FII & PRO Continue To Build Sell Positions In Index Options. Yesterday In Combined Have Sold More Than 60000 Contracts Suggesting Weakness In The Market

Stock Market Today by Shailesh Saraf – 11th July 2019

FII & PRO continue to build sell positions in Index options. Yesterday in combined they have sold more than 60000 contract, suggesting weakness in the market. Nifty after giving one day of retracement from low continues to face resistance at 11625 level which is its previous month low. Yesterday the Index after making a high of 11594 made a low of 11476 and finally settled at 11499.

We expect Nifty to remain weak and to face resistance at 11625 and on lower side it may test 11400 level, as in F&O segment major players of the market are on the sell side and have net open interest of (-356637) contracts in Index options.

Sector Analysis:

In a volatile market, all the major sectors ended in red and Telecom, Films and Carbon were the only sectors in minor which could manage to survive.

The top 5 companies which performed well in negative market were Sakuma Exports (Services) by 10.00%, Birla Cable (Telecom) by 9.43%, Kolte-Patil Developers (Realty) by 8.28%, Surya Roshni (Metals and Mining) by 3.84% and Kalpataru Power Transmission (Power) by 3.74%.

US Data

The US 10 Year T-Note is trading at 127.62. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 96.493.

Open Interest Analysis:

FII & PRO are the major players in the Derivatives segment and have an upper hand in the market and their position provides direction to the market. In the June month expiry, they have started with the position of (-47429) contracts in Index option (both FII & PRO combined) when Nifty spot was trading at 11842.As on last trading day, they have a net position of (-356637). Thus they have sold 309208 contracts in the current July expiry:

Index Options

Index Options

Cash Market Data

In last 10 days, FII and DII in combined have bought stocks in cash segment worth Rs.0.51 Crores.

Cash Market Data

Sector performance as on 10th July,2019

Sector performance as on 10th July,2019

Sector wise Small Cap gainers as on 10th July, 2019

Sector wise Small Cap gainers as on 10th July, 2019

Large Cap Gainers & Losers as on 10th July, 2019

Large Cap Gainers & Losers as on 10th July, 2019

Mid Cap Gainers & Losers as on 10th July, 2019

Mid Cap Gainers & Losers as on 10th July, 2019

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