Nifty ended higher for second straight day. All sectoral indices ended in the positive territory. Mid- and small-cap shares ended on a positive note as Nifty Midcap 100 index was up 1.18 per cent and Nifty Smallcap 100 index rose 1.55 per cent. Market made positive start, as India’s exports in the first three weeks of December rose 36.20% on-year at $23.82 billion. Outbound shipments were 27.7% higher than the same period of 2019-20. Export excluding petroleum, oil and lubricants increased 28.08% over the corresponding period last year.
In last leg of trade index lost its momentum and pared some of its gains as trader were worried with Delhi chief minister Arvind Kejriwal’s statement that yellow alert has been sounded in Delhi and some restrictions imposed under the Graded Response Action Plan (GRAP) in view of rising number of Covid cases in the city. However, market bounced back as traders took support with private report stated that the Indian economy is likely to maintain a real GDP growth of 9 percent each in FY2022 and FY2023 amid uncertainty triggered by the Omicron variant of corona virus. Finally, Nifty finished the session above 17200 mark.
All the sectoral indices ended in green. The top gainers from the F&O segment were Strides Pharma Science, Astral and Deepak Nitrite. On the other hand, the top losers were AU Small Finance Bank, Firstsource Solutions and PVR. In the index option segment, maximum OI continues to be seen in the 17900 -18150 calls and 16900 -17050 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 3.75% and reached 16.48. The 50 share Nifty up by 147.00 points or 0.86% to settle at 17,233.25.
Nifty December 2021 futures closed at 17257.00 (LTP) on Tuesday, at a premium of 23.75 points over spot closing of 17233.25, while Nifty January 2022 futures ended at 17300.00 (LTP), at a premium of 66.75 points over spot closing. Nifty December futures saw an addition of 1,543 units, taking the total outstanding open interest (OI) to 1,70,444 units. The near month derivatives contract will expire on December 30, 2021 (Provisional).
From the most active contracts, Reliance Industries December 2021 futures traded at a premium of 1.00 points at 2405.00 (LTP) compared with spot closing of 2404.00. The numbers of contracts traded were 48,947 (Provisional).
Infosys December 2021 futures traded at a premium of 3.50 points at 1888.70 (LTP) compared with spot closing of 1885.20. The numbers of contracts traded were 32,700 (Provisional).
Tata Steel December 2021 futures traded at a premium of 0.45 points at 1127.45 (LTP) compared with spot closing of 1127.00. The numbers of contracts traded were 31,148 (Provisional).
TCS December 2021 futures traded at a premium of 2.50 points at 3709.45 (LTP) compared with spot closing of 3706.95. The numbers of contracts traded were 27,715 (Provisional).
ICICI Bank December 2021 futures traded at a premium of 1.25 points at 737.75 (LTP) compared with spot closing of 736.50. The numbers of contracts traded were 22,050 (Provisional).
Among, Nifty calls, 17400 SP from the December month expiry was the most active call with an addition of 10,794 units open interests. Among Nifty puts, 17200 SP from the December month expiry was the most active put with an addition of 73,590 units open interests. The maximum OI outstanding for Calls was at 18000 SP (1,39,427 units) and that for Puts was at 17000 SP (1,99,433 units). The respective Support and Resistance levels of Nifty are: Resistance 17,268.62 -- Pivot Point 17,214.88 -- Support -- 17,179.52.
The Nifty Put Call Ratio (PCR) finally stood at (1.25) for December month contract. The top five scrips with highest PCR on Asian Paints (1.31), Escorts (1.15), Wipro (1.03), Infosys (1.01) and Tech Mahindra (0.96).
Among most active underlying, Reliance Industries witnessed an addition of 15,422 units of Open Interest in the December month futures contract, ICICI Bank witnessed an addition of 1,326 units of Open Interest in the December month futures contract, Bharti Airtel witnessed a contraction of 1,297 units of Open Interest in the December month futures contract, Infosys witnessed an addition of 4,650 units of Open Interest in the December month futures contract and HDFC Bank witnessed a contraction of 3,736 units of Open Interest in the December month futures contract (Provisional).
