EquityCompound2

30th Jun' 2020 (Morning) US closed in green yesterday.  Asian markets are following this morning.  SGX indicates a 70point green start for our markets.  If the start is not sold out, expect a bit of up move. Though, expect volatility.  As mentioned yesterday night, critical levels to be watched and crossed for short covering. 

29th Jun' 2020 (Evening) Nifty and BankNifty, both rose from their intraday lows by 100 and 350 points respectively. Closed at day's high. Futures data is extremely bearish. Continuous sustenance above 10300 and a rise towards 10400 on a sustained basis may trigger a short covering rally.  DII are supporting the market so far, a withdrawal may trigger a sharp fall as well. Market seems to be waiting for a strong trigger on either side. I personally feel the turn maybe southward. lets wait and watch. On the sideways and alert till then. FII sold for 1937 Cr in the cash market today. DII bought again today for 1036 Cr. So net selling was 900 Cr.    FII's opened 4100 new shorts and closed 14000 longs. FII are now net short in the ratio 32:68. DII are also now on the short side.   On the option front FII sold more calls than puts. Almost 2.5 calls for every put sold.    For the weekly expiry, Nifty has the highest OI for PE at 10000 and highest OI for CE i...

29th Jun' 2020 (Morning) US futures seems to have pulled some support.  Asian markets are down and aligning with Friday's fall in US.  SGX is down 40 points.  Expect to see market opening flat or negative and correct to 10200 levels for more support.  European opening will have to be watched closely. 

26th Jun' 2020 (Evening plus weekend) The week saw volatility again. Being the expiry week, anyways it was expected. FII data indicates a bearishness creeping in now. DII also have aligned with this sentiment.  US fall on Friday was spooky and would drive the sentiment of Asian Markets tomorrow. Fresh hike in Corona cases in US have brought in a fear of a slowdown of economic activity and also a possibility of fresh lock downs. However, liquidity injection keeps mitigating this risk. While the overall sentiment remains negative, we will watch for opening trades and global cues tomorrow. As of now, i see a broad range of 10000 and 10500 for Nifty and 20000 to 23000 for Bank Nifty. FII Sold for 763Cr in Cash market. DII bought 1304Cr in cash market. Net buying was  551Cr.  FII's opened 6600 longs and 10400 shorts. They are now net short with a ratio of 42:58. This now gets FII and DII aligned for both being net short.   On the option front FII sold more calls than...

26th Jun' 2020 (Morning) Yesterday the NSE data loaded late, hence i have not analysed the data much. Looking at the close yesterday and the Global Cues coming in today, would look for market moving out on either side beyond yesterdays high or low.  Today's trade and high lows are important for the July series. I feel that the market would enjoy strong support at 10000 and resistance at the Jun series high of 10500. The selling by DII and FII yesterday indicate some loss of strength, however would validate this based on trades today. The Virus continues to keep global markets on alert and India follows.

25th Jun' 2020 (Morning) US closed in red yesterday. Around 2%.  Asian markets are all trading in red.  SGX is 130 pts down.  So the stage is set for a negative start.  Important is what happens through the day.  Being an expiry day, market may give a surprise later in the day, so being cautious is extremely important. 

24th Jun' 2020 (Evening) Selling from DII was expected. Thought it would come in yesterday, but saw that happening today. FII bought in the cash market and Institutional buying was net green. The index still lost heavily. Honestly, i am wondering on who sold then?  The market data suddenly has changed extremely bearish.  Global cues are extremely negative as well. No thoughts for tomorrow.  Would wait to see the Cues coming in tomorrow morning and then decide. FII bought for 1766Cr. DII sold for 1524Cr. The net buying was thus for 242 Cr.   FII's opened 7000 shorts and unwound 9000 longs. This suddenly changed the bias from 55:45 to 49:51 in favor of bears. A huge amount of positions on the stock futures were shed today as well.  On the option front as well, they sold a huge amount of call and bought a huge amount of puts.   For the expiry, Nifty has the highest OI for PE at 10000 and highest OI for CE is at 10500. Call writing was extremely aggre...

24th Jun'2020 (Morning) The US markets closed in green, though they corrected sharply from their intraday highs.  Asian Markets are trading with caution.  SGX is around 35pts down.  As mentioned last evening, do not expect big moves from here, but would expect volatility. Also,  expect caution and be cautious. 

