Nifty ended the Monday’s session in positive territory for the second consecutive session amid mixed global cues. All sectoral indices ended in the green with PSU Bank, auto, bank, realty indices up above a percent. Market made optimistic start, as the National Statistical Office (NSO) in its first advance estimate indicated that the Indian economy remains on track to regain its position as the world's fastest-growing major economy and put the GDP expansion at a tempered 9.2 per cent this fiscal. Further, market extended its gains after SBI Ecowrap report said India's real GDP is expected to grow at around 9.5 per cent in 2021-22 on a year-on-year (YoY). Besides, foreign investors have turned net buyers in the first week of January by infusing Rs 3,202 crore in Indian equities, as correction in markets provided them good buying opportunity. Index continued gaining momentum to end the session above 18000 mark as traders took support after quarterly employment survey by the labour ministry released that total employment generated by nine select sectors stood at 3.10 crore in the July-September 2021 quarter, which is 2 lakh more than that of the April-June period. Finally, Nifty ended the session with the gains of above a percent.
All sectoral indices ended in green. The top gainers from the F&O segment were GMR Infrastructure, BHEL and IDFC. On the other hand, the top losers were COFORGE, LTTS and Ipca Laboratories. In the index option segment, maximum OI continues to be seen in the 18300 -18600 calls and 17400 -17700 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility increased by 0.42% and reached 17.68. The 50 share Nifty up by 190.60 points or 1.07% to settle at 18,003.30.
Nifty January 2022 futures closed at 18054.95 (LTP) on Monday, at a premium of 51.65 points over spot closing of 18003.30, while Nifty February 2022 futures ended at 18108.00 (LTP), at a premium of 104.70 points over spot closing. Nifty January futures saw an addition of 10,367 units, taking the total open interest (Contracts) to 2,15,856 units. The near month derivatives contract will expire on January 27, 2022 (Provisional).
From the most active contracts, Infosys January 2022 futures traded at a premium of 2.20 points at 1854.30 (LTP) compared with spot closing of 1852.10. The numbers of contracts traded were 51,943 (Provisional).
TCS January 2022 futures traded at a discount of 5.75 points at 3878.25 (LTP) compared with spot closing of 3884.00. The numbers of contracts traded were 40,021 (Provisional).
Wipro January 2022 futures traded at a discount of 1.05 points at 693.80 (LTP) compared with spot closing of 694.85. The numbers of contracts traded were 27,464 (Provisional).
Reliance Industries January 2022 futures traded at a premium of 10.50 points at 2450.70 (LTP) compared with spot closing of 2440.20. The numbers of contracts traded were 23,110 (Provisional).
HDFC January 2022 futures traded at a premium of 10.60 points at 2670.60 (LTP) compared with spot closing of 2660.00. The numbers of contracts traded were 19,767 (Provisional).
Among, Nifty calls, 18500 SP from the January month expiry was the most active call with an addition of 7,194 units open interests. Among Nifty puts, 18000 SP from the January month expiry was the most active put with an addition of 17,195 units open interests. The maximum OI outstanding for Calls was at 18500 SP (27,696 units) and that for Puts was at 17500 SP (61,864 units). The respective Support and Resistance levels of Nifty are: Resistance 18,054.12 -- Pivot Point 17,966.63 -- Support -- 17,915.82.
The Nifty Put Call Ratio (PCR) finally stood at (1.61) for January month contract. The top five scrips with highest PCR on PVR (1.35), Indigo (1.09), Indian Hotels Company (1.04), Motherson Sumi Systems (0.97) and IOC (0.93).
Among most active underlying, Infosys witnessed an addition of 33,363 units of Open Interest in the January month futures contract, TCS witnessed an addition of 6,169 units of Open Interest in the January month futures contract, Tata Motors witnessed a contraction of 129 units of Open Interest in the January month futures contract, ICICI Bank witnessed a contraction of 3,959 units of Open Interest in the January month futures contract and HDFC witnessed an addition of 6,736 units of Open Interest in the January month futures contract (Provisional).
