S&P CNX -- Nifty -- managed to end the session in green zone on Tuesday. Market made gap-up opening, as the survey conducted by Ficci showed that with states easing lockdown curbs due to declining number of COVID-19 cases, there are immediate indications of improvement in economic activity as companies are hopeful of better performance in the next 6 to 12 months. Besides, the pace of vaccination also picked up, boosting expectations of a faster economic recovery. On Monday, India administered a record 8.1 million doses as the central government-led free for all vaccination drive kicked off. Further, market continued its healthy trade, as the RBI data showed that bank credit grew by 5.74 per cent to Rs 108.43 lakh crore and deposits rose by 9.73 per cent to Rs 153.13 lakh crore in the fortnight ended June 4, 2021. Traders took note of report that PHDCCI President Sanjay Aggarwal has said that calibrated measures are needed to support the country's economic recovery and to diminish the daunting impact caused by the second wave of the COVID-19 pandemic on trade and industry. However, in the last leg of the trade index trimmed most of its gain as traders were worried with report stating that Indian companies' market capitalization has grown at the fastest pace last year among major economies despite contraction in GDP, flagging the risks to financial stability it poses.
Traders were seen piling positions in Auto, IT and Media sector while selling was witnessed in FMGC, Private Bank and Realty sector stocks. The top gainers from the F&O segment were GMR Infra, Maruti Suzuki and PEL. On the other hand, the top losers were Berger Paints, Info Edge and Aarti Industries. In the index option segment, maximum OI continues to be seen in the 15600 -17000 calls and 14500 -15,800 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 2.14% and reached 14.74. The 50 share Nifty up by 26.25 points or 0.17% to settle at 15,772.75.
Nifty June 2021 futures closed at 15757.00 (LTP) on Tuesday, at a discount of 15.75 points over spot closing of 15772.75, while Nifty July 2021 futures ended at 15800.05 (LTP), at a premium of 27.30 points over spot closing. Nifty June futures saw an addition of 5,822 units, taking the total outstanding open interest (OI) to 1,12,282 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 3.00 points at 2228.00 (LTP) compared with spot closing of 2225.00. The numbers of contracts traded were 60,758 (Provisional).
SBIN June 2021 futures traded at a discount of 0.95 points at 417.30 (LTP) compared with spot closing of 418.25. The numbers of contracts traded were 29,815 (Provisional).
ICICI Bank June 2021 futures traded at a premium of 0.80 points at 631.20 (LTP) compared with spot closing of 630.40. The numbers of contracts traded were 29,682 (Provisional).
Tata Steel June 2021 futures traded at a premium of 0.80 points at 1110.55 (LTP) compared with spot closing of 1109.75. The numbers of contracts traded were 27,001 (Provisional).
Adani Ports June 2021 futures traded at a discount of 3.80 points at 738.10 (LTP) compared with spot closing of 741.90. The numbers of contracts traded were 24,700 (Provisional).
Among, Nifty calls, 15900 SP from the June month expiry was the most active call with an addition of 27,501 units open interests. Among Nifty puts, 15700 SP from the June month expiry was the most active put with an addition of 1,042 units open interests. The maximum OI outstanding for Calls was at 16000 SP (91,087 units) and that for Puts was at 15500 SP (56,469 units). The respective Support and Resistance levels of Nifty are: Resistance 15,847.87 -- Pivot Point 15,799.98 -- Support -- 15,704.22.
The Nifty Put Call Ratio (PCR) finally stood at (0.93) for June month contract. The top five scrips with highest PCR on Titan Company (1.14), Bandhan Bank (1.02), HDFC Life Insurance (0.99), PEL (0.96) and Hindustan Unilever (0.90).
Among most active underlying, Reliance Industries witnessed an addition of 7,500 units of Open Interest in the June month futures contract, ICICI Bank witnessed an addition of 5,279 units of Open Interest in the June month futures contract, Tata Steel witnessed a contraction of 5,107 units of Open Interest in the June month futures contract, Adani Ports witnessed a contraction of 527 units of Open Interest in the June month futures contract and Adani Enterprises witnessed a contraction of 154 units of Open Interest in the June month futures contract (Provisional).
