Nifty -- managed to end the Monday’s session in green zone. Market made positive start, as referring to Prime Minister Narendra Modi's target of $400 billion in exports this year, the Confederation of Indian Industry (CII) called it attainable, given the current global situation of post-pandemic economic recovery and rising competitiveness of Indian goods. Market maintained its gains in positive territory, as country’s foreign exchange reserves surged by $9.427 billion to record high of $620.576 billion in the week ended July 30. In the previous week ended July 23, the reserves had declined by $1.581 billion to $611.149 billion. However, in late afternoon session, index entered into negative territory to touch its low point even after foreign portfolio investors (FPI) have made a comeback to India's equities segment and made a net investment of Rs 975 crore in the first week of August. The FPIs have made a comeback after a net outflow of Rs 11,308 crore in July. In last leg of trade, market changed it gear and entered into green to end the session.
Most of the sectoral indices ended in green except Auto, PSU Bank and Metal. The top gainers from the F&O segment were IRCTC, PEL and PVR. On the other hand, the top losers were SAIL, National Aluminium Company and Strides Pharma Science. In the index option segment, maximum OI continues to be seen in the 16400 -16700 calls and 14800 -15500 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 0.01% and reached 12.61. The 50 share Nifty up by 20.05 points or 0.12% to settle at 16,258.25.
Nifty August 2021 futures closed at 16264.00 (LTP) on Monday, at a premium of 5.75 points over spot closing of 16258.25, while Nifty September 2021 futures ended at 16309.70 (LTP), at a premium of 51.45 points over spot closing. Nifty August futures saw an addition of 7,587 units, taking the total open interest (Contracts) to 2,53,922 units. The near month derivatives contract will expire on August 26, 2021 (Provisional).
From the most active contracts, SBIN August 2021 futures traded at a premium of 1.85 points at 435.75 (LTP) compared with spot closing of 433.90. The numbers of contracts traded were 20,589 (Provisional).
Reliance Industries August 2021 futures traded at a premium of 3.60 points at 2082.10 (LTP) compared with spot closing of 2078.50. The numbers of contracts traded were 18,604 (Provisional).
Tata Steel August 2021 futures traded at a premium of 5.50 points at 1414.00 (LTP) compared with spot closing of 1408.50. The numbers of contracts traded were 16,704 (Provisional).
Tata Power August 2021 futures traded at a premium of 0.30 points at 132.45 (LTP) compared with spot closing of 132.15. The numbers of contracts traded were 14,370 (Provisional).
IRCTC August 2021 futures traded at a premium of 4.25 points at 2663.95 (LTP) compared with spot closing of 2659.70. The numbers of contracts traded were 13,469 (Provisional).
Among, Nifty calls, 16300 SP from the August month expiry was the most active call with an addition of 3,518 units open interests. Among Nifty puts, 16200 SP from the August month expiry was the most active put with an contraction of 151units open interests. The maximum OI outstanding for Calls was at 16500 SP (37,425 units) and that for Puts was at 15000 SP (96,542 units). The respective Support and Resistance levels of Nifty are: Resistance 16,326.32 -- Pivot Point 16,252.68 -- Support -- 16,184.62.
The Nifty Put Call Ratio (PCR) finally stood at (1.83) for August month contract. The top five scrips with highest PCR on Kotak Mahindra Bank (0.87), Hero Motocorp (0.84), Tata Chemicals (0.83), HDFC (0.82) and PEL (0.81).
Among most active underlying, Tata Steel witnessed an addition of 905 units of Open Interest in the August month futures contract, Adani Enterprises witnessed an addition of 778 units of Open Interest in the August month futures contract, SBIN witnessed a contraction of 286 units of Open Interest in the August month futures contract, Tata Power witnessed an addition of 1,673 units of Open Interest in the August month futures contract and IRCTC witnessed an addition of 269 units of Open Interest in the August month futures contract (Provisional).