Nifty ends flat on Friday
Nifty January 2022 futures closed at 18282.65 (LTP) on Friday, at a premium of 26.90 points over spot closing of 18255.75
NSE gauge -- Nifty50 -- ended the session in red zone on Friday and halted five-day winning run amid weak global cues. Mid- and small-cap shares finished on a mixed note as Nifty Midcap 100 index slightly declined 0.02 per cent and Nifty Smallcap 100 index gained 0.75 per cent. 12 out of the 15 sector gauges -- compiled by the NSE -- settled in red. Market made negative start with United Nations’ report that India is forecast to grow at 6.5 per cent in fiscal year 2022, a decline from the 8.4 per cent GDP estimate in previous financial year, and while the country's economic recovery is on a solid path amid rapid vaccination progress, coal shortages and high oil prices could put the brakes on economic activity in the near term.
Further, market extended its losses with Niti Aayog Vice-Chairman Rajiv Kumar’s statement the country needs much more 'equitable' growth as inequality could lead to tensions in society. He further said the country's democracy will not permit the kind of K-shaped growth it has seen in the past, where different sections of the population have been growing at different paces. In late afternoon session, market trimmed most of its losses but continued to trade below neutral line even after India’s inflation based on wholesale price index (WPI) eased to 13.56% in the month of December as against 14.23% in November.
Most of the sectoral indices ended in red except IT, Realty and Consumer Durables. The top gainers from the F&O segment were Bharat Electronics, RBL Bank and Granules India. On the other hand, the top losers were AU Small Finance Bank, MindTree and Motherson Sumi Systems. In the index option segment, maximum OI continues to be seen in the 18300 -18600 calls and 17400 -17700 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 0.89% and reached 16.56. The 50 share Nifty down by 2.05 points or 0.011% to settle at 18,255.75.
Nifty January 2022 futures closed at 18282.65 (LTP) on Friday, at a premium of 26.90 points over spot closing of 18255.75, while Nifty February 2022 futures ended at 18321.60 (LTP), at a premium of 65.85 points over spot closing. Nifty January futures saw a contraction of 1,225 units, taking the total open interest (Contracts) to 2,04,358 units. The near month derivatives contract will expire on January 27, 2022 (Provisional).
From the most active contracts, Infosys January 2022 futures traded at a premium of 2.95 points at 1927.95 (LTP) compared with spot closing of 1925.00. The numbers of contracts traded were 37,769 (Provisional).
TCS January 2022 futures traded at a premium of 0.65 points at 3966.00 (LTP) compared with spot closing of 3965.35. The numbers of contracts traded were 35,156 (Provisional).
Reliance Industries January 2022 futures traded at a premium of 9.00 points at 2546.00 (LTP) compared with spot closing of 2537.00. The numbers of contracts traded were 32,785 (Provisional).
HCL Tech January 2022 futures traded at a discount of 3.00 points at 1327.00 (LTP) compared with spot closing of 1330.00. The numbers of contracts traded were 26,450 (Provisional).
HDFC Bank January 2022 futures traded at a premium of 2.70 points at 1546.50 (LTP) compared with spot closing of 1543.80. The numbers of contracts traded were 25,547 (Provisional).
Among, Nifty calls, 18300 SP from the January month expiry was the most active call with an addition of 3,824 units open interests. Among Nifty puts, 18200 SP from the January month expiry was the most active put with an addition of 12,308 units open interests. The maximum OI outstanding for Calls was at 18500 SP (39,308 units) and that for Puts was at 17500 SP (61,987 units). The respective Support and Resistance levels of Nifty are: Resistance 18,321.92 -- Pivot Point 18,220.78 -- Support -- 18,154.62.
The Nifty Put Call Ratio (PCR) finally stood at (1.60) for January month contract. The top five scrips with highest PCR on PVR (1.35), Indigo (1.18), Indian Hotels Company (1.11), AU Small Finance Bank (0.96) and Escorts (0.86).
Among most active underlying, HCL Tech witnessed an addition of 2,262 units of Open Interest in the January month futures contract, Infosys witnessed a contraction of 256 units of Open Interest in the January month futures contract, HDFC Bank witnessed a contraction of 293 units of Open Interest in the January month futures contract, Reliance Industries witnessed an addition of 1,116 units of Open Interest in the January month futures contract and TCS witnessed a contraction of 2,779 units of Open Interest in the January month futures contract (Provisional).