Friday, 3 August 2018

SGX Nifty Indicating A Gap Up Opening For The Markets

Posted by suhani varma on Friday, August 03, 2018 with No comments


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SGX Nifty is currently trading in the green, up 50 points at 11328. After witnessing a sharp correction in yesterday’s trade, bulls will be hoping for a reversal and a continuation of the upward trend in the markets. Earnings have come good so far, which has held the Indian markets up, as trade war concerns effect global equities. Berger Paints, Nestle, SAIL, SCI, and Titan are some of the large-cap companies that are set to announce their Q1 results later in the day. 

Global markets: Major Asian markets are trading mixed at present; Nikkei is up 0.24%, Hang Seng is up 0.05%, while Shanghai Composite is trading 0.22% lower.

US Markets: Stocks ended on a mixed note in yesterday’s trading session. The Dow edged down less than a tenth of a percent to 25,326.16, the Nasdaq advanced 1.2% to 7,802.69 and the S&P 500 gained 0.5% to 2,827.22. The rally on the Nasdaq came amid strong gain posted by shares of Apple, which surged 2.9%, in doing so becoming the first US company to reach a $1 trillion capitalization as traders continued to react positively to its earnings and future guidance.

European markets also closed in red yesterday with the FTSE down 1.02%; CAC was down 0.68% while DAX closed 1.52% lower.

FII Data: In yesterday’s trading session FIIs sold 639 crores stock in the cash market whereas DIIs sold 340 crores worth of stock. In the derivative market, FIIs sold 1069 crores of Index futures and bought 3348 crores worth of Index options. In the Stock futures segment, FIIs sold 284 crores worth of stock futures and sold 18 crores stock options

FII View: In yesterday’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 10366 contracts, while in Index Call options they created fresh long positions to the tune of 15594. However, the net positions of FII in the current series remain on the long side, which is indicated by a long short ratio of 1.4x
FIIOI
(in000's)
% Chg% Chg 
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long156(1)321.41.0
Index Short1141035
Index Call Long19411343.81.0
Index Call Short51(5)29
Index Put Long256(0)112.00.7
Index Put Short128(2)50
 
Support / Resistance: IntradayNifty: 11244
S1 – 11220S2-11180
R1-  11320R2 -11400
 
Support / Resistance: IntradayBank Nifty: 27355
S1 – 27200S2-27000
R1 - 27500R2 -27650

Nifty Highest Open Interest:
Call: 11500 / Put: 11000
Bank Nifty Highest Open interest: (9th Aug 2018 Expiry)
Call: 28000 / Put: 27000
Securities in Ban Period: ADANIPOWER

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