Tuesday, January 16, 2018

Update on Nifty levels, Bank Nifty levels and Derivative Outlook of the day 16th Jan 2018

 Update on Nifty levels, Bank Nifty levels and Derivative Outlook of the day 16th Jan 2018

Nifty 10741 /Sensex 34843/ Bank Nifty 26069

20 Advances / 30 Declines/ 0 Unchanged

Markets settle at record closing high; Nifty surpasses 10,700 mark

Continuing their record hitting spree, Indian equity benchmarks once again traded jubilantly and settled at all time closing levels with frontline gauges surpassing their crucial 34,800 (Sensex) and 10,700 (Nifty) levels for the first time ever. Markets started the session with gap-up start, as traders reacted positively to the IIP numbers, as an exponential rise in the manufacturing output lifted India's total factory production by over 8 percent in November from 1.99 percent in October and 5.1 percent during the corresponding period of 2016-17. On a year-on-year basis, the manufacturing sector expanded by 10.2 percent, whereas mining’s output inched-up by 1.1 percent and the sub-index of electricity generation increased by 3.9 percent. Some support also came with the wholesale price index-based inflation easing to a three-month low of 3.58 per cent in December, down from 3.93 per cent the month before. This decline comes after recent data released by the central statistics office (CSO) had shown that retail inflation had risen to a 17-month high of 5.21 per cent in December up from 4.88 per cent in November. However, India’s annual retail inflation data accelerated in December to a 17-month high of 5.21 percent, mainly driven by faster rises in prices of food and fuel products.

Some support also came with report that foreign investors have pumped in over Rs 5,200 crore in the Indian capital markets this month so far on anticipation of recovery in corporate earnings and attractive yields. Traders also took some encouragement with a foreign brokerage report enlightening that Indian economy is expected to witness an average GDP growth of 7.3% over 2020-22. According to the global financial services major, the structural growth story in India remains strong from a medium term perspective. The report highlighted that the uptick in the private capex cycle, which it anticipates will begin in 2018, will ensure that the economy enters into a sustained and productive growth cycle. Also traders reacted positively to report that the World Economic Forum (WEF) has ranked India at 30th position on a global manufacturing index -- below China’s 5th place but above other BRICS peers, Brazil, Russia and South Africa.

On the global front, Asian markets ended mostly in green, as higher commodity prices and optimism over corporate earnings helping underpin investors’ sentiments. European markets were trading in red in early deals, as the dollar continued its downward spiral against the euro and crisis-hit UK construction firm Carillion said it has filed for compulsory liquidation with immediate effect.

Back home, select Non-Banking Finance companies (NBFC) stocks were buzzing in today's trade on private report that NBFC are expected to report as much as 35% growth in earnings as retail loans by small and medium enterprises continued at a brisk pace even as state-run lenders continued to hold on to their purse strings due to bad loans. Stocks related to logistics space too remained in focus, as GST Network said that from February 1, transporters will not need separate transit passes for moving goods from one state to another as the e-way bill issued to them will be valid throughout India. However, IT pack remained under pressure despite Infosys reported decent Q3FY18 numbers. The company’s consolidated net profit stood at Rs 5,129 crore for the third quarter of fiscal 2017-18, registering 38.3 percent record annual growth from Rs 3,708 crore in the like period a year ago.

FII’s Activity 15th -Jan-18

The FIIs as per Monday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL.

In equity segment, the gross buying was of Rs 5944.46 crore against gross selling of Rs 5973.57 crore. Thus, FIIs stood as net sellers of Rs 29.11 crore in equities.

In the debt segment, the gross purchase was of Rs 547.17 crore with gross sales of Rs 385.95 crore. Thus, FIIs stood as net buyers of Rs 161.22 crore in debt.

In the hybrid segment, there was no buying against gross selling of Rs 1.47 crore. Thus, FIIs stood as net sellers of Rs 1.47 crore in hybrid segment.

Now what to expect ??

Image result for happy tuesday quotes

Nifty Levels 

Image result for nifty

Support at 10650 and Resistance at 10780 

Above 10780 will see rally till 10850---10920 mark else could touch its support level of 10650 again.

 Trade with levels only 

Bank Nifty 

Image result for Bank nifty

Support at 25750 and Resistance at 26080 

Above 26080 will see rally till 26300---26500 mark else could touch its support level of 25750 again

Trade with levels only

Daily Derivative Outlook 16th January 2018

•Nifty (January) futures closed at a premium of 1.75 points versus a premium of 5.1 points

• CAPF (37%), PCJEWELLER (23%), HDFC (21%), IFCI (15%) and KOTAKBANK (14%) were the top gainers in terms of open interest.

• HAVELLS (-8%), SUNTV (-7), DISTHTV (-6%), JISLJALEQS (-6%) and NIITTECH (-5%) were the top losers in terms of open interest.

• Maximum call writing was seen at Nifty 10800 strike and maximum put writing was seen at Nifty 10700 strikes.

• Maximum positions are at 11000 CE and 10500 PE.

• The Nifty Put Call Ratio (PCR) finally stood at 1.48 for January month contract.

• Advance Decline ratio in F&O segment was at 0.59, Advance (80) + Decline (136) + Unchanged (1) = 217

No Fresh call today

Results Today 

TV18 Broadcast Limited

More Will Update Soon!!