9th June' 2020 (Evening)

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 to see how this unfolds tomorrow morning.

11. Today's fall is primarily driven by Banking and finance coupled with Reliance. A reversal may completely change the mood tomorrow. Banknifty seems weak though. BankNifty respected the resistance mentioned yesterday. A slip further and below the support of 20235 mentioned yesterday could aggravate the selling. 

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