Nifty awaits RBI monetary policy today

Stock Market Today by Shailesh Saraf – 7th June 2019

Stock Market Today by Shailesh Saraf – 7th June 2016
Indian Market Outlook:

Today the markets would eagerly wait for the RBI policy statement to be announced today at 11:00 AM IST. Analysts expect RBI to keep the Interest Rates unchanged at 6.5% but the key lookout is whether Rajan would accept the extension of his tenure as RBI chief. This would lead to a consolidation phase until the policy announcement. Market would be deciding on its next course post RBI announcements today. SGX Nifty is trading at 8269 at 8:35 am IST. Nifty is expected to open at same levels i.e. a gap up of 38 points.

 

International Market Outlook

Asian Indices rallied, testing 5 week highs on Tuesday morning after FED chair Jennet Yellen in a speech yesterday said US rate hike would indeed be a gradual process not giving any reference to timings. She gave a positive assessment of the US economy and warned on giving too much weightage on one single data referring to the weak payrolls data last week. On the other hand the BREXIT polls, published by the Telegraph UK, that came in yesterday show an inclination of the British people towards exiting the EU. The FED's policy statement due on 15th June and the BREXIT final outcome due on 23rd June would set the market tone going forward.

 

 
Open Interest-FII & Pro Combined Activity
Date FII and Proprietary Combined activity in shares
Index Future Index Options
1 Year Average 705075 1 Year Average 2920650
Total Buy Sell Total Buy Sell
6-Jun-16 11599425 690900   -387225 634200  
3-Jun-16 10908525 362025   -1021425 247500  
2-Jun-16 10546500   226725 -1268925 1166325  
1-Jun-16 10773225   602475 -2435250   224850
31-May-16 11375700 567375   -2210400 1330050  
30-May-16 10808325 622800   -3540450 1557525  
27-May-16 10185525 1695750   -5097975 6186450  
26-May-16 8489775 4315200   -11284425 5176725  
  Total Buy 3109650 Total Buy 10897200

On 26th May FII & Pro combined had a total long position in Index Futures of 8489775 shares which is increased to 11599425 shares as on 6th June, i.e. a total buy of 3109650 shares in current expiry.

Similarly, in Index options, FII and Pro combined have decreased their short positions from 11284425 shares to 387225 shares, i.e. a total buy of 10897200 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 152925 shares long and decreased 975 shares short positions in Index Call option, net buy 153900 shares today. In puts, FII have increased 62550 shares long and increased short positions by 350700 shares, net PUT sell 288150 shares today.

Pro, have increased 160575 shares long and increased short position by 657450 shares, a net sell of 496875 shares in Index Call Option Today. In Puts, Pro has increased long position by 369750 shares and increased short position by 1058775 shares, a net sell of 689025 shares in Put today.

 
FII Derivatives Statistics - NSE
FII DERIVATIVES STATISTICS For 6-June-2016
  BUY SELL OPEN INTEREST AT THE END OF THE DAY Net contracts Net Amt in Crores NSE shows that there is a Net SELL in Nifty Index Options worth Rs.95.63 crores but as per our interpretation it is a Net BUY of Rs.363.80 crores. For details please refer to the table below.
  No. of contracts Amt in Crores No. of contracts Amt in Crores No. of contracts Amt in Crores
INDEX OPTIONS 149855 8633.954 151646 8729.584 948879 57862.49 -1791 -95.6296
 
FII Options Statistics - Dynamic Research
Change in Open Interest today
Shares Call long Call short Net Call Calls sold is SELL in the market
FII 152925 -975 153900
PRO 160575 657450 -496875
Combined 313500 656475 -342975
Shares Put Long Put Short Net Put Puts sold is BUY in the market
FII 62550 350700 -288150
PRO 369750 1058775 -689025
Combined 432300 1409475 -977175
Total Options = NET Call - NET Put 634200
 
FII Index Statistics - Dynamic Research
FII5700-28398539516.59

FII Index Future Open Interest Today
contracts Index Long Index Short Net Index Approx Value (CR)
FII
 
FII & DII Cash Buy/Sell Activity
 
FII & DII Cash Buy/Sell Activity

As on 6th June, for Current Expiry from 27th May, FII have bought Rs.28 crores worth shares along with DII who have sold shares worth Rs.230 crores in the cash segment.

Today, FII have buy equity worth 3115.77 cr and DII sold worth 1342.168 cr.

 
Stocks in Support

Name

ADM

LTP

Support Level

VINATIORGA

16.76

486.5

451.5 : M1

NATIONALUM

1.62

41.75

40.25 : W3

JINDALPOLY

19.38

447.1

446 : W2

SASKEN

16.07

324.4

312 : W2

PERSISTENT

21.42

724.9

706.25 : M2

WONDERLA

10.84

391.5

371 : M2

HERITGFOOD

18.91

507.55

492 : M2

MARKSANS

4.30

42.45

43.05 : M1

MINDACORP

4.97

111.9

110.35 : M1

GSPL

4.72

135

129.35 : W2

 
Shares in Resistance

Name

ADM

Resistance Level

LTP

MOIL

7.87

243.25 : M0

239.95

BLISSGVS

8.70

94.95 : M0

89.9

HERITGFOOD

18.91

514.85 : M0

507.55

MANAPPURAM

1.78

57.9 : M0

55.8

DECCANCE

34.99

813.4 : W3

807.35

SHARDACROP

11.56

386 : W1

382.45

WONDERLA

10.84

393.9 : W1

391.5

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

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