MTECHTIPS EQUITY MARKET NEWS

MTECHTIPS:-Market Snapshot & Options Analysis Nifty futures started the October series on a positive note following the better global cues and market had gap up opening above 5700 psychological area. Nifty rallied towards 5750 levels in the first half of trading session but it cold not able to sustain at higher levels due to heavy supply zone between 5750-5800 levels. Nifty for the day, if it sustains 5720 levels then rally may be seen towards 5750-5770 levels whereas if it fails to hold 5650 levels on downside then only selling pressure may be seen towards 5620-5600 levels. Nifty future saw increase in OI by 8.48% with a rise in price by 1.42%. Market witnessed buying interest almost across the board especially in Auto, CD, FMCG, Metal, Power, HC, Oil & Gas, Tech, PSU and IT sector stocks whereas selling pressure was seen only in Realty space. Nifty future closed at premium of 26 points as compared premium of 35 points in previous trading session.On the Options front, maximum Put OI is concentrated at 5300 followed by 5400/5500 strike price whereas maximum Call OI is at 5800 strike price for the Oct series. The Put Call Ratio based on Open Interest of Nifty moved up from 0.97 to 1.06 levels. Historical Volatility of Nifty moved up from 18.13 to 18.35 levels but Implied Volatility moved down from 16.69 to 15.72 levels. The market turnover decreased by 67.7% in terms of number of contracts traded vis--vis previous trading day whereas in terms of rupees decreased by 67.1%. MTECHTIPS:-Technical Snapshot
The Nifty opened the session gap up and managed to sustain at higher levels, some profit taking in the final hours led to small declines from intraday highs. But still the indices managed to close the day with very strong gains.First day of a fresh futures and options series brought more cheer for the Indian stock markets as the benchmark indices not only climbed over a percent higher in the session but also hit their highest level in more than 14 months. The undertone remained upbeat on optimism that the government will carry on its reforms agenda forward in the coming days and weeks. Corporate confidence also improved on the back of slew of reforms announced by the government lately.Domestic bourses held their crucial levels as buying in auto space continued to provide strength, gaining by about two percent as companies from this sector will start unveiling vehicle sales data for September from October 1, 2012. Metal stocks too aided the sentiments as scrips like Sterlite Industries, Sesa Goa, Nalco, Hindalco, JSW Steel, Hindustan Zinc and Jindal Steel & Power all edged higher as LMEX, a gauge of six metals traded on the London Metal Exchange gained 1.01% September 27, 2012. Cement shares extended their recent rally triggered by hopes that construction activity will pick up as the southwest monsoon started withdrawing from some parts of the country