EquityCompound2

21st July'2020 (Morning) US markets closed positive.  Asian Markets are positive.  SGX indicates a 90point jump.  Excited to see action.  Levels indicated last evening hold good. 

20th July' 2020 (Evening) Markets opened gap up today and continued laying in narrow range before ending with some marginal gain. As mentioned yesterday, Reliance lost steam, though it made some small gains. The financial stocks seem to be the engines now. HDFC Bank and ICICI Bank made some decent growth today.  Banking ADR's in US, indicating strong momentum. Expect some strong movements on Bank Nifty tomorrow. Expect a range of 10800 to 11200 for Nifty. Bank Nifty has some strong support at 22000 and honestly i expect some wild movements tomorrow. Not sure on what is the upper limit of the range. FII were net buyers for 1709Cr today, while DII were sellers for 1521Cr. A net selling of 188Cr from the institutional side.  FII's positions on futures were kind of neutral. They created 1364 fresh positions and covered 2973 contracts on the indices.    On the option front FII sold more calls and also bought more calls.    For the next week expiry, Nifty has the...

20th July'2020 (Morning) US futures is lower Asian markets are generally trading lower.  SGX indicates a 40 point negative start.  Hold my view from yesterday, however, lets watch if the first hour low is held and high is broken.  Key watch is HDFC Bank and Reliance for an indication towards Nifty. 

17th July' 2020 (Evening plus weekend) Markets picked up some wild movements again. Nifty saw a 370 point movement during the week. Nifty has been riding again after a correction early in the week. 10570 is now a strong support for Nifty. Though immediate support comes in at 10700 levels.  Nifty closed above its 200 day MA. It is now to be seen if this momentum can continue from here. Reliance and HDFC Bank both had a break out on Friday, this helped Nifty break its resistance. For Nifty to ride further, it needs Reliance and HDFC Bank (Bank Nifty in general)to continue the rally from here. I see Reliance riding on low volumes and the OI is also not indicating strength. HDFC Bank has to be seen. It has a strong 200 day resistance at 1120. Also the delivery volumes are stable as of now. Will watch the action tomorrow morning to decide further. Expect to see Nifty playing between 10700 and 11000. While, Bank Nifty range seems to still between 21000 to 23000 levels. FII were net selle...

16th July' 2020 (Morning) The US markets closed in green yesterday. Though on futures they are trading slightly lower this morning.  Asian markets are also subdued because of the caution set in.  SGX is flat and is neutral.  As mentioned yesterday, today is expiry and markets could be volatile.  Will have to see if the selling continues from yesterday.  Range mentioned yesterday, hold. 

15th July' 2020 (Evening) Nifty was supported by Reliance again today, but only till the AGM. Post which it contributed towards its weakness. Nifty saw a high of 10826 and tried to again take off the resistance at this level. But then saw profit booking and corrected till 10578. Picked up support and came over 10600 again.  Nifty still has some weakness left, will have to see if there is followup on selling or the buying that came in towards the end of the day. We will have to watch this tomorrow morning trade. Being expiry i expect volatility tomorrow. Though i expect a closing around 10650-10700. Bank Nifty also has some more weakness. As i mentioned earlier, Expect to see getting some strong support around 21100 level. Expect to see a closing around 21100-21400 levels. (Though a broad range to play, caution is advised). Watch ICICI Bank, if Bank Nifty picks up some momentum. Expect to see some good movement if it closes above 355 tomorrow.  Highlight for Reliance should be ...

Nothing wrutten due to Poor connectivity. 

