Friday 16 November 2018

SGX Nifty Indicates Positive Opening And Regain Momentum

Posted by suhani varma on Friday, November 16, 2018 with No comments

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SGX Nifty is at 10,666, up 44 points. For today, we expect further upside to the index as Nifty attempts to close above 10650 and regain momentum on the upside.

Yesterday, Nifty saw fresh bout of buying in banks & financials as crude sell-off is seeing sharp gains in rupee, which closed @ 2-month high. Foreign investors have turned buyers as valuation comfort have made them buy blue chips aggressively.

Global markets:Asian indices opened flat as markets awaited trade data from China even as the Japanese Nikkei traded in the green. Yesterday, we did see strong value buying in most Asian markets as cheap valuations coupled with sharp fall in oil prices saw most smart investors buy financials & bank stocks. For today, we expect weekend blues to see quiet trade as markets consolidate watching out for more news on Brexit resolution.

US markets:US indices end its 5-day losing streak with over 200 point gains. Pound gets slammed as Brexit woes continue to haunt Britain. Oil prices see a pull back while bond yields see flat trade. US/China trade talks could see sentiment improve on positive reconciliation.

FII/DII Data: In yesterday’s trading session, FIIs bought 2043cr stock in the cash market whereas DIIs sold 165cr worth of stock. In the derivative market, FIIs bought 418 cr of Index futures and bought 2238cr worth of Index options. In the Stock futures segment, FIIs sold 568cr worth of stock futures and bought 212cr worth stock options.

FII View: Bullish positions were created by FIIs in yesterday’s trading session which is deduced by the fact that they created 4746 net long contracts in Index Futures; while simultaneously reducing 8856 long contracts in Index put options.


FIIOI
(in000's)
% Chg% Chg
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long1666890.61.5
Index Short262223
Index Call Long3021843.31.1
Index Call Short92(0)64
Index Put Long418(2)772.10.8
Index Put Short1981112

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