Nifty BUY trend continues, 8336 on the cards

Stock Market Today by Shailesh Saraf – 31st May 2019

Stock Market Today by Shailesh Saraf – 31st May 2016
Indian Market Outlook:

FII continued their buying spree across all segments in the Indian markets after buying worth Rs.15747 Cr in Index Options, worth Rs.8474 Cr in Index Futures and worth Rs.1095 Cr in the cash segment in last 5 days.

Nifty the Indian benchmark index saw consolidation at 8200 levels after 7720 the low made on Tuesday 24th, the rally of more than 500 points in four trading sessions with the breakout of critical level of 8000 and the huge buying of FII and PRO buy in future and options which suggests that 8336 are in the cards to come.

 

International Market Outlook

The Asian markets continue their rally after trading in green today as well. The US markets were closed yesterday for Memorial Day, has also given a breakout of 2100 levels in future index. Non-farm payroll data which is one of the major data events is on Friday which would bring in further stimulus for the FED rate hike scheduled for the June 15 meeting. Traders would also keenly watch the developments around the BREXIT which is scheduled for the 23rd June. FII Index Future Open Interest for the Week FII Options Open Interest for the Week.

 

 
FII Index Future Open Interest for the Week

FII Index Future Open Interest for the Week

 
FII Options Open Interest for the Week

FII Options Open Interest for the Week

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

On 26th May FII & Pro combined had a total long position in Index Futures of 8489775 shares which is increased to 10808325 shares as on 30th May, i.e. a total buy of 622800 shares in last expiry. For current expiry net buy of 2318550 shares in Index.

Similarly, in Index options, FII and Pro combined have decreased their short positions from 11284425 shares to 3540450 shares, i.e. a total buy of 7743975 shares in current expiry.

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

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

Today, FII have increased 1284375 shares long and increased 71175 shares short positions in Index Call option, net buy 1213200 shares today. In puts, FII have increased 1249200 shares long and increased short positions by 831375 shares, net PUT buy 417825 shares today.

Pro, have increased 294000 shares long and increased short position by 698400 shares, a net sell of 404400 shares in Index Call Option Today. In Puts, Pro has increased long position by 640875 shares and increased short position by 1807425 shares, a net sell of 748725 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. 7th June RBI Policy
  2. 15th June US FED Interest rate decision
  3. June 16th to July 1 Monsoon Session
  4. 23rd June Brexit referendum

.

 
FII Index Future Buy /Sell Activity
 
FII Index Future Buy /Sell Activity

As on 30th May, for Current Expiry from 27th May FII have sold Rs. 835.54 crores worth shares along with DII who have sold shares worth Rs.142 crores in the cash segment.

Today, FII have bought equity worth 355.5 cr and DII sold worth 211 cr.

 

*Top Price Gainers:

Four years after acquiring Fidelity Mutual Fund in March 2012, L&T Finance Holdings is considering selling stake to a foreign partner, with asset size of nearly Rs 26,000 crore.

Pharma firm Granules India has received Establishment Inspection Report from the US health regulator for the inspection done at the company's Jeedimetla plant in Telangana.

  

Top Price Gainers
 

*Top Price Losers:

Most of the stock showed profit booking after their Q4 result announcement.

Meghmani revenue jumped by 15% QoQ were operating profit remain flat with marginal increase of 2.15% QoQ. However annually company net profit jumped by 177% from 43.89 Crs to 82.58 crs in FY15 to FY16 Respectively.

              

 

Top Price Losers
 

*Top Volume Buzzers:

Finolex Cables volume surged on robust Q4 results. Company reported a robust 77% year on year (YoY) growth in net profit at Rs 83 crore, on back of strong operational performance. The company had a profit Rs 47 crore in a year ago quarter.

Pricol FY16 revenue rose by 18.6%, the growth in Revenue was predominantly due to new order wins across business categories.

Top Volume Buzzers
 
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