Monday 6 August 2018

Markets Set To Open Near Life Time Highs, Focus To Remain On Q1 Earnings

Posted by suhani varma on Monday, August 06, 2018 with No comments


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SGX Nifty is currently trading in the green up 41 points at 11,438 levels.

Markets are expected to continue the positive momentum witnessed in Friday’s trading session; Q1 earnings have been strong so far which has aided the rally in the markets.

Adani Port, Adani Power, Arvind, Britannia Industries and Ujjivan are some of the large-cap companies set to announce their results later in the day.

Major Asian markets are trading with a positive bias at present; Nikkei is up 0.39%, Hang Seng is up 1.29%, while Shanghai Composite is trading 0.02% higher.

US Markets: Stocks ended in the green on Friday as traders digested the closely tracked monthly jobs report from the Labour Department. The Dow and S&P 500 gained 0.5% to 25,462.58 and 2,840.35, respectively, while the Nasdaq inched up 0.1% to 7,812.01.

European markets also closed in the green on Friday with the FTSE up 1.09%; CAC was up 0.33%, while DAX closed 0.55% higher.

FII Data: In Friday’s trading session, FIIs sold 5cr stock in the cash market, whereas DIIs bought 87cr worth of stock. In the derivative market, FIIs sold 480cr of index futures and sold 887cr worth of index options. In the stock futures segment, FIIs sold 19cr worth of stock futures and sold 84cr stock options.

FII View: In Friday’s trading session, FII created positions on either side considering the volatility in the markets. In index futures, they created short positions to the tune of 12,245 contracts, while in index call options they created fresh long positions to the tune of 2,827, while simultaneously creating 6,762 short contracts in index put options. However, the net positions of FII in the current series remain on the long side, which is indicated by a long short ratio of 1.3x

FIIOI
(in000's)
% Chg% Chg 
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long1656401.30.9
Index Short1261149
Index Call Long1971364.01.1
Index Call Short49(3)25
Index Put Long247(3)71.80.7
Index Put Short134557
 
Support / Resistance: IntradayNifty: 11360
S1 – 11,290S2-11,230
R1-  11,390R2 -11,460
 
Support / Resistance: IntradayBank Nifty: 27695
S1 – 27,600S2-27,400
R1 - 27,900R2 -28,000


Nifty Highest Open Interest:
Call: 11,500 / Put: 11,000
Bank Nifty Highest Open interest: (9th Aug 2018 Expiry)
Call: 28,000 / Put: 27,500
Securities in Ban Period: ADANI POWER, JETAIRWAYS
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