Dive into the December F&O series excitement! Explore Nifty 50’s impressive surge and sector predictions for a thrilling 2023. Don’t miss out!
Table of Contents
Greetings, fellow investors and market enthusiasts! It’s time for some financial rollercoaster updates, and we’re here to break it down for you in a way that even your grandma would understand. So, grab your chai, get comfy, and let’s dive into the exciting world of the stock market!
Nifty’s November Fiesta: Midcaps and Small-caps Steal the Show!
November was no ordinary month for the stock market. While the headline Nifty 50 grabbed eyeballs with its stellar performance, the real rock stars turned out to be the small and mid-caps. Picture this: Nifty Mid-cap dancing up by a jaw-dropping 12.6 percent, and Nifty Small-cap flaunting a dazzling 14.4 percent rise, both hitting lifetime highs. Move over Nifty 50; it’s the little ones’ time to shine!
December F&O series: Long Rollovers, FII Shorts Covering, and All That Jazz!
Hold your breath, folks, because December is gearing up to be a blockbuster sequel. Analysts are buzzing with excitement as the Nifty is set to scale newer all-time highs in the F&O series.
Long rollovers, the superheroes of the stock market, are swooping in for the rescue, standing at a robust 73 percent for the Nifty 50. Despite a slight dip from the previous series, it’s enough to keep the momentum flying high.
And guess what? Foreign Institutional Investors (FIIs) are joining the party too! They’ve been busy covering their shorts like a cat covering its tracks. Short positions took a dive from the previous series, down to 64 percent, unleashing a wave of optimism among traders.
| FII Data | DII Data | |||||
| Date | Gross Purchase | Gross Sales | Net Purchase / Sales | Gross Purchase | Gross Sales | Net Purchase / Sales |
| November 2023 | 244,072.81 | 238,277.76 | 5,795.05 | 149,076.97 | 136,314.83 | 12,762.14 |
| October 2023 | 186,494.72 | 215,551.33 | -29,056.61 | 155,888.65 | 130,782.79 | 25,105.86 |
| September 2023 | 228,678.76 | 255,370.92 | -26,692.16 | 184,018.46 | 163,705.81 | 20,312.65 |
| August 2023 | 270,587.17 | 291,207.82 | -20,620.65 | 187,966.34 | 162,949.39 | 25,016.95 |
| July 2023 | 215,974.66 | 202,052.65 | 13,922.01 | 168,838.84 | 170,023.17 | -1,184.33 |
| June 2023 | 235,250.76 | 208,000.75 | 27,250.01 | 152,605.69 | 148,147.46 | 4,458.23 |
| May 2023 | 236,945.55 | 209,089.07 | 27,856.48 | 135,524.29 | 138,830.64 | -3,306.35 |
DIIs: The Unsung Heroes
Let’s not forget our unsung heroes – the Domestic Institutional Investors (DIIs). They’ve been the wind beneath Nifty’s wings, increasing their net long positions to a commendable 58 percent for the December series. Kudos to you, DIIs!
Chandan Taparia, the maestro of derivative research at Motilal Oswal Financial Services, says, “The rollover data indicates short covering and some longs being rolled over with sentiments becoming stronger.” We couldn’t agree more, Chandan!
December Delight: A Historical Love Affair
If you’re a fan of historical romance (with the stock market, of course), December is your month! Over the last 26 years, December has showered the market with love, delivering a positive return of 3.29 percent. The index has danced into positivity 74 percent of the time during this festive month. Viraj Vyas from Ashika Stock Broking assures us that the seasonality check is singing sweet tunes for December.
Plot Twist: Brace for Volatility!
But hey, every blockbuster has its twists. Brace yourselves for a sprinkle of volatility in the December F&O series. The Nifty 50, sitting on the cusp of all-time highs, might trigger a round of profit booking. Don’t panic, though! Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research, sees these dips as golden opportunities to add some long bets. Smart move, Abhilash!
Levels to Watch: Nifty’s Magical Numbers
Numbers, numbers everywhere! Options data is scattered like confetti, but experts have their eyes on key levels. Call writing at 20,400 and 20,300 strikes, with put writers countering at 20,000 and 20,100 strikes. Chandan Taparia predicts a trading range of 19,800 to 20,500 for the Nifty 50 during the week. Get ready for the magic show, folks!
Sector Showdown: Who Will Be the Real MVPs?
Now, onto the sector showdown! According to the gurus at Nuvama Alternative & Quantitative Research, sectors like automobile, realty, pharma, capital goods, and energy are gearing up for a grand performance with strong additions of long positions.
Ashika Stock Broking has thrown its dice on technology, banking, metals, and cement sectors. Fresh longs and covered short bets are like applause for these sectors, signaling a potential uptrend.
And here’s a plot twist: keep an eye on the chemicals pack! Pagaria sees hidden gems there, especially with a clear long build-up and cash-led buying support. Grab your popcorn; the chemicals pack might surprise us all!
Top Picks: The Nuvama Seal of Approval
Drumroll, please! The top picks, according to Nuvama Alternative & Quantitative Research, are BHEL, Oberoi Realty, FSN E-commerce, Phoenix Mills, KPIT Technologies, PB Fintech, Dalmia Bharat, NMDC, and PNB. Keep these on your radar; they might just be the show stealers!
Disclaimer: Buckle Up, It’s a Wild Ride!
Before you dive into the stock market adventure, a quick disclaimer: the views and tips shared by our experts are their own. Do consult with certified experts before making any investment decisions. We’re just here to sprinkle some fun into your financial journey!
So, there you have it – your front-row ticket to the December F&O series spectacle. Buckle up, traders! It’s going to be a ride to remember! 🚀✨
Also Read | INDIA’S DEFENCE SECTOR RECEIVES A SIGNIFICANT BOOST WITH A ₹2.23 LAKH CRORE INVESTMENT
Thank you for the auspicious writeup It in fact was a amusement account it Look advanced to far added agreeable from you However how can we communicate
Normally I do not read article on blogs however I would like to say that this writeup very forced me to try and do so Your writing style has been amazed me Thanks quite great post