Monday 19 March 2018

Markets Indicating A Weak Opening As Trade Wars Escalate

Posted by suhani varma on Monday, March 19, 2018 with No comments



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SGX Nifty indicating a negative opening for the Indian markets.

Indian markets are expected to trade with a negative bias continuing the negative momentum witnessed in the previous week, as traders react to escalating trade war concerns between European Union and the US.

In stock specific news, according to media reports IOC, BPCL may buy 26% stake each in GAIL. Zee Entertainment has decided to call off its acquisition of 9x Media and INX Music.

Global markets
Major Asian markets are trading in the red at present. Nikkei is currently down 0.87%, Hang Seng is trading flat up 0.08% higher, while Shanghai Composite is down 0.03%.

US Markets: Stocks ended marginally higher in Friday’s trading session. The Dow gained 0.3% to 24,946.51, S&P 500 edged up 0.2% to 2,751.01 while the tech-heavy Nasdaq ended flat up 0.25 points at 7481.

The higher close on Wall Street partly reflected a positive response to economic reports showing an unexpected improvement in consumer sentiment and a better than anticipated jump in industrial production.

European markets closed in the green on Friday with the FTSE closing 0.34% higher, CAC ended 0.64% higher while DAX ended up 0.84%.

FII Data:
In yesterday’s session FII’s sold 150 crores stock in the cash market whereas DII’s sold 770 crores worth of stock. In the derivative market, FII’s sold 2,221 crores of index futures and sold 61 crores worth of Index options. In the stock futures segment, FII’s sold 269 crores worth of stock futures and bought 73 crores stock options.

FII View:
FII trading activity in Friday’s session suggests that they have built up bearish positions, which are deduced from the fact that they created 29,222 short contracts in index futures, while they also reduced 7,482 long contracts in Index call options.
FIIOI(000's)% Chg% Chg Since ExpiryLong/Short RatioLong/Short Since Expiry
Future Index Long1340940.90.9
Future Index Short15423117
Option Index Call Long229(3)551.71.0
Option Index Call Short137461
Option Index Put Long3621522.51.1
Option Index Put Short144(8)36
  
Support / Resistance: Intraday
Nifty: 10195
S1 – 10150S2-10080
R1-  10260R2 -10320


Support / Resistance: Intraday
Bank Nifty: 24489
S1 – 24350S2-24000
R1 - 24600R2 -24800

 
Nifty Highest Open Interest:
Call: 10500 / Put: 10000
Bank Nifty Highest Open interest: (22nd March 2018 Expiry)
Call: 25500 / Put: 24000
Stocks in Ban Period: BANKINDIA, BEML, DHFL, HDIL, IDBI, JPASSOCIAT, SAIL, TV18BRDCST

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