Market Outlook Report- 17th Feb 2021 - Webflow
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Market Outlook Report- 17th Feb 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 15313.45 15431.75 15242.20 -1.25 -0.008%
Sensex 52104.17 52516.76 51863.61 -49.96 -0.096%
Banknifty 37098.40 37708.75 37762.75 -207.85 -0.560%
Nifty FUT 15332.00 15430.00 15246.10 -0.20 -0.001%
Nifty opened with a gap up on 16th February and crossed 15400 but could not sustain there it
corrected to as low as 15242 but later closed above 15300. The level of 15300 seems to be an
Overview
important one, the support being 15200 and resistance being 15450. Investors must initiate
longs once Nifty sustains 15300.
Global Markets
Index Last High Low Change Change% ➢ Successful rollouts of Covid-19 vaccines in many countries, with the U.K.
leading the way among the developed world, have raised hopes of a
Dow 30 31,458.40 31,475.31 31,347.80 +27.70 +0.09%
relatively quick economic recovery as restrictions on business and social
Nasdaq 14,095.47 14,102.04 13,937.71 +69.70 +0.50% life are lifted.
DAX 14,093.35 14,128.30 14,076.85 -16.13 -0.11%
➢ European stock markets pushed higher in early trade on Tuesday, as
FTSE 100 6,773.46 6,799.42 6,766.65 +17.35 +0.26% strong results from mining groups reinforced talk of a new 'supercycle' in
commodities amid hopes for a broad and synchronized global recovery.
Index S1 Pivot Points R1 ➢ Asian shares rallied on Tuesday, setting the stage for world equities to
extend their bull run for a 12th consecutive session, as investors banked
Dow 30 31394.56 31434.86 31502.69
on a rollout of coronavirus vaccines to keep the global economic
recovery on track.
Nasdaq 14051.56 14076.40 14120.68
DAX 14082.75 14111.45 14139.30
FTSE 100 6646.33 6660.09 6687.62Global Markets
Index Last High Low Change Change% ➢ Successful rollouts of Covid-19 vaccines in many countries, with the U.K.
leading the way among the developed world, have raised hopes of a
Dow 30 31,458.40 31,475.31 31,347.80 +27.70 +0.09%
relatively quick economic recovery as restrictions on business and social
Nasdaq 14,095.47 14,102.04 13,937.71 +69.70 +0.50% life are lifted.
DAX 14,093.35 14,128.30 14,076.85 -16.13 -0.11%
➢ European stock markets pushed higher in early trade on Tuesday, as
FTSE 100 6,773.46 6,799.42 6,766.65 +17.35 +0.26% strong results from mining groups reinforced talk of a new 'supercycle' in
commodities amid hopes for a broad and synchronized global recovery.
Index S1 Pivot Points R1 ➢ Asian shares rallied on Tuesday, setting the stage for world equities to
extend their bull run for a 12th consecutive session, as investors banked
Dow 30 31394.56 31434.86 31502.69
on a rollout of coronavirus vaccines to keep the global economic
recovery on track.
Nasdaq 14051.56 14076.40 14120.68
DAX 14082.75 14111.45 14139.30
FTSE 100 6646.33 6660.09 6687.62Derivative Outlook
⮚ Market indices closed on a flat note after a highly volatile session as on Tuesday, 16th February. Profit booking
was witnessed in the market with Nifty ending the day with a marginal loss of 0.01 percent. Among sectors,
selling witnessed in IT, FMCG, auto and banking stocks while pharma, metal and PSU bank closed on a positive
note.
⮚ In the coming trading session on Wednesday, 17th February market is expected to be volatile and further profit
booking could be seen. Although Nifty sustained the support of 15,200 level but the volatility could be seen in the
index till 15,500 level which could act as a strong resistance.
⮚ Highest Daily Nifty Call OI-15,500
⮚ Highest Daily Nifty Put OI-15,000
Long built-up:
Scrip Name Closing price Change in price Change in OI
ONGC 102.00 5.26% 15.19%
NTPC 98.40 2.93% 9.50%
TATAPOWER 91.05 4.60% 5.15%Short built-up:
Scrip Name Closing price Change in price Change in OI
IDEA 11.75 -2.89% 0.69%
TATAMOTORS 330.00 -1.37% 4.10%
ASHOKLEY 129.30 -1.00% 7.19%
Short covering:
Scrip Name Closing price Change in price Change in OI
SAIL 64.75 2.61% -3.58%
NATIONALUM 50.40 3.38% -3.84%
INDUSINDBK 1065.05 0.23% -3.54%
Long Unwinding:
Scrip Name Closing price Change in price Change in OI
ITC 214.25 -0.16% -0.71%
VOLTAS 1045.05 -1.52% -21.73%
ZEEL 206.65 -2.73% -2.15%Nifty Option Chain
Analysis :
⮚ Nifty closed on a flat note with a marginal loss of around 0.01
percent as on Tuesday, 16th February. The options data indicates
immediate trading range of the Nifty is likely to be 15,000 – 15,500.
Maximum Put open interest was at 15,000 followed by 14,800 strike,
while maximum Call open interest was at 15,500 followed by 15,300
strike. Call writing was seen at 15,400 and 15,300 strikes while Put
writing was seen at 15,100 and 15,200 strikes. IndiaVIX gained 1.42
percent and close at 21.78.
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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