Nifty ended the Friday’s trade above 17800 mark. India VIX was down by 3.20%. Market made positive start with Finance Minister Nirmala Sitharaman's statement that India has ramped up the import of crude oil from Russia at discounted prices amid sanctions on Moscow as part of the country's inflation management. Further, market extended its gains, as Prime Minister Narendra Modi highlighted the efforts of the Central government for the welfare of the citizens, including the ones toward agriculture and rural households and said that it is the government's priority to support crores of farmers all across the nation at every step. However, in afternoon trade, index trimmed most of its gains, as the Centre for Monitoring Indian Economy said consumer sentiments in India deteriorated in August 2022 and in the first week of September, after having improved substantially in the previous month, with significant dip in urban sentiments. According to CMIE, the Index of Consumer Sentiments (ICS) shrunk by 0.5% in August, after having risen by an impressive 6.7% in July, and further by a 3.1% in the first week of September. But index managed to end session above neutral line.
Most of the sectoral indices ended in green except Media, Realty and Pharma. The top gainers from the F&O segment were Gujarat State Petronet, Astral and LTTS. On the other hand, the top losers were J K Cement, PVR and Rain Industries. In the index option segment, maximum OI continues to be seen in the 17900 -18200 calls and 15900 -16100 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 3.20% and reached 17.72. The 50 share Nifty up by 34.60 points or 0.19% to settle at 17,833.35.
Nifty September 2022 futures closed at 17859.80 (LTP) on Friday, at a premium of 26.45 points over spot closing of 17833.35, while Nifty October 2022 futures ended at 17913.00 (LTP), at a premium of 79.65 points over spot closing. Nifty September futures saw an addition of 1,013 units, taking the total open interest (contracts) to 2,56,218 units. The near month derivatives contract will expire on September 29, 2022 (Provisional).
From the most active contracts, Ambuja Cements September 2022 futures traded at a premium of 1.25 points at 455.20 (LTP) compared with spot closing of 453.95. The numbers of contracts traded were 32,576 (Provisional).
Infosys September 2022 futures traded at a premium of 4.00 points at 1516.00 (LTP) compared with spot closing of 1512.00. The numbers of contracts traded were 29,165 (Provisional).
Adani ports September 2022 futures traded at a premium of 4.40 points at 913.40 (LTP) compared with spot closing of 909.00. The numbers of contracts traded were 24,335 (Provisional).
Reliance Industries September 2022 futures traded at a premium of 11.05 points at 2579.95 (LTP) compared with spot closing of 2568.90. The numbers of contracts traded were 20,639 (Provisional).
TCS September 2022 futures traded at a premium of 13.25 points at 3233.25 (LTP) compared with spot closing of 3220.00. The numbers of contracts traded were 19,493 (Provisional).
Among, Nifty calls, 18000 SP from the September month expiry was the most active call with an addition of 3,905 units open interests. Among Nifty puts, 17500 SP from the September month expiry was the most active put with a contraction of 3,797 units open interests. The maximum OI outstanding for Calls was at 18000 SP (47,744 units) and that for Puts was at 16000 SP (82,040 units). The respective Support and Resistance levels of Nifty are: Resistance 17,840.28 -- Pivot Point 17,766.12 -- Support -- 17,724.58.
The Nifty Put Call Ratio (PCR) finally stood at (1.35) for September month contract. The top five scrips with highest PCR on Adani Enterprises (1.10), Bank of Baroda (1.09), Mahindra & Mahindra Fin. Services (1.06), RBL Bank (1.00) and Ashok Leyland (0.99).
Among most active underlying, Adani Ports witnessed an addition of 838 units of Open Interest in the September month futures, Ambuja Cements witnessed an addition of 247 units of Open Interest in the September month futures, ICICI Bank witnessed an addition of 1,776 units of Open Interest in the September month futures, SBIN witnessed an addition of 2,128 units of Open Interest in the September month futures and HDFC Bank witnessed an addition of 3,020 units of Open Interest in the September month futures (Provisional).
