month futures contract, Tata Steel witnessed an addition of 289 units of Open Interest in the February month futures contract and Tata Motors witnessed an addition of 305 units of Open Interest in the February month futures contract (Provisional).
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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