Nifty to remain under pressure till it breaks 8037 on the upside

Stock Market Today by Shailesh Saraf – 26th May 2019

Stock Market Today by Shailesh Saraf – 26th May 2016
Indian Market Outlook:

Yesterday, open interest in options showed 4 times buy which is actually the short covering in calls before the May contract's expiry today. EURO zone finance ministers have approved 10 billion dollar bailout fund for the sick Greece economy. The likeliness of FED interest rate hike from 25 bps to 50 bps in the scheduled June 15 FED meeting is increasing which will be further confirmed if 3 month US treasury yield trades above 36 bps. However, the short term trend would be sell only if Small Cap trades below 5055. Nifty is opening 20 points gap up at 7963 from yesterday's close of 7943 at 8:25 am IST.

 

International Market Outlook

Asian Markets along with European and American peers are trading in green Thursday morning. The rally in risk assets came even as investors were preparing themselves for monetary tightening by the U.S. Federal Reserve as early as next month. Investors will be looking to comments by Fed Chair Janet Yellen at a Harvard University event on Friday, though her speech scheduled for June 6, after new U.S. payrolls data comes out, would be even more crucial.

 

 
Open Interest-FII & Pro Combined Activity
 
Open Interest-FII & Pro Combined Activity

On 29th April FII & Pro combined had a total long position in Index Futures of 8582325 shares which is reduced to only 4174575 shares as on 25 May, i.e. a total sell of 4407750 shares in current expiry.

Similarly, in Index options, FII and Pro combined have decreased their short positions from 19668150 shares to 16461150 shares, i.e. a total buy of 3207000 shares in current expiry.

The data indicates a clear sell bias in the markets by FIIs and Proprietary.

 
Change in Options Open Interest Today
 
Change in Options Open Interest Today

Today, FII have increased 1760700 shares long and decreased 2379075 shares short positions in Index Call option, net buy 4139775 shares today. In puts, FII have reduced 574575 shares long and increased short positions by 630450 shares, net PUT sell 1205025 shares today.

Pro, have increased 1281000 shares long and decreased short position by 48639875 shares, a net buy of 6144975 shares in Index Call Option Today. In Puts, Pro has decreased long position by 164025 shares and increased short position by 8254500 shares, a net sell of 8418525 shares in Put today.

 
FII Derivatives statistics - NSE

FII Derivatives statistics - NSE

 
FII Options Statistics - Dynamic Research

FII Options Statistics - Dynamic Research

 
FII Index Statistics - Dynamic Research

FII Index Statistics - Dynamic Research

 
Major Events of the Day
  1. Indian: Important Quarterly results today: FINCABLES, KRBL, MCDOWELL, INDIACEM, TATACHEM, UFO, JETAIRWAYS, SCI, ONGC, POWERGRID, TANLA

.

 
FII Index Future Buy /Sell activity
 
FII & DII Cash Buy/Sell Activity

As on 25th May, for Current Expiry from 29th April FII have sold Rs. 1694 crores worth shares along with DII who have bought shares worth Rs.6565.22 crores in the cash segment.

Today, FII have bought equity worth 495 cr and DII bought worth 337 cr.

 

*Top Price Gainers:

GNFC: State-run GNFC has rallied 55% from Rs 92 TP Rs 140, after the company posted a net profit of Rs 99 crore in Q4FY16 against a net loss of Rs 326 crore in the same quarter last fiscal. Net sales increased by 10% at Rs 1,308 crore as compared to 1,193 crore in the corresponding quarter of previous year. Fertilizer companies have been performing due to expectations of more than average monsoon this year.

  

Top Price Gainers
 

*Top Price Losers:

DCW: DCW declared its result today, stock fell on profit booking. Sales up 21.93% QoQ, Operating profit jumped from 12 Cr to 25 Cr and Net profit increased from .27 Cr to 3.57 Cr. DCW is a chemical share, and has gone up from 19 to 31 giving a return of 63 from recent low.

              

 

Top Price Losers
 

*Top Volume Buzzers:

ESCORTS:Escorts Limited announced an increase in the net profit of 19.6 per cent to Rs 89.4 crore in the fiscal year March 31, 2016 as against Rs 74.7 crore in the previous fiscal. For the quarter ended 31st March 2016, net profit was up by 28.7 per cent at Rs 16.4 crore as against Rs 12.8 crore in the corresponding quarter in the previous fiscal.

Top Volume Buzzers
 
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