223rd Jun' 2020 (Evening) The market texture is extremely bullish. All sectoral indices were in green today. Nifty surprised me today. I was not expecting it to hit near 10500 so fast. But then, that is the nature of market. The market has reached at its upper band, hence extreme caution is necessary. Though Bank Nifty has some more run way to cover up to 23000. FII playing on the options side now. Was surprised to see DII buying in the cash market today. Though the global Cues are positive, do not feel a big upside from here. Markets up to expiry may be volatile now. Reliance has not participated in the rally for two days now. After seeing the high of 1800, it has been suffering of profit booking. Would be interesting to see if this moves tomorrow.  Banking and IT were the stars today. FII bought for 168 Cr in the cash market today. DII bought for 454Cr.  The net buying was thus for 623 Cr.   FII's opened more shorts (5000) than longs (2000). They have thus come dow...

23rd Jun' 2020 (Morning) US closed in green yesterday.  Asian Markets are mixed this morning.  SGX is indicating a flat start.  Dont think chasing markets now will be a good idea. Expect a consolidation at current level.  Of course also some volatility from hereon.

22nd Jun' 2020 (Evening) As thought yesterday, Markets saw some profit booking by DII's today. FII data is also seemingly peaking out now. The option data suggests some sort of peaking out, though expected to enjoy a strong support at today's lows. The range of the indices seem to be 10200 to 10400 now. While on a safer side the wider range continues to be 10000 to 10500. Bank Nifty seems to be playing between, 21500 to 23000 levels.  The base seems to have shifted to 21000 and seemingly capped at 23000 levels as of now. As always, lets watch the morning action for further cues. FII bought for 424 Cr in the cash market today. As mentioned yesterday, The DII however, booked profits and sold another 1287 Cr in the cash market. The net was thus a selling of 356 Cr.   FII's opened 4000 fresh longs and 1400 fresh shorts. They are now 57% long to 43% short. Substantial long unwinding was also seen for Stock futures. On the option side FII bought more puts than calls and sold ...

22nd Jun' 2020 (Morning) US futures marginally in green as of now. Asian markets are also flat.  SGX is 40 points red at the moment.  So nothing new to add from last evening.  Lets watch the opening trade and guage the mood. 

19th Jun' 2020 (Evening plus weekend) Markets picked up strength after the first fifteen minutes and never looked back. As mentioned on Thursday evening the range of Nifty is bullish and stands between 9700 and 10500. Though for this week it seems to stand between 10000 and 10400 on a closer note. Bank Nifty seems have a range of 20000 to 23000 and around 20500 to 22000 on a closer note. Looking at the week, it started at 9919 and then took support at 9726 to rise back. The same level was retested again and confirmed support. The negative sentiment drove in by the border news seems to have been forgotten by the market and is following global cues now. Friday's low of 10072 seems to be a good support for the week. On the higher side, the rise could face resistance because the DII would book profits now. FII have been net buyers now and have taken bullish positions in the futures, however they seem to be active on the options side now. Upside seems to be capped at 10400-10500 lev...

19th Jun' 2020 (Morning) Nasdaq closed in green yesterday.  Asian markets are flattish.  SGX is flat as well.  With yesterday's momentum, expect the market to consolidate before deciding on the next move.  Wait for the first hour or so, before making decisions. 

18th Jun' 2020 (Evening) Markets opened with caution today, but gained ground through the day. As mentioned this morning and yesterday as well, The second half saw a fantastic rally coming in and the markets closed strong at the days high. US markets are slightly cautious at the moment because of the employment data. Markets have built up a strong momentum and the trading range for the week seems between 9700 and 10500 as of now on Nifty and 19500 to 22000 on Bank nifty. The opening day trade will set the contraction of this band to a more realistic close band. Expecting a strong support at 9700 and  19500 for this week as well. FII bought in the cash market after some time. A buying of 366 Cr by FII and 1131 Cr by the DII lifted the indices in the second half of the day.  FII's opened 500 fresh longs and covered around 4000 shorts. This took them again to a net long status on the Index futures.   Being a weekly Expiry day, the option data is confounded. For the next...

18th Jun'2020 (Morning) Nasdaq closed marginally in green yesterday.  Asian Markets thus morning are soft again. Nikkei leading the sentiment with one percentage down.  SGX indicates a negative opening. It is currently down by 80pts.  Well, expect to see some support coming in at these levels. Still be cautious if Nifty breaks 9700, a steep correction may be seen. 

