Sensex zooms over 200 pts, Nifty eyes 8200; Bharti drags

The market continues to rally on support of banks, infra, FMCG and pharma stocks. The Sensex is up 219.96 points or 0.8 percent at 26586.11, and the Nifty up 65.10 points or 0.8 percent at 8168.70. About 1483 shares have advanced, 358 shares declined, and 79 shares are unchanged.

ICICI Bank, Axis Bank, BHEL, ITC and SBI are top gainers while Bharti, Coal India and Dr Reddy's Labs are losers in the Sensex.

Ridham Desai of Morgan Stanley believes key drivers for the market mood in Q1FY17 remain incoming growth data, global cues especially on US tightening, President-elect Trump's fiscal plans, commodity prices and the forthcoming Budget on February 1.

He expects the U-shaped earnings recovery to be delayed by a quarter or two and estimates an earnings growth of 2 percent Y-o-Y for FY17 and 18 percent for FY18.

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Sensex, Nifty end higher amid volatile trade; auto, metals rally

The market has ended in green after a lot of volatility due to December Future & Options (F&O) expiry today. The  Nifty was up 68.75 points or 0.9 percent at 8103.60 and the Sensex climbed 155.47 points or 0.6 percent at 26366.15. About 1651 shares have advanced, 929 shares declined, and 171 shares are unchanged.

Auto, metals and IT stocks lend support. MAruti, HDFC, Tata Motors, TCS and Bahrti were gainers while Adani Ports, Infosys, Sun Pharma, L&T and BHEL were losers in the Sensex.

According to Nirmal Bang Institutional Equities, there is a possibility of market going to level of 7500 in next 1-2 months. While there is a lot of noise regarding upcoming elections and cash crunch impacting market, the main mover of market remains earning, Rahul Arora, CEO of Nirmal Bang. Market earnings have grown at a 5 percent compounded annual growth in last six years.

At the current stage, pharmaceutical, IT and metal are the sectors to concentrate on in first quarter of 2017, Arora said. Any domestically driven sector should be avoided.

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 28 DEC 2016

CS NIFTY FUTURES (DEC) OVERVIEW

TREND BEARISH

RES2:8125

RES 1:8075

SUP1:7950

SUP2:7905

CS BANK NIFTY FUTURES (DEC) OVERVIEW

TREND BEARISH

RES 2:18075

RES 1:17955

SUP1:17750

SUP2:17675

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CS ROCKING PERFORMANCE OF THE DAY - 22 DEC 2016

STOCK FUTURES:

FUTURES INTRADAY:

SRTRANSFIN  FUTURE SELL  CALL  3^RD TG

CAIRN INDIA FUTURE SELL CALL  1^ST  TG

PREMIUM FUTURES:

SELL AUROPHARMA FUTURE SELL CALL 2^ND TG

SELL AMARAJABAT FUTURE AT SELL CALL 2^ND TG ( BOOKED AT 863.50)

NIFTY FUTURES:

BANK NIFTY SELL HOLD FOR TOMORROW

OPTION

hdfc 1260 DEC.PUT 1^st tg

cairn india 240DEC.PUT 1^st tg

ZEEL 450 CALL MADE HIGH 4.65 TRADING NR 3.8-4 PLEASE CLOSE THE POSITION IN IT

OPTION PREMIUM:

BUY AUROPHARMA 660 DEC.PUT buy call hold for tomorrow

STOCK CASH

STOCK CASH INTRADAY:

SELL UJJIVAN in cash 3^rd tg

SELL BEL sell call 2^nd tg

STOCK CASH  PREMIUM:

BUY M&M HOLD FOR TOMORROW 

BUY BEML buy call 3^rd tg ( booked at 972.00)

STOCK SUPER PREMIUM

BUY BEML IN CASH buy call 1^st  tg

EQUITY KING CALL

BEML FUTURE TRADING NR FINAL TGT 970 BOOK FULL PROFIT NR IT HIGH 967.50

IOC BUY CALL 2ND TG 315 ALMOST ACHIEVED, BOOK MORE PROFIT NEAR IT AND 3RD TG 322,

CEAT FUTURE FINAL TGT 1145 ACHIEVED BOOK FULL PROFIT NR IT

OPTION STRATEGY

PETRONET 360 PUT MADE HIGH 8 FINAL TGT IS 9

BUY M&M 1200 CALL HOLD FOR TOMORROW

VEDL PUT 220 MADE HIGH 6.95 FINAL TGT 6.5 ACHIEVED BOOK FULL PROFIT IN IT

HNI CASH CALL

BUY BEML buy call in cash final tg ( booked at 972.00) & hold for tomorrow

HNI FUTURE CALL

SRTRANSFIN FUTURE TRADING NR 788-789 BOOK 50% PROFIT HOLD 50% FOR TGT 780 & hold for tomorrow

HNI option CALL

BUY HINDALCO 160 DEC. PUT hold for tomorrow

BUY BEML 960 DEC. CALL NEAR hold for tomorrow

SBI 250 DEC. PUT WAS BOUGHT NR 2 ON 20TH DEC. FINAL TG 3.5 FULLY ACHIEVED HIGH NR 4.2 BOOK SUPER FULL PROFIT

CEAT 1160 PUT FINAL TGT 35 ACHIEVED BOOK FULL PROFIT IN IT HIGH 40.75

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