NIFTY CLAW OR FLAW - WHAT IS ON NEXT WEEK...
Nifty ended almost flat ahead of FOMC, RBI meet next week
Nifty ended almost flat on Friday after consolidation for the third consecutive session ahead of major triggers next week-FOMC meet and RBI policy. Nifty made a negative start on Friday tracking sluggish global cues. Volatility ruled the roost on street, index took U-turn and entered into green terrain in morning trade as sentiments remained up-beat with the industrial production rebounding to 2.6% in July from a year earlier, much better than the general street expectation of marginal contraction-to-flat numbers and far better than -2.2% figure of the last month.
Index regained in positive zone in early afternoon trade on strong rebound of the rupee against the dollar. Once again index slipped into the red in afternoon trade as rupee weakened against the dollar. Index regained positive zone in late afternoon trade, but again capitulate to selling pressure by the end of the trade. Index ended in red, but held above psychological 5850 levels. FII trading is mostly on buy side.
The India VIX witnessed contraction of 4.77% at 28.29 as compared to its previous close of 29.71 on Thursday. The 50-share CNX Nifty lost 0.10 points to settle at 5,850.60.
Nifty September 2013 futures closed at 5875.90 on Friday at a premium of 25.30 points over spot closing of 5,850.60, while Nifty October 2013 futures ended at 5919.50 at a premium of 68.90 points over spot closing. Nifty September futures saw contraction of 1.61 million (mn) units taking the total outstanding open interest (OI) to 17.31 mn units. The near month September 2013 derivatives contract will expire on September 26, 2013.
PLAY SCENARIO FOR NEXT WEEK IS ON STOCKS ...
The top five scrips with highest PCR on OI were, Mcleodruss 14.96, CESC
5.50, Coal India 1.79, Finan Tech 1.77 and Ind Hotel 1.59.
Rock N Roll
omsairam
Nifty ended almost flat ahead of FOMC, RBI meet next week
Nifty ended almost flat on Friday after consolidation for the third consecutive session ahead of major triggers next week-FOMC meet and RBI policy. Nifty made a negative start on Friday tracking sluggish global cues. Volatility ruled the roost on street, index took U-turn and entered into green terrain in morning trade as sentiments remained up-beat with the industrial production rebounding to 2.6% in July from a year earlier, much better than the general street expectation of marginal contraction-to-flat numbers and far better than -2.2% figure of the last month.
Index regained in positive zone in early afternoon trade on strong rebound of the rupee against the dollar. Once again index slipped into the red in afternoon trade as rupee weakened against the dollar. Index regained positive zone in late afternoon trade, but again capitulate to selling pressure by the end of the trade. Index ended in red, but held above psychological 5850 levels. FII trading is mostly on buy side.
The India VIX witnessed contraction of 4.77% at 28.29 as compared to its previous close of 29.71 on Thursday. The 50-share CNX Nifty lost 0.10 points to settle at 5,850.60.
Nifty September 2013 futures closed at 5875.90 on Friday at a premium of 25.30 points over spot closing of 5,850.60, while Nifty October 2013 futures ended at 5919.50 at a premium of 68.90 points over spot closing. Nifty September futures saw contraction of 1.61 million (mn) units taking the total outstanding open interest (OI) to 17.31 mn units. The near month September 2013 derivatives contract will expire on September 26, 2013.
PLAY SCENARIO FOR NEXT WEEK IS ON STOCKS ...
From the most active contracts, JP Associates
September 2013 futures last traded at a premium of 0.30 points at 39.85
compared with spot closing of 39.55. The number of contracts traded was
12,215.
Reliance Communications September 2013
futures last traded at a premium of 0.70 points at 146.35 compared with
spot closing of 145.65. The number of contracts traded was 12,911.
DLF
September 2013 futures last traded at a premium of 0.75 points at
157.65 compared with spot closing of 156.90. The number of contracts
traded was 15,424.
Tata Steel September 2013
futures last traded at a premium of 3.10 points at 300.65 compared with
spot closing of 297.55. The number of contracts traded was 15,757.
Yes
Bank September 2013 futures were at a premium of 3.30 points at 283.60
compared with spot closing of 280.30. The number of contracts traded was
28,965.
Rock N Roll
omsairam
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