Nifty to Open Gap Up Due to Strong Buying In American Markets

Stock Market Today by Shailesh Saraf – 30th June 2019

Stock Market Today by Shailesh Saraf – 30th June 2016

Indian Market Outlook:

Nifty is expected to open 60 points gap up at 8264, as per SGX at 8:15 am IST. Asian markets have been showing strength even after the Britain votes to exit. The Hangseng and Shanghai have risen 3.69% and 4.5% respectively from Friday's low. The Indian markets are also expected to reflect this strength. The markets have rallied on the back drop of a combined shares buy back worth $26bn by top American banks. The list includes American Express, JPMORGAN CHASE, MORGAN STANELY, BANK OF AMERICA, CITI and GOLDMAN SACHS.

 

International Market Outlook:

The global markets are holding strong even after the BREXIT. The concerns whether the Article 50 would be triggered, which would officially confirm if Britain leaves the EU. Once the U.K. summons Article 50, it will initiate formal negotiations with the European Union to leave the European bloc, a process which is expected to take a minimum of two years. The Emerging market pack has been showing exceptional strength including Nifty. Goldman Sachs, CITI bank, Bank of America and Morgan stanely have announced share buy backs along with a boost in dividends which has pulled the markets upward.

 

Open Interest-FII & Pro Combined Activity
Date FII and Proprietary Combined activity in shares
Index Future Index Options
1 Year Average 705075 1 Year Average 2920650
Total Buy Sell Total Buy Sell
29-Jun-16 6025800 569250 -20789775 5847600
28-Jun-16 5456550 912525 -26637375 1816950
27-Jun-16 6369075 205050 -28454325 65925
24-Jun-16 6574125 1581075 -28520250 9836775
23-Jun-16 8155200 -18683475 2619975
22-Jun-16 7512900 750 329625 -21303450 3384150
21-Jun-16 7842525 912150 -17919300 861150
20-Jun-16 8754675 0 1060650 -17058150 3356025
17-Jun-16 9815325 0 461700 -20414175 848175
16-Jun-16 10277025 883500 -19566000 5721675
15-Jun-16 11160525 719850 -13844325 2077200
14-Jun-16 11880375 1783050 -15921525 6803775
13-Jun-16 13663425 264375 -9117750 5485575
10-Jun-16 13927800 633150 -3632175 3194700
9-Jun-16 13294650 1166100 -437475 4411500
8-Jun-16 12128550 77925 3974025 1316925
7-Jun-16 12206475 607050 5290950 5678175
6-Jun-16 11599425 690900 -387225 634200
3-Jun-16 10908525 362025 -1021425 247500
2-Jun-16 10546500 226725 -1268925 1166325
1-Jun-16 10773225 602475 -2435250 224850
31-May-16 11375700 567375 -2210400 1330050
30-May-16 10808325 622800 -3540450 1557525
27-May-16 10185525 1695750 -5097975 6186450
26-May-16 8489775 4315200 -11284425 5176725
Total Sell -2463975 Total Sell -9505350

On 26th May FII & Pro combined had a total long position in Index Futures of 8489775 shares which is decreased to 6025800 shares as on 29th June, i.e. a total sell of 2463975 shares in current expiry.

Similarly, in Index options, FII and Pro combined have increased their short positions from 11284425 shares to 20789775 shares, i.e. a total sell of 9505350 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 Open Interest today
Shares Call long Call short Net Call Calls BOUGHT is BUY in the market
FII 65025 -348375 413400
PRO 384375 -1103925 1488300
Combined 449400 -1452300 1901700
Shares Call long Call short Net Call Puts SOLD is BUY in the market
FII 420300 837150 -416850
PRO 642975 900900 -257925
Combined 1063275 1738050 -674775
Total Options = NET Call - NET Put 2576475

Today, FII have increased 65025 shares long and decreased 348375 shares short positions in Index Call option, net buy 413400 shares today. In puts, FII have increased 420300 shares long and increased short positions by 837150 shares, net PUT sell 416850 shares today.

Pro, have increased 384375 shares long and decreased short position by 1103925 shares, a net buy of 1488300 shares in Index Call Option Today. In Puts, Pro has increased long position by 642975 shares and increased short position by 900900 shares, a net sell of 257925 shares in Put today.

FII Derivatives Statistics - NSE

FII DERIVATIVES STATISTICS For 14-June-2016
NSE shows that there is a Net BUY in Nifty Index Options worth Rs.686.47 crores but as per our interpretation it is a Net BUY of Rs.681.18 crores. For details please refer to the table below.
BUY SELL OPEN INTEREST AT THE END OF THE DAY Net contracts Net Amt in Crores
No. of contracts Amt in Crores No. of contracts Amt in Crores No. of contracts Amt in Crores
INDEX OPTIONS 448820 26602.384 438430 25915.915 1300638 79204.7779 10390 686.47
FII Options Statistics - Dynamic Research
Change in Open Interest today
Contracts Call long Call short Net Call Approx value (CR) F2 has been net BUYER in call which is BUY for the market
FII 867 -4645 5512 339.17
Contracts Put Long Put Short Net Put Approx value (CR) FII has been net SELLER in put which is BUY for the market
FII 5604 11162 -5558 342
Total -46 681.18
FII Index Statistics - Dynamic Research
FII Index Future Open Interest Today
contracts Index Long Index Short Net Index Approx Value (CR)
FII 12818 1633 11185 683.14
FII & DII Cash Buy/Sell Activity

As on 29th June, for Current Expiry from 27th May, FII have bought Rs.3762.31 crores worth shares along with DII who have sold shares worth Rs.1657.588 crores in the cash segment.

Today, FII have bought equity worth 102.91 cr and DII sold worth 20.19 cr.

Top 10 Support Shares

Name

ADM

LTP

Support Level

DISHMAN

13.91

137.8

140:M3

COSMOFILMS

13.81

327.95

328:M1

JINDALPOLY

19.56

427.8

425:M2

SASKEN

15.89

319.3

312:M2

TVTODAY

12.66

295.65

287:M3

TORNTPOWER

8.21

175.15

170:M8

PRAJIND

4.42

86.3

84:M2

NILKAMAL

56.54

1143.65

1095:M2

NAVINFLUOR

73.86

1989.35

1898:M1

TRIDENT

2.49

49.65

47:M2

Top 10 shares in Volume

Name

ADM

Times of Avg. Daily Volume

LTP

Support Level

GPPL

7.43

4.07

160

160.55 : CWL

PERSISTENT

20.50

0.81

696.60

695 : CWL

BAJAJELEC

7.75

2.75

230.35

221 : CWL

NEULANDLAB

38.24

1.99

873.75

825.1 : CWL

PEL

51.52

1.09

1399.7

1372.1 : CWL

IGARASHI

26.71

0.95

661.05

641 : CWL

MTEDUCARE

7.70

0.86

165.75

160.05 : CWL

NIITTECH

22.21

0.77

496.55

484.25 : CML

RAJESHEXPO

24.41

0.72

430.50

421.05 : W1

AIAENG

30.46

0.64

980.15

969.95 : W1

Major Up Coming Event:
Nil
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