17th Jun' 2020 (Evening) Markets opened with caution today, but gained ground through the day. in the second half though the banking stocks saw pressure and led to selling. Indices closed near the lower end of the trading range. Indicating caution.  Difficult to indicate for tomorrow, though as of now option data suggests a trading range of 9800 to 1000 for tomorrow. Bank Nifty seems to have a trading range of 19500 to 20500. As usual lets see the opening of the market and global cues coming in for tomorrow morning.  FII again sold 486Cr today, while DII bought 168Cr. Though the selling from FII continues, it has reduced substantially. FII's unwound around 4600 Shorts and opened a small number of longs on futures. Their net status on futures is neutral now.  They wrote both calls and puts almost in equal amounts.   Nifty has the highest OI for PE at 9500 closely followed by 9700 and and highest OI for CE is at 10000 followed by 10200 and 10300. Reasonable call w...

17th Jun' 2020 (Morning) US closed higher last night Asian Markets are trading with caution. Nikkei is tad bit down after its run up yesterday.  SGX indicates a somber start for our markets today.  In absence of any major trigger, markets will consolidate at the current level.  Will have to watch the mood of the market after opening. 

16th Jun' 2020 (Evening) After opening at a strong position today, markets quickly saw some profit booking and started slipping. The Indo China border flare up news came in and markets reacted sharply. Though they quickly recovered. As of now the market has shrugged of the border issue. Though, i feel we need to watch it closely. The markets are clearly following US.  US is positive today as well :-) Retail data has added to the cheer. Market may consolidate at this level with a bias towards global cues. Lets watch them in the morning. Meanwhile, Reliance has been a killer. FII again sold 1478Cr today, while DII bought 1161Cr. So now this is the fifth day in a row, where FII's have been selling. DII have been supporting the market now for 3 days now. After a couple of days, FII's today opened a small amount of longs and also unwound a small number of shorts. So they maintain their status as net short.   Interestingly they sold more calls and bought more calls then puts to...

16th Jun' 2020 (Morning) US covered a lot of ground and closed in green yesterday.  This has lifted the sentiment. All Asian Markets are in green today.  SGX also indicates a start around 200pts above.  The larger question is,  will this sustain and move upwards from here?  Chasing the markets may not be a good idea though. 

15th Jun' 2020 (Evening) Data indicates weakness embedding in the markets.  Markets did see support coming in at 9726 levels. This would be an immediate support for the market. However, if retested, it may be vulnerable.  Similarly, BankNifty saw support coming in at 19740, this would be an immediate support as well.  Lot depends on how US closes today. Will have to pick up morning cues. Though as of now a close range of 19500 and 20500 is playing on BankNifty and a close range of 9700 to 9900 seems to be active on Nifty (However, remember the wider range of 9500 to 10000 and 19000 to 21000) FII and DII net sold 1884Cr in the cash market. FII Sold 2960 Cr however, DII bought for 1076Cr. FII's have been selling now for 4 days in a row. The selling has intensified. The DII did not match enough to support the market. FII unwound a large number of long positions (5875) on futures though they also unwound a small number of shorts (460). This makes their position more negative ...

15th Jun' 2020 Asian markets are running in pressure,  With close to half a percent down.  SGX is 30 pts down. Maybe indicating a moderate start for our markets.  Important is to guage the mood after first hour of trading.  The runup on friday was primarily driven because of the intervention from DII's. 

12th Jun' 2020 (Evening Plus WeekEnd) A change in the FII view seems happening. They are gradually getting more bearish (atleast in short term). The week saw huge volatility of around 800pts. After opening at 10328 levels it saw a min of 9544 and closed at 9958 recovering around 400 pts. The low of 9544 is a strong support for this week and also the month. On the higher side 10150 is where resistance sits for this week. Though on the monthly front 10500 continues to hold the broader range.  Bank Nifty also shows a wider range with 19000 and 22000 as the limits. However, the sentiment of Monday would confirm a narrowing of this range on the lower or higher side.  Reliance-JIO continues to impress investors and gets yet another invest.  Increase in Corona cases in India and abroad keeps investors cautious. Inspite of a sharp move in the second half of Friday. The advance decline was 50% and in favor of index stocks.  FII and DII net bought around 633Cr in the cash merk...

12th Jun' 2020 (Morning) US closed deep in red yesterday.  Asian Markets this morning are down 1-2%. SGX indicates a 200point negative start. The cues yesterday indicated a bearish sentiment setting in. Though it has recovered a bit from yesterday night. Market seems to be very weak. Very difficult day ahead. 

