Market Outlook Report- 18th Feb 2021 - Webflow
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Market Outlook Report- 18th 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 15208.90 15314.30 15170.75 -104.55 -0.68%
Sensex 51703.83 52078.15 51586.34 -400.34 -0.77%
Banknifty 36910.95 37331.45 36764.25 -187.45 -0.51%
Nifty FUT 15190.55 15323.85 15165.05 -139.70 -0.91%
Nifty opened on a flat note on 17th February 2021, it tried to sustain at higher levels but could
not and closed below 15300, the support seems to be at 15200 and resistance at 15450.
Overview
Investors may initiate longs if Nifty crosses and sustains above 15250.
Global Markets
Index Last High Low Change Change% ➢ U.S. Treasury yields hit one-year highs on Wednesday, lending support to
the dollar but pressuring lofty valuations for stocks, as investors reckoned
Dow 30 31,522.75 31,608.63 31,443.48 +64.35 +0.20%
that a stimulus-fuelled global recovery will eventually bring rising
Nasdaq 14,047.50 14,175.12 13,995.45 -47.98 -0.34% inflation.
DAX 13,974.10 14,046.65 13,934.05 -90.50 -0.64%
➢ European stock markets retreated Wednesday, consolidating after
FTSE 100 6,725.05 6,747.15 6,710.65 -23.81 -0.35% recent gains with investors growing wary of rising bond yields while the
earnings season continues.
Index S1 Pivot Points R1 ➢ Asia Pacific stocks were mostly down on Wednesday morning, with
optimism over a quick global economic recovery from COVID-19
Dow 30 31493.03 31524.20 31557.30
weighed down by continued virus concerns.
Nasdaq 14028.57 14048.06 14064.80
DAX 13964.51 14005.58 14064.61
FTSE 100 6646.33 6660.09 6687.62Derivative Outlook
⮚ Market indices corrected from higher level and traded on a negative note as on Wednesday, 17th February. Profit
booking was witnessed in the market with Nifty ending the day with of loss of 0.68 percent. Mix trend was
observed among sectors where PSU bank, media and auto closed on a positive note while selling witnessed in
the rest of the indices.
⮚ In the coming trading session on Thursday, 18th February volatility in the market is expected to remain high
amid weekly contract expiry. Profit booking could be seen in Nifty as it has breached the major support of 15,200
level. On the higher side 15,350 to 15,400 could be the resistance zone for the index.
⮚ 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
PNB 41.45 4.54% 24.10%
ADANIPORTS 655.75 2.48% 26.08%
IDEA 11.85 0.42% 1.42%Short built-up:
Scrip Name Closing price Change in price Change in OI
ICICIBANK 656.05 -5.20% 6.94%
PFC 130.70 -3.60% 9.04%
IOC 95.40 -0.70% 3.22%
Short covering:
Scrip Name Closing price Change in price Change in OI
NATIONALUM 50.75 0.69% -4.84%
BANKBARODA 84.40 6.23% -3.33%
ZEEL 214.25 3.78% -2.64%
Long Unwinding:
Scrip Name Closing price Change in price Change in OI
DLF 315.20 -1.41% -4.67%
IBULHSGFIN 221.20 -2.49% -2.27%
TATASTEEL 696.10 -0.83% -1.78%Nifty Option Chain
Analysis :
⮚ Nifty closed on a negative note with a loss of around 0.68 percent
as on Wednesday, 17th 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 15,300 and 15,400 strikes while Put
writing was seen at 15,200 and 15,100 strikes. IndiaVIX declined 1.26
percent and close at 21.51.
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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