Nifty BULLS controlling the markets, BUY at every correction

Stock Market Today by Shailesh Saraf – 3rd June 2019

Stock Market Today by Shailesh Saraf – 3rd June 2016
Indian Market Outlook:

We recommend a buy in Nifty at 8178 with a stop of 8150. The huge buying of FII and PRO in future and options suggests that 8336 are in the cards for Nifty in the coming days. SGX Nifty is trading at 8264 at 8:15 am IST. Nifty share price is expected to open at same levels i.e. a gap up of 20 points.

 

International Market Outlook

Asian shares held steady on Friday as investors wait for U.S. payrolls data that could add to or detract from the case for a Federal Reserve interest rate hike later this month or in July. The data will be followed by a speech from Federal Reserve Chair Janet Yellen on Monday, the last chance for the Fed to communicate with markets before it begins a blackout period ahead of its policy meeting on June 14-15. In recent weeks global markets have been puzzling over what the Fed would do in the near term as relatively upbeat U.S. data have been undermined by a still-sluggish global economy and worries over the risk of Britain exiting the European Union. OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production, though Saudi Arabia's new oil minister promised not to flood the market. Yesterday, the ECB's Governing Council left interest rates unchanged ahead of the launch of a highly-anticipated corporate bond buying program next week, as inflation continues to remain stubbornly low.

 

 
Open Interest-FII & Pro Combined Activity
 
Open Interest-FII & Pro Combined Activity

On 26th May FII & Pro combined had a total long position in Index Futures of 8489775 shares which is increased to 10546500 shares as on 2nd June, i.e. a total buy of 2056725 shares in current expiry.

Similarly, in Index options, FII and Pro combined have decreased their short positions from 11284425 shares to 1268925 shares, i.e. a total buy of 10015500 shares in current expiry.

The data indicates a clear buy bias in the markets by FIIs and Proprietary.

 
Change in Options Open Interest Today
 
Change in Options Open Interest Today

Today, FII have increased 543675 shares long and increased 530775 shares short positions in Index Call option, net buy 12900 shares today. In puts, FII have increased 865800 shares long and increased short positions by 784500 shares, net PUT buy 81300 shares today.

Pro, have decreased 237750 shares long and decreased short position by 1913325 shares, a net buy of 1675575 shares in Index Call Option Today. In Puts, Pro has decreased long position by 748425 shares and decreased short position by 1189275 shares, a net buy of 440850 shares in Put today.

 
FII Derivatives Statistics - NSE

FII Derivatives Statistics - NSE

 
FII Options Statistics - Dynamic Research

FII Options Statistics - Dynamic Research

 
FII Index Statistics - Dynamic Research

FII Index Statistics - Dynamic Research

 
Major Events of the Day
  1. 7th June RBI Policy
  2. 15th June US FED Interest rate decision
  3. June 16th to July 1 Monsoon Session
  4. 23rd June Brexit referendum

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FII & DII Cash Buy/Sell Activity
 
FII & DII Cash Buy/Sell Activity

As on 2nd June, for Current Expiry from 27th May, FII have bought Rs.1502 crores worth shares along with DII who have sold shares worth Rs.819 crores in the cash segment.

Today, FII have buy equity worth 521 cr and DII bought worth 576 cr.

 

*Top Price Gainers:

PRICOL: Automotive manufacturers Pricol recorded a net profit of Rs 22.0663 crore in Jan-March quarter of FY-2015-16, recovering from the loss of Rs 2.4 crore recorded the previous year. For the full year, the company recorded a profit of Rs 43.1974 crore, from a loss of Rs 17.99 crore. Total revenues for the quarter increased by 49.6% from Rs 229.17 crore to Rs 342.8525 crore, compared to the same period the previous fiscal.

  

Top Price Gainers
 

*Top Price Losers:

GMBREW: GMBREW declared bonus in the ratio 1:4 i.e. one share of Rs. 10/- each for every four share of Rs. 10/- each. is engaged in the activities of manufacturing and marketing of Country Liquor (CL). The company is growing steadily and has earned a dedicated customer base. GMBL is the largest manufacturer of country liquor in the state of Maharashtra with 25-30% market share and enjoys virtual monopoly in the district of Mumbai, Palghar and Thane.

Top Price Losers
 

*Top Volume Buzzers:

TINPLATE: Tinplate has hit a 52 week high of 83.1 today. Recent low was 56 Rs from where it has given movement of 48% in 3 months, Net profit has increased from 3.81 Cr to 7.01 cr by 84.21% YoY. Topline and operating profit has not shown much improvement. It has exceptional item of 7.93 cr in its books.

Top Volume Buzzers
 
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