Subscribe Now

Indexes & constituents stay in BUY

Navin Agrawal  -  Nov 18, 2014  -  Comments Off

Report of trade date: November 17, 2014

Technidex Stock Futures Index© closed UP 0.71% at 3781.50. The index gained 26.51 points over its previous close. Technidex Underlying Stock Index© closed UP 0.74% at 3867.89. The index gained 28.50 points over its previous close. Technidex CoC Indicator© was at a premium of 11.16%. Premium increased 1.15% over previous day’s premium. Technidex Delivery Indicator© was at 44.52%. It decreased 1.57% over previous day. Open Interest of Technidex Stock Futures Index© increased Rs. 637.74 crore to Rs. 42512.29 crore. Open Interest Shares increased 0.72% to 1395.08 million shares.

Best BUYs: Diversified Financial Services, IT Services, Auto Components, Chemicals, Personal Products

Best SELLs: Metals & Mining, Oil, Gas & Consumable Fuels, Construction Materials, Textiles, Apparel & Luxury Goods, Automobiles

NIFTY Analysis

CNX NIFTY closed +0.49% at 8430.75 (+40.85 points). There were 30 gainers, 0 remained unchanged & 20 losers. The 5 day EMA of CNX NIFTY is at 8385; The 50 day EMA is at 8064; The 200 day EMA is at 7360. It is in Strong Buy mode for trading, Buy mode in short term and Strong Buy mode in medium term. The weighted outlook of index constituents is Buy / Buy / Buy.

NIFTY Futures gained 0.43% over previous day and gained 0.89% over past 5 sessions. NIFTY Futures closed 0.72% higher than their 5 day average traded price of 8397.05. Open Interest shares of NIFTY Futures were 0.71% higher than their Open Interest 5 sessions ago. Volume of NIFTY Futures was 10.10% higher than their 5 day average.

NIFTY with a Put – Call Ratio (PCR calculated across all 3 expiries as per our proprietary model) of 0.33 indicates Bullish outlook. Based on option pricing, the expected expiry range for NIFTY is 8335 – 8553 and expected trading range is 8348 – 8494.

Stock Futures Analysis

The average weighted price of 94 stock futures closed higher than 5 days ago, 85 of these closed higher than their 5 day ATP. Open Interest shares of 49 of them increased over the past 5 sessions and the Delivery % of 23 of these was higher than 5 day average delivery, showing BUYING on increased Open Interest & higher volume. The weighted average gain of stocks of these 23 stocks was 4.47%.

The average weighted price of 45 stock futures closed lower than 5 days ago, 37 of these closed lower than their 5 day ATP. Open Interest shares of 28 of them increased over the past 5 sessions and the Delivery % of 12 of these was higher than 5 day average delivery, showing SELLING on increased Open Interest & higher volume. The weighted average loss of stocks of these 12 stocks was -2.59%.

Stock Options Analysis

117 stocks with an average PCR of 0.31 across all 3 expiries have a Bullish outlook, 9 stocks with an average PCR of 1.01 are Neutral and 13 stocks with an average PCR of 1.82 are Bearish.

Download (PDF, 98KB)

Comments are closed.