The markets zoomed today. Sensex close up 247.72 gains 1.20% and the Nifty close up 78.10 gains 1.27%, after the policy review from being up 0.8 percent beforehand. Bonds and stock markets rallied on Wednesday after the RBI surprised investors by keeping rates on hold despite surging in retail and wholesale price inflation. RBI unexpectedly kept the interest rates on hold despite calling current inflation too high. Central bank cited the prospect of easing retail prices and its concerns about the weak domestic economy.
2. MARKET WRAP
The markets surged today. Sensex close up 371.10 gains 1.79% and the Nifty close up
107.60 gains 1.74%, the rally is largely supported by oil and gas sector. The BSE Oil &
Gas Index rallied 4 percent as Reliance Industries gained 4.6 percent and ONGC rose
3.8 percent. Stocks gain after Accenture Plc. said it expected its consulting business to
turn the corner as orders rise, building on strength in its outsourcing unit, while reporting
better-than-expected quarterly results. TCS gains 1.7%, INFY up 1%, WIPRO rose 3.8%.
F&O TRADE STATISTICS
CATEGORY
INDEX OPTION
STOCKS OPTION
BUY
CONTRACT
558523
57034
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BUY VALUE
[Cr.]
16970.71
1485.11
SELL
CONTRACT
589997
58292
NET VALUE
[Cr.]
17906.50
1522.06
NET BUY/ SELL
[Cr.]
-935.79
-36.95
4. FII ACTIVITY {OPTION}
PRODUCT
NO OF CONTRACTS
TURNOVER IN RS. CR.
PUT CALL RATIO
INDEX FUTURES
578850
17486.54
-
STOCK FUTURES
931543
26897.57
-
INDEX OPTIONS
5448411
168219.88
0.96
STOCK OPTIONS
F&O TOTAL
400586
7359390
11673.29
224277.28
0.52
0.92
INDICES OPTION
INDEX
NIFTY OPTION
BANK NIFTY OPTION
STRIKE
PRICE
6200
11300
P.CLOSE
OPEN
HIGH
LOW
LAST
VOLUME
37.75
75.30
39.05
93.95
114.80
149.00
32.10
63.25
106.05
136.00
34057350
1001025
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CHANGE
%
180.93
80.61
5. NIFTY
OUTLOOK
Trend:- CONSOLIDATE
Resistance:- 6350, 6415
Support:- 6205, 6130
Strategy:- BUY ON DIPS
Technical View:
Our yesterday’s Nifty 6200 call option made high 114.80 our target was 55.00 which is
achieved today. On Monday traders can buy Nifty (6300 Call) option at 40.00 for the target
of 55.00 (Intraday).
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6. BANK NIFTY
OUTLOOK
Trend:- CONSOLIDATE
Resistance:- 11560, 11870
Support:- 11140, 10940
Strategy:- BUY ON DIPS
Technical View:
Our yesterday’s Bank Nifty 11200 call option made high 205.00.00 our target was 135.00
which is achieved today. On Monday traders can buy Bank Nifty (11400 Call) option buy
above 90.00 for the target of 120.00 (Intraday).
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