ETMarkets Evening Podcast: What changed your financial fortunes all through the day
Hi there! Good Evening. This is Kshitij Anand from ETMarkets.com taking you through the facts and figures from 's session on Dalal Street and bringing you cues and trading tips from market veterans for next week.
The Nifty50 index got off to a flying start but profit taking at higher levels took the index towards 8,820 level from an intraday high of 8,896.45, a cut of almost 80 points.
The S&P BSE Sensex recorded 5-month high and closed 167 points higher at 28,468. The Nifty50 closed above its crucial resistance level of 8,820, at 8,821, but ended up making a bearish candle as the closing level was below the opening level.
The next week will be crucial for markets and the index will remain volatile ahead of February month’s expiry. Indian market will remain close on Friday, 24 February, on account of Mahashivratri.
The bounce in the index was largely led by positive global cues and big rally in HDFC Bank after the Reserve Bank of India (RBI) lifted restrictions on FII buying as the foreign ownership in the lender has fallen below 72 per cent.
But, the rally soon fizzled out after the private sector bank crossed overall limit of 74 per cent of its paid-up capital. HDFC Bank closed 3.7 per cent higher at Rs 1,377.05. It hit an all-time high of Rs 1,454 on the NSE earlier in the session.
The S&P BSE Smallcap index ended 0.4 per cent higher while the S&P BSE Midcap index rose 0.53 per cent on Friday.
In the sectoral landscape healthcare, oil & gas, banks, consumer durable stocks saw some gain while IT, metals, auto stocks saw some profit booking decline.
So, what moved the market today? We have A.K.Prabhakar, Head of Research at IDBI Capital, giving us a lowdown.
Byte 1 AK Prabhakar
On the options front, maximum Put OI was seen at strike prices 8,500 followed by 8,700 while maximum Call OI was seen at strike prices 9,000 followed by 8,800.
Fresh Put writing was seen at strike prices 8,800, 8,850 and 8,900 which will act as crucial support for markets while intact Call writing at strike price 8,950 and 9,000 would restrict its upside move.
To give us a perspective on what the F&O market is signalling on where the market stands, we have with us Ram Chotwani, AVP at GEPL Capital. Over to you, Mr. Chotwani.
Byte 2 Ram Chotwani
On the technical front, Nifty index failed to hold its opening gains and witnessed a profit booking decline from higher levels and formed a bearish candle on the daily chart as closing was lower than the opening levels.
It has to hold above 8,820 zones to extend its up move towards 8,888 and then towards 8,968 level while on the downside supports are seen at 8,750 and 8,720 level.
So does this technical setup signal a cautious undertone in the market? We have Sumeet Bagadia, Associate Director in Choice Equity Broking Private Ltd, giving us his perspective.
Byte 3 Sumeet Bagadia
That's all, for now, folks. Do come back for our pre-market podcast Monday morning. Have a great weekend ahead!
The Nifty50 index got off to a flying start but profit taking at higher levels took the index towards 8,820 level from an intraday high of 8,896.45, a cut of almost 80 points.
The S&P BSE Sensex recorded 5-month high and closed 167 points higher at 28,468. The Nifty50 closed above its crucial resistance level of 8,820, at 8,821, but ended up making a bearish candle as the closing level was below the opening level.
The next week will be crucial for markets and the index will remain volatile ahead of February month’s expiry. Indian market will remain close on Friday, 24 February, on account of Mahashivratri.
The bounce in the index was largely led by positive global cues and big rally in HDFC Bank after the Reserve Bank of India (RBI) lifted restrictions on FII buying as the foreign ownership in the lender has fallen below 72 per cent.
But, the rally soon fizzled out after the private sector bank crossed overall limit of 74 per cent of its paid-up capital. HDFC Bank closed 3.7 per cent higher at Rs 1,377.05. It hit an all-time high of Rs 1,454 on the NSE earlier in the session.
The S&P BSE Smallcap index ended 0.4 per cent higher while the S&P BSE Midcap index rose 0.53 per cent on Friday.
In the sectoral landscape healthcare, oil & gas, banks, consumer durable stocks saw some gain while IT, metals, auto stocks saw some profit booking decline.
So, what moved the market today? We have A.K.Prabhakar, Head of Research at IDBI Capital, giving us a lowdown.
Byte 1 AK Prabhakar
On the options front, maximum Put OI was seen at strike prices 8,500 followed by 8,700 while maximum Call OI was seen at strike prices 9,000 followed by 8,800.
Fresh Put writing was seen at strike prices 8,800, 8,850 and 8,900 which will act as crucial support for markets while intact Call writing at strike price 8,950 and 9,000 would restrict its upside move.
To give us a perspective on what the F&O market is signalling on where the market stands, we have with us Ram Chotwani, AVP at GEPL Capital. Over to you, Mr. Chotwani.
Byte 2 Ram Chotwani
On the technical front, Nifty index failed to hold its opening gains and witnessed a profit booking decline from higher levels and formed a bearish candle on the daily chart as closing was lower than the opening levels.
It has to hold above 8,820 zones to extend its up move towards 8,888 and then towards 8,968 level while on the downside supports are seen at 8,750 and 8,720 level.
So does this technical setup signal a cautious undertone in the market? We have Sumeet Bagadia, Associate Director in Choice Equity Broking Private Ltd, giving us his perspective.
Byte 3 Sumeet Bagadia
That's all, for now, folks. Do come back for our pre-market podcast Monday morning. Have a great weekend ahead!
