Nifty ended Tuesday’s session near intraday high point taking cues from their global peers. Mid- and small-cap shares jumped as Nifty Midcap 100 index climbed 0.27 per cent and Nifty Smallcap 100 index surged 0.32 per cent. 11 out of 15 sector gauges -- compiled by the National Stock Exchange -- settled in green. After making positive start, market soon slipped into red zone for little time, as data from the Centre for Monitoring Indian Economy (CMIE) showed unemployment rate in the country touched a four-month high of 7.91 per cent in December 2021. However, market gained traction to trade higher with government data showing that India’s exports surged 37 percent on an annual basis to $37.29 billion in December 2021, the highest-ever monthly figure, on the back of healthy performance by sectors like engineering, textiles and chemicals, even as the trade deficit widened to $21.99 billion. Imports in December too rose by 38 per cent to $59.27 billion on account of an increase in oil imports, which soared 65.17 per cent to $15.9 billion.
Index continued the gaining momentum to touch intraday high point, as after Union Commerce and Industry Minister Piyush Goyal has said that the Omicron will be a short-term disruption for businesses but supply chains and industrial activities will continue at full speed. Finally, Nifty ended the session above 17800 mark.
Most of the sectoral indices ended in green except Metal, Pharma and Realty. The top gainers from the F&O segment were Balrampur Chini Mills, Gujarat Narmada Valley Fertlzrs & Chms and Pidilite Industries. On the other hand, the top losers were Navin Fluorine International, Granules India and Vedanta. In the index option segment, maximum OI continues to be seen in the 17850 -18200 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 2.02% and reached 16.12. The 50 share Nifty up by 179.55 points or 1.02% to settle at 17,805.25.
Nifty January 2022 futures closed at 17855.15 (LTP) on Tuesday, at a premium of 49.90 points over spot closing of 17805.25, while Nifty February 2022 futures ended at 17902.00 (LTP), at a premium of 96.75 points over spot closing. Nifty January futures saw an addition of 7,895 units, taking the total open interest (Contracts) to 2,13,384 units. The near month derivatives contract will expire on January 27, 2022 (Provisional).
From the most active contracts, Reliance Industries January 2022 futures traded at a premium of 6.00 points at 2466.00 (LTP) compared with spot closing of 2460.00. The numbers of contracts traded were 37,963 (Provisional).
TCS January 2022 futures traded at a discount of 2.75 points at 3875.95 (LTP) compared with spot closing of 3878.70. The numbers of contracts traded were 25,916 (Provisional).
HDFC Bank January 2022 futures traded at a premium of 1.95 points at 1530.00 (LTP) compared with spot closing of 1528.05. The numbers of contracts traded were 22,385 (Provisional).
SBIN January 2022 futures traded at a premium of 0.85 points at 484.60 (LTP) compared with spot closing of 483.75. The numbers of contracts traded were 22,333 (Provisional).
ICICI Bank January 2022 futures traded at a premium of 2.60 points at 776.05 (LTP) compared with spot closing of 773.45. The numbers of contracts traded were 21,170 (Provisional).
Among, Nifty calls, 18000 SP from the January month expiry was the most active call with a contraction of 25 units open interests. Among Nifty puts, 17500 SP from the January month expiry was the most active put with an addition of 15,259 units open interests. The maximum OI outstanding for Calls was at 18000 SP (39,725 units) and that for Puts was at 17000 SP (68,653 units). The respective Support and Resistance levels of Nifty are: Resistance 17,890.72 -- Pivot Point 17,742.13 -- Support -- 17,656.67.
The Nifty Put Call Ratio (PCR) finally stood at (1.64) for January month contract. The top five scrips with highest PCR on PVR (1.38), IOC (1.19), Dalmia Bharat (1.02), AU Small Finance Bank (0.96) and Motherson Sumi Systems (0.95).
Among most active underlying, Reliance Industries witnessed a contraction of 996 units of Open Interest in the January month futures contract, ICICI Bank witnessed a contraction of 503 units of Open Interest in the January month futures contract, Tata Motors witnessed an addition of 49 units of Open Interest in the January month futures contract, HDFC Bank witnessed an addition of 1,976 units of Open Interest in the January month futures contract and Vedanta witnessed an addition of 6,820 units of Open Interest in the January month futures contract (Provisional).
