Thursday 2 August 2018

Markets Set To Open Flat Ahead Of Weekly Bank Nifty Expiry

Posted by suhani varma on Thursday, August 02, 2018 with No comments


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SGX Nifty is currently trading in the green, up 4 points at 11,363. Traders would be looking at earnings season. This has got off to a solid start for further cues, which could lead the markets higher.

Bank Nifty could be volatile in trade today ahead of the weekly expiry. It currently is facing a resistance at the 28,000 mark.

Godrej Properties, Marico and Torrent Pharmaceuticals are some of the large-cap companies that are set to announce their Q1 result today.

Global markets: Major Asian markets are trading with a negative bias at present. Nikkei is down 0.42%, Hang Seng is down 1.42%, while Shanghai Composite is trading 0.96% lower.

US Markets: Stocks ended on a mixed note in the yesterday’s trading session, after the Federal Reserve's announcement of its widely expected decision to leave interest rates unchanged. The Nasdaq climbed 0.5% to 7,707.29 level, the Dow fell 0.3% to 25,333.82 and the S&P 500 edged down 0.1% to 2,813.36. The tech-heavy Nasdaq benefited from a significant surge in the shares of Apple, which gained 5.9% after posting a better than expected earnings and providing strong guidance.

European markets also closed in red yesterday with the FTSE down 1.25%; CAC was down 0.24% while DAX closed 0.54% lower.

FII Data: In the yesterday’s trading session, FIIs sold 95cr stock in the cash market, whereas DIIs sold 562cr worth of stock. In the derivative market, FII’s bought 1,208cr of Index futures and sold 107cr worth of Index options. In the Stock futures segment, FII’s bought 41cr worth of stock futures and bought 21cr stock options.

FII View: In the yesterday’s trading session, FII continued to build bullish positions in the derivatives market, which is deduced by the fact that they created 11,451 long contracts in Index Futures, while simultaneously creating 8,908 short contracts in Index Put Options. The long-short ratio in Index Futures is currently stands at 1.5x.

FIIOI
(in000's)
% Chg% Chg 
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long1588341.51.1
Index Short103(1)22
Index Call Long1751213.30.9
Index Call Short53935
Index Put Long2574112.00.7
Index Put Short130753
 
Support / Resistance: IntradayNifty: 11346
S1 – 11250S2-11180
R1-  11400R2 -11500
 
Support / Resistance: IntradayBank Nifty: 27596
S1 – 27450S2-27200
R1 - 27800R2 -28000


Nifty Highest Open Interest: Call: 11500 / Put: 11000
Bank Nifty Highest Open interest: (2nd Aug 2018 Expiry) Call: 28000 / Put: 27000
Securities in Ban Period: Nil
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