Markets Trading In A Range, FII & PRO Are Not Creating Any Significant Position On Either Side
From the start of the April month Expiry, FII & PRO are not providing clear direction in the market. Last week they continued the same trend and market traded in a narrow range of 160 points between 11550-11710. From the below table, we can see that FII & PRO are buying one day and creating short on another day. Thus markets are trading in a range. As we are heading towards the election result month, big players (FII & PRO) are not creating any significant position in the market. Thus, until market comes out of this range on either side, we may not see any clear direction in the market.
From the above table, it is clearly visible that from 2nd April, FII & PRO combined bought 52661 contracts but sold 102033 contracts on the very next day. This trend continued this whole week and hence the trend is not clear.
In the last week, the major performing sectors were Realty, Industrial Manufacturing, IT, Infrastructure and it was up by 1.14%, 0.72%, 0.72% and 0.55% respectively. However, the top weekly gainers in Minor sectors were Gold & Jewellery, Carbon, Paper and Packaging and it has risen by 5.59%, 4.51%, 1.79% and 1.44% respectively. In Realty sector, Indiabulls Real Estate was the major gainer with around 23% and Prestige Estates was the second gainer around 7%. Bhansali Engineering Polymers was the top gainer in Industrial Manufacturing sector and has risen by 13.71%. In IT sector, NIIT, 63 Moons Technologies Limited, First source Solutions was the top three gainers and gained by 20.55%, 19.84%, 11.20% respectively. Shankara Building Products was the top performing stock in Infrastructure sector and was up by 16.53%. JK Paper was also the top performing stock and was up by 6.51% in Paper industry. Essel Propack has gained by 7.70% in Packaging Industry.
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 current expiry, they have started with the position of 67472 contracts in Index option (both FII & PRO combined) when Nifty spot was trading at 11570.On 12th April they have created a long position of 11843 contracts and had Net Open Interest position of 7563 contracts in the current expiry.
The US 10 Year T-Note is trading at 123.13. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.477.
Sector Performance as on last week
Small Cap Gainers as on last week
Large Cap Gainers and Losers as on last week
Mid cap Gainers and Losers as on last week
FII+PRO in combined have sold 59909 contracts in the Index options in the current expiry.
Cash Market Data
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1. The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision
2. Past performance is not an indicator of future returns.