News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty +14 pts (17873) from last trade 17859 ,*  

Nikkei +220 pts , 

Hangseng +165 pts , 

Now @6.54am . 

Dow +239.57 pts ,

Nsdq -25.50 pts, 

S&P +8.06 pts, 

Bovespa +480 pts , 

Ftse +26 pts , 

Dax +93 pts , 

Cac +22 pts , 

Crude @ $87.10 brl (+0.57), 

Brent @ $92.60 brl (+0.40) , 

Gold @ 1789.30 (-0.40), 

Silver @ $20.07 (-0.01), 

Euro @ $1.0168, 

JPY @ $134.38,  

INR @ 79.255

*Today's Corporate Action*

*17th Aug Ex Date*

APLLT

DInterim Dividend - Rs. - 10.0000

BAIDFIN

Final Dividend - Rs. - 0.1000

BBTC

Dividend - Rs. - 1.2000

CONCOR

Interim Dividend - Rs. - 2.0000

EVERESTIND

Final Dividend - Rs. - 6.0000

LGBBROSLTD

Dividend - Rs. - 15.0000

MANAPPURAM

Interim Dividend - Rs. - 0.7500

MARALOVER

Dividend - Rs. - 2.0000

RECLTD

Bonus issue 1:3 

RELAXO

Final Dividend - Rs. - 2.5000

SAICOM

Stock  Split From Rs.10/- to Rs.1/-SHIVAMILLS

Final Dividend - Rs. - 1.2000

STARTECK

Final Dividend - Rs. - 0.2500

YSL

Final Dividend - Rs. - 200.0000

*Today's Key Results/Board Meetings*

*17-Aug-22*

Tata Chemicals: Officials of the company will meet Morgan Stanley Research. 

Ramco Cements: Officials of the company will attend investors' meets in Singapore, organised by B & K Securities. 

Repco Home Finance: Officials of the company will meet analysts and investors. 

Vedant Fashions: Officials of the company will meet analysts. 

Nuvoco Vistas Corporation: Officials of the company will attend Nirmal Bang Institutional Equities -Investor Conference. 

Adani Enterprises: Officials of the company will meet Quant Mutual Fund. 

MCX India: Officials of the company will meet PPFAS Mutual Fund, Birla MF, Baroda BNP MF, Navi MF, Sundaram MF, SBI General Insurance, Abakkus Asset Manager LLP, and Taurus MF. 

Polycab India: Officials of the company will meet Nordea Investment Management and Dolat Capital Market.

*Stock under F&O ban on NSE*

*17-Aug-22*

1BALRAMCHIN 

2DELTACORP 

3TATACHEM

*Fund Flow Activity:*

16 August 2022

*Turnover : (NSE + BSE)*

Cash Volume : 58148.24 + 15569.84 Total : 73718.08

F&O Volume : 8020281.77 222132.45 Total : 8242414.22

*Provisional Cash Rs. In Crs.*

*FII/FPI* (19799.1 - 18422.26) *NET Buy: 1376.84*

*DII* (5260.39 - 5396.63) *NET Sell: -136.24*

*Market Summary:* Indian equity indices closed in green zone amid sector specific buying momentum in market.

 *Indices Closing:* The Sensex ended with the gain of 379.0 points at 59842.2 levels and the Nifty index closed with gain of 127.0 points at 17825.0 levels.

 

*Nifty Gainers: Sectors:* Nifty Auto, Nifty Realty and Nifty FMCG

*Nifty Losers: Sectors:* Nifty PSU Banks, and Nifty Media

*Nifty Gainers: Stocks:* HDFC Life, Adani Ports, Eicher Motors, BPCL and Maruti

 

*Nifty Losers: Stocks:* Grasim, Hindalco, JSW Steel, Bharti Airtel and State Bank

 

*Nifty: Open Interest Activities:* On 18th August expiry of Nifty options, higher OI added in 17800 PUT (+89976 lots), 17700 PUT (+71350 lots) and 18000 CALL (+46954 lots). OI activities in weekly options indicates equal distribution at nearest strikes.