11th Jun' 2020 (Evening) Market responded as expected in the morning. The day saw a continuous decline on the indices. Market saw a good amount of offloading from both DII's and FII's. Led by HDFC twins, Reliance again, supported by ICICI Bank and almost all major Banking stocks (Except IndusInd). The market breadth was extremely negative, indicating a bearish sentiment setting in. FII and DII together sold around 1600 Cr.  FII unwound around 8500 long positions and shorted 5400 fresh positions. The Long exposure of FII is now almost Nil.  Thought the option data is confounded by expiry data today, the option data indicates a bearish sentiment. With more long calls unwound and more short puts unwound.  The highest OI for PE is at 9500 and highest OI for CE is at 10500. Indicating a widening of the band on the lower side for the coming week. Aggressive call writing was seen today between 10000 and 10500, while put writing was biased towards lower side between 9000 and 1000...

11th June' 2020 (Morning) US gave some if its gains yesterday after FED decision. The decision has dented the sentiments and led to a fall in US markets and Asian markets this morning. Asian Markets are lower this morning SGX indicates a flat to negative start.  The opening trade of 1st hour will set the tone for the day.  While the market is bullish over all, some consolidation today seems happening. 

10th June' 2020 (Evening) For a change FII sold today (919Cr) and DII (500Cr) bought today in the Cash Market. FII opened a lot of long positions (6400) and did not short much.  FII bought more calls than puts and sold more puts than calls. The highest OI for PE is at 10000 and highest OI for CE is at 10500 (though 10300 is fairly close).  Heavy put writing happened at 10000 and a lot of call unwinding upto 10300 .  BankNifty continues to have highest Put OI at 20000 and highest Call OI at 22000. There was heavy put writing at 20500 right upto 21000. Most of the Asian markets closed in green today. European markets were trading lower. US opened higher again today. Nasdaq continues to hit all time high. Reliance and HDFC twins supported by most of the banks and finance stocks lifted the sensex. Both may continue their journey tomorrow and look for a strong weekly close tomorrow. as mentioned yesterday, A reversal may completely change the mood tomorrow.  The mood chan...

10th Jun'2020 (Morning) 1. US closed strong yesterday 2. Asian Markets are all postive today.  3. SGX indicates a positive start for our markets. 4. It would be important to watch the sentiments, After Europe opens in the afternoon. 4. The sustainability of the start will have to be seen. Reliance and HDFC together can decide the mood of the market. 

9th June' 2020 (Evening) Time 9:00 pm 1. FII bought 490Cr in the cash market whereas DII sold 733 Crs in the Cash Market. 2. FII took fresh positions and took fresh short positions. 2500 each. No change in the net long position. 3. FII bought slightly more puts than calls and sold slightly more calls then puts. 4. The highest OI for PE is at 9800 and highest OI for CE is at 10500. Though the second highest OI for PE is at 10500. 5. Reasonable call writing happened at 101000 and put unwinding also at 10100. Indicating a slight shift in the range to lower side. 6. BankNifty continues to have highest Put OI at 20000 and highest Call OI at 22000. There was heavy writing at 21000 and put unwinding as well seen at 21000. 7. SBI lost momentum and slipped quite a bit. 8. Asian markets closed on a mixed note today. European markets were trading substantially lower. 9. US opened higher again today. Nasdaq high and Dow low. 10. Some shorts have built up in the later part of the day. Will have...

9th June' 2020 (Morning) 1. US markets ended strong yesterday. 2. SGX indicates a positive opening. Important to see if the markets sustain the opening. 3. Mixed Clues from the Asian markets. 4. Some more consolidation before a move further.

8th June'2020 (PM) (Evening) Time 9:00 pm 1. FII bought 813Cr in the cash market whereas DII sold 1238 Crs in the Cash Market. 2. FII are net long to the tune of 7%, while they unwound 4800 longs and took fresh 1000 shorts. 3. FII bought  lot of puts at the same time they sold a lot of puts as well. 4. DII have been selling for the last 3 days, posing resistance for the index. 5. The highest OI for PE is at 10000 and highest OI for CE is at 10500. Though the second highest OI for PE is at 9800 and a bit of congestion for CE concentrated around the Spot price. 6. Reasonable call writing happened at 10400 and 10000 today. Indicating a close range between 10000 and 10400. 7. BankNifty has highest Put OI at 20000 and highest Call OI at 22000. There was reasonable writing at 21000 and 22000 today. Indicating a close range between 21000 and 22000. 8. Market made an intraday of 9933 on last weekly expiry (4th June). This seems to be an immediate support and a high of 10309 an immediate re...