Bulls made spectacular comeback on Friday and Nifty ended wonderful day of trade with gains of over one and half a percent. Market made positive start after Ministry of External Affairs said India is engaged with American entities for procurement of COVID-19 vaccines from the US and their possible manufacturing in the country subsequently. Besides, the new infection count remained below the 300,000-mark for the fifth consecutive day in India as it witnessed a spike of 259,269 fresh coronavirus cases. Index continued the gaining monument, as International Monetary Fund (IMF) has said that it stands ready to strengthen its dialogue and scale-up its technical collaboration with India, observing that the human tragedy is a stark reminder that Covid -19 pandemic continues to be a grave threat globally. In the last leg of trade, market touch its intraday highpoint, as a rapid response to support startup-driven solutions for tackling the current challenging, second wave of COVID 2.0 in the country, Indian startups and companies have been invited to apply for developing new technologies and innovative products that can enable country to fight the crisis. Finally, Nifty finished the session above 15150 mark.
All the sectoral indices ended in green. The top gainers from the F&O segment were Bank of Baroda, SBIN and Torrent Power. On the other hand, the top losers were Balkrishna Industries, BOSCH and Havells. In the index option segment, maximum OI continues to be seen in the 14250- 15200 calls and 13,600- 14,600 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 2.91% and reached 19.08. The 50 share Nifty up by 269.25 points or 1.81% to settle at 15,175.30.
Nifty May 2021 futures closed at 15222.00 (LTP) on Friday, at a premium of 46.70 points over spot closing of 15175.30, while Nifty June 2021 futures ended at 15245.95 (LTP), at a premium of 70.65 points over spot closing. Nifty May futures saw a contraction of 2,473 units, taking the total open interest (Contracts) to 1,36,638 units. The near month derivatives contract will expire on May 27, 2021 (Provisional).
From the most active contracts, SBIN May 2021 futures traded at a premium of 1.80 points at 405.80 (LTP) compared with spot closing of 404.00. The numbers of contracts traded were 1,78,512 (Provisional).
Reliance Industries May 2021 futures traded at a premium of 4.90 points at 2004.50 (LTP) compared with spot closing of 1999.60. The numbers of contracts traded were 31,730 (Provisional).
ICICI Bank May 2021 futures traded at a premium of 2.60 points at 645.40 (LTP) compared with spot closing of 642.80. The numbers of contracts traded were 27,475 (Provisional).
HDFC Bank May 2021 futures traded at a premium of 1.00 points at 1502.30 (LTP) compared with spot closing of 1501.30. The numbers of contracts traded were 23,720 (Provisional).
Axis Bank May 2021 futures traded at a premium of 2.65 points at 734.80 (LTP) compared with spot closing of 732.15. The numbers of contracts traded were 23,614 (Provisional).
Among, Nifty calls, 15300 SP from the May month expiry was the most active call with an addition of 4,791 units open interests. Among Nifty puts, 15100 SP from the May month expiry was the most active put with an addition of 24,632 units open interests. The maximum OI outstanding for Calls was at 15500 SP (58,539 units) and that for Puts was at 15000 SP (62,116 units). The respective Support and Resistance levels of Nifty are: Resistance 15,248.25 -- Pivot Point 15,117.05 -- Support -- 15,044.10.
The Nifty Put Call Ratio (PCR) finally stood at (1.26) for May month contract. The top five scrips with highest PCR on Mphasis (2.44), Indusind Bank (1.04), Asian Paints (0.97), Shriram Transport Finance Company (0.93) and Titan Company (0.92)
Among most active underlying, SBIN witnessed an addition of 14,366 units of Open Interest in the May month futures contract, ICICI Bank witnessed an addition of 4,189 units of Open Interest in the May month futures contract, Tata Steel witnessed an addition of 34 units of Open Interest in the May month futures contract, Axis Bank witnessed an addition of 2,097 units of Open Interest in the May month futures contract and HDFC Bank witnessed an addition of 1,846 units of Open Interest in the May month futures contract (Provisional).
