Market Blogs

Markets indicating a flat opening after three consecutive sessions of upsurge

Stock market report with bull and bear
SGX Nifty is currently trading in the red down 15 points at 10,658.

Markets could take a breather and trade sideways in today’s session with Nifty having rallied nearly 300 points in the past 3 sessions.

The action is expected to be more stocks specific with the Q4 results currently underway, BEL, BHEL, BPCL, Coal India, Dish TV, IOB and Ipca Lab, are some of the large-cap companies set to announce their Q4 results today.

Global markets

Major Asian markets are trading in the red, Nikkei is down 0.66%, Hang Seng is down 0.46%, while the Shanghai Composite is trading flat 0.03% lower.

US Markets were shut yesterday on account of Memorial Day.

European markets closed in the red yesterday with CAC and DAX ending 0.61% and 0.58% lower respectively.

FII Data: 

In yesterday’s trading session, FII’s sold 795 crores stock in the cash market whereas DII’s bought 1,017 crores worth of stock.

In the derivative market, FII’s bought 479 crores of Index Futures and bought 480 crores worth of Index options.

In the stock futures segment, FII’s bought 438 crores worth of stock futures and sold 149 crores stock options

FII View:

FII added fresh long positions in yesterday’s trading session, which is deduced by the fact that FII’s created 5,350 long contracts in Index Futures, while they simultaneously reduced 7,548 short contracts in Index Call options. The long-short ratio in Index Futures currently stands at 0.9x.









FII

OI(000’s)

% Chg

% Chg Since Expiry

Long/Short Ratio

Long/Short Since Expiry

Future Index Long

140

4

93

0.9

0.8

Future Index Short

153

0

151

Option Index Call Long

226

0

29

2.4

1.0

Option Index Call Short

93

(7)

29

Option Index Put Long

428

(0)

55

2.6

0.9

Option Index Put Short

164

1

78

 





Support / Resistance: Intraday
Nifty: 10688

S1 – 10600

S2-10520

R1-  10790

R2 -10860

 





Support / Resistance: Intraday
Bank Nifty: 26614

S1 – 26400

S2-26200

R1 – 26800

R2 -27000

Nifty Highest Open Interest:
Call: 10800 / Put: 10500
Bank Nifty Highest Open interest: (31st May 2018 Expiry)
Call: 27000 / Put: 26000
Securities in Ban Period: BALRAMCHIN, DHFL, IDBI, JETAIRWAYS, JISLIALEQS, RCOM

Source

neallesh@yahoo.co.uk

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