Market Outlook Report- 05th Jan 2021 - Webflow
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Market Outlook Report- 05th Jan 2021
Compiled by:
CapitalVia Global Research Limited- Investment Advisor
903, B-1, 9th Floor, NRK Business Park, Scheme No. 54, P.U.-4,Vijay Nagar Square,
Indore-452010 (M.P.)
Head of Research - Gaurav Garg
For feedback or queries, mail us at pr@capitalvia.com
Ph no.: (+91) 88273 92806
Indian Markets
Index Last High Low Change Change%
Nifty 14132.90 14147.95 13953.75 114.40 0.82%
Sensex 48176.80 48220.47 47594.47 307.82 0.64%
Banknifty 31212.45 30893.65 31489.65 -13.40 -0.04%
Nifty FUT 14173.35 14179.45 13970.05 119.50 0.84%
Nifty opened with a gap up on 4th January with a gap up and took a correction to
Overview
fill the gap till 13953 before bouncing back and crossing 14100 and closing above it.
The level of 13950 is acting as a support and 14150 seems to be resistance. With a
breakout in Bank Nifty, Nifty may cross 14200. Investors may initiate long positions at
dips in the range of 13950- 14000.
Global Markets
Index Last High Low Change Change%
➢ Britain began vaccinating its population with the COVID-19 shot
Dow 30 30,606.48 30,637.47 30,344.50 +0.65% +196.92 developed by Oxford University and AstraZeneca AZN.L on
Monday, touting a scientific "triumph" that puts it at the
Nasdaq 12,888.28 12,902.07 12,821.23 +0.14% +18.28
vanguard of the West in inoculating against the virus.
DAX 13,808.15 13,922.20 13,768.70 +0.66% +90.37
FTSE 100 6,608.35 6,609.55 6,556.55 +2.32% +149.07 ➢ European shares rallied in the first trading session of the year as
a landmark Brexit trade deal and coronavirus vaccine drives
across the continent bolstered expectations of a strong
Index S1 Pivot Points R1
economic rebound.
Dow 30 30534.56 30584.07 30677.34
➢ Asian share markets hit pause on Monday as reports of a
Nasdaq 12885.31 12908.10 12922.34
possible tightening in coronavirus emergency rules for Tokyo
DAX 13837.80 13847.30 13860.30 pulled Japanese stocks off 30-year highs, while also lifting the
safe-haven yen.
FTSE 100 6634.85 6653.95 6668.55Currency Outlook
➢ The Indian Rupee appreciated against the U.S. currency tracking
upbeat Asian peers on the back of a broad decline in the dollar
index. The Rupee ended at 73.02 compared with 73.12 in the
previous session. Earlier in the session, it appreciated to a four-
month high of 72.91, but pared gains on the back of dollar
purchases.
➢ Technically, the USDINR Spot pair has bounced back from 72.81
levels where it took a support of lower band of Falling Channel
formation indicating a bounce back up to 73.12-73.25 levels.
Support holds at 72.90-72.75 levels.
➢ In our anticipation, USDINR future is likely have negative opening
around 73.10 levels in next trading session and if it breaks below
72.80 then we may expect some more bearish movement
towards 72.65 levels. The trading range for pair is likely to be in
Chart : Zerodha.com between 72.80 – 73.20 in upcoming session.Derivative Outlook
⮚ Market indices closed on a positive note for the ninth consecutive trading session posting fresh
high as on Monday, 4th January. Nifty settled near 14,150 level and closed with a gain of around 0.82
percent. On the sectoral front, except bank, which closed with a marginal cost, other indices ends in
green led by metal which gained more than five percent.
⮚ In the coming trading session on Tuesday, 5th January market is expected to continue its rally with
small corrections. Nifty is expected to continue its rally with resistance zone of 14,250 to 14,300. On
the lower side, 13900 would be the major support level for the index below which downswing could
be seen.
⮚ Highest Daily Nifty Call OI-14,000
⮚ Highest Daily Nifty Put OI-14,000
Long built-up:
Scrip Name Closing price Change in price Change in OI
PNB 35.90 2.57% 29.78%
SAIL 79.50 6.14% 14.10%
IDFCFIRSTB 38.55 3.07% 10.71%Short built-up:
Scrip Name Closing price Change in price Change in OI
NTPC 99.45 -0.15% 11.56%
ZEEL 220.40 -2.48% 13.51%
ITC 214.70 -0.14% 2.80%
Short covering:
Scrip Name Closing price Change in price Change in OI
IDEA 11.90 5.31% -4.19%
TATAPOWER 79.65 2.38% -2.76%
APOLLOTYRE 188.75 4.31% -5.97%
Long Unwinding:
Scrip Name Closing price Change in price Change in OI
IBULHSGFIN 221.60 -0.67% -3.74%
JUBLFOOD 2766.45 -1.25% -0.60%Nifty Option Chain
Analysis :
⮚ Nifty continue to trade positive and closed around 0.82
percent up as on Monday, 4th January. The options data
indicates immediate trading range of the Nifty is likely to be
13,900 - 14,200. Maximum Put open interest was at 14,000
followed by 13,600 strike, while maximum Call open interest
was at 14,000 followed by 13,900 strike. Call writing was seen
at 14,200 and 14,300 strikes while Put writing was seen at
14,000 and 13,900 strikes. IndiaVIX gained 2.40 percent and
close at 20.03.
Source: www.bloombergquint.comNifty Option Chain
Analysis :
➢ As per monthly option data , Nifty should trade in the range of
9000-10000 . Maximum Put writing can be seen at 9000 and
Maximum call writing can be seen at 10000
➢ Nifty closed with gains on Wednesday,6th May. We expect Nifty to
be range bound , Volatility is most likely to increase in the coming
trading session. Indecisiveness can be seen in the market as
trading range of Nifty is getting smaller. As per weekly option data,
nearest support can be seen at 9200 and on the higher side,
resistance can be seen at 9400.
Source: www.bloombergquint.comGlobal Markets
Index Last High Low Change Change%
Dow 30 23783.44 24054.59 23782.28 -99.65 -0.42% ➢ U.S. stocks opened higher on hopes of a pickup in business activity
with states easing Coronavirus-induced curbs, while investors
Nasdaq 8825.55 8913.85 8819.37 17.76 0.20%
looked past a stunning 20 million plunge in U.S. private payrolls last
DAX 10615.73 10771.68 10604.90 -111.74 -1.08% month.
FTSE 100 5850.80 5898.33 5838.70 0.88 0.02%
➢ European stock markets traded slightly lower on Wednesday amid
weak economic data, while better than expected earnings helped
the U.K. to outperform.
Index S1 Pivot Points R1
➢ German factory orders slumped 15.6% in March to their lowest level
Dow 30 23760.10 23906.82 23996.82
since records began in 1991, while IHS Markit's final Composite
Nasdaq 8840.29 8876.96 8901.71 Purchasing Managers' Index for the euro zone, seen as a good
indicator of economic health, plummeted to 13.6 in April from
DAX 10624.80 10676.20 10704.30
March's already dire 29.7, easily its lowest reading since the survey
FTSE 100 5850.41 5874.37 5889.24 began in 1998.Disclosure
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