Equity Tips | nifty report 21 Jan

Nifty Market Overview:

The Nifty future shut shop at with loss of 125.80 points down by 1.69%. Nifty future decreased by 15525 shares in open interest, and came to a discount of 2.35 from premium of 3.00 earlier. Where as cost of carry is -42.59% vs 40.76% decreased by 204.50%. On the options front the OI PCR is 0.87 vs 0.84 increased by 3.57%. Where as the Volume PCR are 0.92 vs 0.75 up by 22.67%. While on the Volatility front the Indian Volatility Index has ended at 20.97% vs 18.43% up by 13.78%.

Option Overview:

• On the call options front addition of open interest was witnessed in last trading session at strike price of 7400 & 7500.
• On the put options front we have seen addition of open interest in last trading session at strike price of 7200 & 7100.    

OI Chart Analysis:  

From the OI Chart we can see the strike price that witnessed highest addition of open interest in the January Series. In coming sessions market may trade in a range of 7100 & 7500. On the call option front strike price with the highest open interest i.e. 7400 & 7500 may act as good resistance on the up side whereas on the put option front strike price with the highest open interest i.e.7200 & 7100 may act as a support on the downside.

Equity Market Tips:- 

Scheme Objectives 

Is an open end index linked growth scheme with the objective to invest in companies whose securities are included in the Nifty and subject to tracking errors, endeavoring to attain results commensurate with the S&P CNX Nifty Index under NSE Nifty Plan, and to provide returns that, before expenses, closely correspond to the total return of common stocks as represented by the BSE Sensex under BSE Sensex Plan.

Key Features

• An open ended passively managed index based equity fund that tracks the S&P Nifty Index or the BSE Sensex  depending on the investment option selected
• The fund aims to deliver returns that before expenses closely correspond to the total returns of common stocks as represented by the index tracked - BSE Sensex or S&P Nifty Index subject to tracking error
• The fund is suitable for investors who are positive about the long term growth prospects of Indian equities (3-5 years) and prefer passive managed equity fund with low running costs.
• First time equity investors who would like to benefit from equity investing by investing in diversified equity fund having the same composition as the benchmark index with representation oriented towards large cap segment

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