S&P CNX -- Nifty -- ended the session with the gains of above half a percent on Friday. Market made positive start amid a private report that the government is hopeful of a speedy launch of single-dose COVID-19 vaccine Sputnik Light in India and all stakeholders, including the Russian manufacturer and its Indian partners, have been directed to fast-track the application and regulatory approval procedures for the jab to boost the country's vaccination drive. Besides, India recorded 179,770 fresh Covid-19 cases in the last 24 hours, the lowest daily count in 44 days, as infections continued to decrease in the country. Market maintained its gains till the end of the session as Reserve Bank states that it will ensure that system-level liquidity remains comfortable during 2021-22 in alignment with the stance of monetary policy, and monetary transmission continues unimpeded while maintaining financial stability. Traders also took some support after India’s High Commissioner to Singapore P Kumaran has said Notwithstanding the COVID-19 pandemic, trade between India and Singapore is likely to touch $21 billion in financial year 2020-21. Kumaran further said that it is very encouraging despite the pandemic. Good performances by both sides under extremely stressful circumstances. Finally, Nifty ended the day’s trade above 15400 mark.
Most of the sectoral indices ended in green except IT, Media and Pharma. The top gainers from the F&O segment were Reliance Industries, L&TFH and Canara Bank. On the other hand, the top losers were Mahanagar Gas, Sun Pharmaceutical and TVS Motor. In the index option segment, maximum OI continues to be seen in the 15600 -16500 calls and 13500 -15,300 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 12.78% and reached 17.37. The 50 share Nifty up by 97.80 points or 0.64% to settle at 15,435.65.
Nifty June 2021 futures closed at 15478.00 (LTP) on Friday, at a premium of 42.35 points over spot closing of 15435.65, while Nifty July 2021 futures ended at 15529.25 (LTP), at a premium of 93.60 points over spot closing. Nifty June futures saw an addition of 8,417 units, taking the total open interest (Contracts) to 1,40,004 units. The near month derivatives contract will expire on June 24, 2021 (Provisional).
From the most active contracts, Reliance Industries June 2021 futures traded at a premium of 14.25 points at 2108.70 (LTP) compared with spot closing of 2094.45. The numbers of contracts traded were 1,32,166 (Provisional).
SBIN June 2021 futures traded at a discount of 1.45 points at 420.55 (LTP) compared with spot closing of 422.00. The numbers of contracts traded were 38,842 (Provisional).
Sun Pharmaceutical June 2021 futures traded at a premium of 1.80 points at 674.45 (LTP) compared with spot closing of 672.65. The numbers of contracts traded were 27,316 (Provisional).
M&M June 2021 futures traded at a premium of 4.95 points at 851.95 (LTP) compared with spot closing of 847.00. The numbers of contracts traded were 26,455 (Provisional).
Tata Steel June 2021 futures traded at a discount of 20.75 points at 1083.25 (LTP) compared with spot closing of 1104.00. The numbers of contracts traded were 26,320 (Provisional).
Among, Nifty calls, 16000 SP from the June month expiry was the most active call with an addition of 7,403 units open interests. Among Nifty puts, 15000 SP from the June month expiry was the most active put with an addition of 5,623 units open interests. The maximum OI outstanding for Calls was at 16000 SP (33,198 units) and that for Puts was at 14000 SP (37,254 units). The respective Support and Resistance levels of Nifty are: Resistance 15,471.95 -- Pivot Point 15,433.35 -- Support -- 15,397.05.
The Nifty Put Call Ratio (PCR) finally stood at (1.52) for June month contract. The top five scrips with highest PCR on P I Industries (1.33), Aarti Industries (1.16), UBL (1.03), Indus Towers (1.03) and Gujarat Gas (0.99)
Among most active underlying, Reliance Industries witnessed an addition of 14,840 units of Open Interest in the June month futures contract, Sun Pharmaceutical witnessed an addition of 6,465 units of Open Interest in the June month futures contract, SBIN witnessed an addition of 4,769 units of Open Interest in the June month futures contract, Tata Steel witnessed an addition of 898 units of Open Interest in the June month futures contract and Adani ports witnessed an addition of 752 units of Open Interest in the June month futures contract (Provisional).
