Wednesday 10 April 2019

SGX Nifty Indicates A Negative Opening For Indian Markets

Posted by suhani varma on Wednesday, April 10, 2019 with No comments



Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 10 Apr  2019, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 10 Apr 2019


--------------------------------------------------------------------------------------------------------

SGX Nifty is trading at 11,714, down 37 points. For today, we expect profit booking in early trade as global cues dominate sentiment, however, expect another leg up in the second half as midcaps join the momentum lead the rally.

On Tuesday, Nifty saw a weak start to the day get reversed in style with bulls revving up the markets from midday for a smart rally, which took the index up almost 115 points from the lows of the day. Banks led from the front with OMCs joining the short covering/value buying as foreign investors turned strong buyers. 

Global market: Asian markets opened in the red led by the Japanese Nikkei after the US stocks ended the day on a weak note. Global growth jitters resurrect as bond yields see pressure with large investors buying fixed income & selling equities. Most market participants would now want more tangible evidence on the trade talks as markets seem top heavy after a superb run this quarter.

US market: US stocks see a correction as pessimism returns on growth outlook with bond yields falling below 2.5%. Oil falls as slower growth hits bullish undertone, while US$ closes flat with bearish momentum. President Trump restarts tariff rhetoric with the EU being the target this time.

FII/DII Data: In yesterday’s trading session FIIs bought 1212cr worth of stock in cash, whereas DIIs sold 689cr worth of stock. In the derivative market, FIIs sold 212cr of Index futures and bought 386cr worth of Index options. In the Stock futures segment, FIIs sold 228cr worth of stock futures and bought 20cr stock options.

FII View: In Index future segment, FIIs index future long/short ratio came down to 2x vs 2.2x for the second day in a row, however, they continue to hold meaningful long positions in comparison to short’s. On the Index option’s front, FII’s created Collar positions i.e they bought 15113 contracts of call options and written 14068 contracts of put options, indicating a bullish stance on the indices.

FIIOI(000's)% Chg% Chg Since ExpiryLong/Short RatioLong/Short Since Expiry
Future Index Long159242.00.9
Future Index Short811218
Option Index Call Long2516242.81.1
Option Index Call Short91(1)13
Option Index Put Long3201311.41.0
Option Index Put Short230728

0 comments:

Post a Comment