12-Sep-2022
2 mins read
Indian Benchmark Indices ended the last week with healthy gains of more than 1.6% in the volatile global market scenario. The index was lifted up by the banking stocks followed by the other index heavyweight counters. The sentiments in the broader markets remained upbeat where mid and small-cap stocks witnessed good buying interest.
Technically, Nifty has formed a consecutive green candle on the daily charts and is nearing the breakout levels of 17900-17950 levels on the daily charts. The index has formed a good base around 17400 and 17450 levels on the lower side where the momentum is likely to emerge on the long side. On the flip side, any decisive break above 17900 levels may trigger a fresh round of short covering in the index.
For the upcoming week, we expect markets to turn volatile amid the ongoing fluctuations in the global equities followed by the huge swings in the commodity markets and the rupee movement against the dollar. Short-term traders may wait for some retracement in the market for creating fresh positions while quality mid and large-cap stocks may be accumulated on any major corrections.
FIIs Change in Position – Week on Week Basis
| Particulars | Open Contracts | Change from Last Week | Remarks |
| FIIs Longs | 29944 Contracts | Covered 3586 contracts | Longs Stands @ 22% |
| FIIs Shorts | 105892 Contracts | Covered 5145 contracts | Shorts Stands @ 78% |
| FIIs in Stock Futures (Longs) | 1113552 Contracts | Covered 25201 contracts | Major Longs Covered |
| FIIs in Stock Futures (Shorts) | 998063 Contracts | Added 39133 contracts | Major Shorts Added |
Range of the Current weekly Series for Nifty (17000-18000
| Strike | Open Interest | Remarks |
| 17000 PE | 7834200 Shares | Highest Concentration of OI at this strike |
| 18000 CE | 6966100 Shares | Highest Concentration of OI at this strike |
Range of the Current weekly Series for Bank Nifty (39500-40500
| Strike | Open Interest | Remarks |
| 39500 PE | 1860900 Shares | Highest Concentration of OI at this strike |
| 40500 CE | 2739925 Shares | Highest Concentration of OI at this strike |
PCR & INDIAVIX Analysis.
| Particulars | Current value | Remarks |
| PCR | 0.89 | At Mid-Range- Neutral |
| INDIAVIX | 17.72 | At Lower Range – Bullish |
Key Corporate Action of the Next Week
| Security Name | Ex-Date | Purpose | Record Date |
| ASHIANA | 08-Sep-22 | Final Dividend – Rs. – 0.5000 | – |
| KRBL | 08-Sep-22 | Final Dividend – Rs. – 3.5000 | – |
| MASTEK | 08-Sep-22 | Final Dividend – Rs. – 12.0000 | – |
| RITES | 08-Sep-22 | Final Dividend – Rs. – 3.5000 | – |
| SONATSOFTW | 08-Sep-22 | Bonus issue 1:3 | 10-Sep-22 |
| ACE | 09-Sep-22 | Final Dividend – Rs. – 0.6000 | – |
| GSFC | 09-Sep-22 | Dividend – Rs. – 2.5000 | – |
| SUVENPHAR | 09-Sep-22 | Interim Dividend – Rs. – 1.0000 | 12-Sep-22 |
| SUVENPHAR | 09-Sep-22 | Special Dividend – Rs. – 5.0000 | 12-Sep-22 |
| ALEMBICLTD | 12-Sep-22 | Dividend – Rs. – 1.8000 | 13-Sep-22 |
| GLENMARK | 12-Sep-22 | Final Dividend – Rs. – 2.5000 | – |
| BAJAJFINSV | 13-Sep-22 | Bonus issue 1:1 | 14-Sep-22 |
| BAJAJFINSV | 13-Sep-22 | Stock Split From Rs.5/- to Rs.1/- | 14-Sep-22 |
| DONEAR | 13-Sep-22 | Final Dividend – Rs. – 0.2000 | – |
| TNPL | 13-Sep-22 | Final Dividend – Rs. – 4.0000 | – |
| ITDCEM | 14-Sep-22 | Dividend – Rs. – 0.4500 | – |
| BEL | 15-Sep-22 | Bonus issue 2:1 | 16-Sep-22 |
| BEML | 15-Sep-22 | Final Dividend – Rs. – 5.0000 | – |
| BHEL | 15-Sep-22 | Final Dividend – Rs. – 0.4000 | 16-Sep-22 |
Key Economic Events of the Next Week
| Date | Event | Market Expectations |
| 12-Sep-2022 | INDIA – IIP Data | 5% |
| 12-Sep-2022 | INDIA – Inflation Rate MoM AUG | 6.7% |
| 13-Sep-2022 | US – Core Inflation Rate | 5.9% |
| 13-SEP-2022 | INDIA – Passenger Vehicle Sales MoM | – |
| 14-Sep-2022 | INDIA – WPI Inflation Rate | 13.2% |
| 15-Sep-2022 | INDIA – Balance of Trade | $ -28.68B |
| 15-Sep-2022 | US – Initial Jobless Claims | 225K |
| 16-Sep-2022 | CHINA – Industrial Production Data | 3.9% |
| 16-Aug-2022 | INDIA – Foreign Exchange Reserves | – |
