Market Rallied As Cash Market Showed Huge Buying After 4 Weeks Of Losing Streak

Stock Market Today by Shailesh Saraf – 15th May 2019

Nifty yesterday snapped 9-day losing streak and reclaimed 11200 levels supported by cash market buying, Nifty rallied around 74 points by taking support of its 9 week level of 11059 and after making a low of 11109.The Index recovered, however for the markets to move up further. The Index needs to close above 11300 level convincingly, else selling pressure could continue.

U.S. markets rose overnight after President Trump indicated that he would be meeting with Chinese President Xi Jinping at the G20 Summit in Japan late next month.

Asian markets are also trading higher following the positive cues from US markets overnight.

Sector Analysis:

Markets ended higher than its previous close, and therefore most of the sectors rose from their lows to end in green.

Top major sectors which rose from their lows are Banks-Private And Psu (3.48%), Energy-Oil & Gas (2. 54%),Textiles And Apparel (3.16%) and Financial Services (2.97%). Top minor sectors which rose from their lows are Sugar (4.68%), Telecom (4.06%), Gold & Jewellery (3.51%), and Services (3.68%).

Small cap stocks which showed a significant up move are Seamec (5.43%), Creditaccess Grameen (16.04%), Jindal Worldwide (8.71%), Idfc (7.98%), Dcm Shriram (13.13%), Birla Corporation (6.79%).

Top large cap shares which have risen are Bharat Heavy Electricals (6.85%), India bulls Housing Finance (5.76%).

Top mid cap shares which have risen are IIFLHoldings (8.35%), Reliance Infrastructure (6.23%).

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 May month expiry, they have started with the position of (-79551) contracts in Index option (both FII & PRO combined) when Nifty spot was trading at 11642.Till yesterday they had Net Open Interest position of (-151983) contracts for the May expiry. Thus, if we calculate from expiry till yesterday they have created short position, they have sold 72432 contracts in the May month Expiry. However, On 14th May (Yesterday) They Have Bought 35950 Contracts. For further detail check the Open Interest table below.

US Data

The US 10 Year T-Note is trading at 124.38. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 97.328.

Index Options

FII+PRO in combined have created short position of 72432 contracts in the May month expiry.

Index Options

Cash Market Data

In last 10 days, FII and DII in combined have sold stocks in cash segment worth Rs.6952.47 Crores.

Cash Market Data

Sector Performance as on 14th May

Sector Performance as on 14th May

Small Cap Gainers as on 14th May

Small Cap Gainers as on 14th May

Large Cap Gainers & Losers as on 14th May

Large Cap Gainers & Losers as on 14th May

Mid Cap Gainers & Losers as on 14th May

Mid Cap Gainers & Losers as on 14th May

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