*Nifty Levels:* At upside 17958.0 levels expected to act as major resistance while support seen at 17752.0 levels.

*Pre-Market Derivatives and Technical Set-up*

◆ Nifty index opened gap up by 100 points and then remained consolidated in a range of 75 points throughout the day. It sustained at higher zones with slight ease off from its initial tick but again picked up in the last hour of the session to close with gains of around 130 points. It formed a small bodied Bullish candle on daily scale and gave the highest daily close of the last ninety trading sessions

◆ Now it has to hold above 17777 zones for an up move towards 18000 and 18200 zones whereas support is intact at 17666 and 17550 zones

◆ India VIX was up by 0.43% from 17.60 to 17.69 levels. Volatility was slightly up but overall lower levels is giving comfort to the bulls and needs to sustain at lower levels for market stability

◆ On Option front, Maximum Call OI is at 18000 then 18500 strike while Maximum Put OI is at 17500 then 17600 strike. Call writing is seen at 18500 then 18300 strike while Put writing is seen at 17800 then 17700 strike. Option data suggests an immediate trading range between 17600 to 18000 zones while a broader trading range in between 17400 to 18200 zones

◆ Bank Nifty opened gap up by over 240 points but failed to hold above 39450 zones. It withheld its immediate support zones and turned from 39119 marks. It was comparatively an underperformer today but closed with gains of around 200 points. It formed a small bodied Bearish candle on daily scale but has been forming higher highs from the last five sessions. It gave the highest daily close of the last 132 trading sessions

◆ Now it has to hold above 39000 zones for an up move towards 39500 and 39750 zones whereas supports are placed at 38888 and 38750 zones

◆ Bullish setup in Escorts, Apollo Tyre, ICICIGI, MRF, Adaniports, Eicher Motor, Adanient, Maruti, MGL, Bata India, Tatamotors, TVS Motor, Indigo, Ambujacem, Siemens, Can Fin Homes, Asian Paint, Hindunilvr, SBI Life, Lichsgfin, Tata Power and ACC 

◆ Bearish setup in Metropolis, PVR, ZEEL, OFSS and Mphasis

*Technical & Derivatives Research, Motilal Oswal*

*Derivatives update for podcast*

Good morning !! Greetings from Motilal Oswal. Derivatives update for Wednesday, 17th August 2022.

India VIX was up by 0.43% from 17.60 to 17.69 levels. Volatility was slightly up but overall lower levels is giving comfort to the bulls and needs to sustain at lower levels for market stability.

Nifty *Put/Call Ratio* (OI) increased from 1.24 to 1.26 level.

On Option front, Maximum Call OI is at 18000 then 18500 strike while Maximum Put OI is at 17500 then 17600 strike. Call writing is seen at 18500 then 18300 strike while Put writing is seen at 17800 then 17700 strike.

*Option data suggests an immediate trading range between 17600 to 18000 zones while a broader trading range in between 17400 to 18200 zones.*

For weekly Bank Nifty, Maximum Put OI is at 39000 then 38000 strike and maximum Call OI is placed at 40000 then 39500 strike. We have seen Call writing in 39400 with unwinding at 39000 while Put writing is witnessed at 39200 strike.   

Bank Nifty Put Call Ratio decreased from 1.23 to 1.08. Implied volatility rose from 16 to 18.9 levels.

Bank Nifty (CMP 39,239.65)

Data setup for Bank Nifty suggests a trading range in between *38750/38888 to 39500/39750 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, call selling & put buying in index options and long built up in stock futures.

In the cash market, FIIs were net buyers to the tune of 1377 crores while DII’s were net sellers worth 136 crores. FIIs Index Long Short Ratio increased to 58.83%.

Derivatives data and price set up suggests, Nifty has to hold above 17777 zones for an up move towards 18000 and 18200 zones whereas support is intact at 17666 and 17550 zones.

Bank Nifty has to hold above 39000 zones for an up move towards 39500 and 39750 zones whereas supports are placed at 38888 and 38750 zones.

Thank you. Have a great trading day ahead..!!

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