Markets May Continue Upward Swing On Strong Global Cues Supported By FII & PRO Buying In Index Option

Stock Market Today by Shailesh Saraf – 14th March 2019

Markets may continue its upward swing on strong global cues supported by FII & PRO buying in Index option.

Yesterday Nifty went above 11350, registering a fresh 6-month closing high. The market has been moving in one direction since beginning of the month supported by FII & PRO buying with strong momentum as investors bet on Prime Minister's second term in the upcoming general elections and strong global cues.

Yesterday the Nifty Index rose 40 points or 0.36% to settle at 11342, its highest closing level since 19 September 2018. FII+PRO in combined have bought 310775 contracts in Index Options in the current expiry. Stocks regained strength in mid-morning trade. Key indices hovered in positive zone in early afternoon trade. Key equity indices firmed up once again in afternoon trade. Stocks extended gains in mid-afternoon trade. Indices hit fresh intraday high in late trade.

On higher side Nifty may face resistance at 11465 which is its monthly level. Small cap Index is strongly trading above 6500 level the next weekly level for small cap is 6930.

In the foreign exchange market, the rupee edged higher against the dollar. The rupee was hovering at 69.47, compared with its close of 69.71 during the previous trading session.

Overnight, U.S. markets traded volatile before ending higher as economic reports showed little inflation pressure and rising business investments. S&P 500 climbed around 0.7 percent to reach their best closing levels in four months.

Asian stocks held mostly higher this morning, though Chinese markets slipped ahead of a slew of data due later in the day.

US Data

The US 10 Year T-Note is trading at 122.68. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.623.

Sector Performance as on 13th Mar

Sector Performance as on 13th Mar

Sector wise Small Cap Gainers as on 13th Mar

Sector wise Small Cap Gainers as on 13th Mar

Large Cap Gainers and Losers as on 13th Mar

Large Cap Gainers and Losers as on 13th Mar

Mid cap Gainers and Losers as on 13th Mar

Mid cap Gainers and Losers as on 13th Mar

NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION

Index Options

FII+PRO in combined have bought 310775 contracts in Index Options in the current expiry.

Cash Market Data

Cash Market Data

In last 10 days, FII has bought shares in cash segment worth Rs. 16958.23 Crore.

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