14th July' 2029(Morning) After starting off well, US markets corrected sharply yesterday.  Asian markets are trading lower than yesterday.  SGX indicates a sober start foe our markets.  Watch for some more correction today.  I feel this would come more on Bank Nifty.  Watch Reliance, if it doesnt support Nifty, some sharp correction may be seen.  Impoetant levels are  Nifty - 10660 (if broken then 10400) Bank Nifty - 21800 ( if broken then 21100)

13th July' 2020 (Evening) The correction today was prevented by Reliance. It supported the tanking index like a rock. Nifty was generally not very strong except Reliance. Bank Nifty on the other hand was very weak.  The shorts built up seem to have built up in Bank Nifty.  While Nifty seems to have picked up support and looking at the global cues coming in, it may make some sharp movement. However, 10700 seem to be providing strong support. I feel 10660 support is really strong for Nifty. On the other hand Bank Nifty seems to be weak till 21800 and if broken may touch 21100 before picking up support. As usual need to watch the global cues coming in tomorrow morning. Once Bank Nifty changes direction, stock to watch would be ICICI Bank. FII bought in the cash market today while DII continued to sell in the cash market. FII's again closed a lot of long positions and turned their positions on futures extremely bearish. These positions seem to be shorted on Bank Nifty. On the opti...

13th July' 2020 (Morning) Asian markets are trading in green as of now. Nikkei leading the lot.  Seems they are trying to catch up with the US markets close on friday. SGX indicates a positive start.  Important to see if this opening is sold out or not.  Would suggest to watch the first hour of trade and then take a position. 

10th July' 2020 (Evening plus weekend) After a long run up, markets seem to be in a phase of some consolidation and correction, While i expected a higher correction on indices, it came more on Bank Nifty and less on Nifty. Reliance continued to hold Nifty. Probably because of its AGM this week and also some inside news of a fresh investment. HDFC Bank and Reliance both seem to be bullish as of now. This maintains a overall bullish texture of the markets. US rally on Friday also support this sentiment. However, a short position on the futures by the FII's indicates some more selling may come in before support emerges. Would this selling continues tomorrow? depends on the global cues as well. Markets are following global cues more than the local macros as of now. Nifty has support at 10660 and if it falls from there, I feel the lowest this market would see is the earlier resistance of 10400. While the markets are struggling to breach 10800 level convincingly, 11000 seems to be th...

6th July' 2020 (Morning) Global cues are positive today. Asian markets are trading well in green.  SGX Nifty indicates a 90point gap up opening.  This means the index will open well above its resistance of 10600. All trading at these levels have to be extremely careful.  If the gap up is not sold out (10700 is also a resistance level), need to watch the day movements carefully. Today's close will provide further guidance. 

03rd July' 2020 (Evening plus weekend) After a six week run up of 1700 points from 8900 to 10600 and continuous rise over last 3 weeks, i feel some correction is required and should be expected.  The data, though, at the moment is not giving any such sign. Rise in corona cases, global geo political situation could become one of the reasons for this correction to happen.  Domestic economic indicators are showing rise in economic activity. Auto sales, Tractor sales are some examples. All activities have to be taken cautiously.  A trading range of 10400-10600 on a close note can be expected, though if broken on either side, a fall towards 10000 or a rise towards 11000 is possible. FII Bought for (857 Cr) for the first time in the week, while DII sold for (331 Cr) the first time in the week. So the net buying was 525Cr. This role reversal was a bit surprising. The FII buying came after 6 sessions and the DII selling came after 5 sessions. At a weekly level, DII bought for mor...

2nd July' 2020 (Morning) Global cues are positive.  SGX indicates a positive start.  Nifty may see some resistance around 10500. Would be surprised if it takes it off today.  Expect the trading range to be 10300-10500. Lets watch the action.  Being expiry day, expect volatiltiy. Do not really feel it would be a trending day. Though if 10500 is taken off, cannot say. 

1st July' 2020 (Evening) FII's are selling in the cash market and going long in futures. They took 4400 fresh long positions and covered 11500 shorts. DII's have been buying and supporting the market strong. The discount on futures reduced because of this. Nifty got a strong support at 10300 for this expiry. At 10200 continues to be its medium term support. On the options front, the band for the current Nifty expiry is 10300 to 10500. Strong put writing was seen at 10300 and 10400 levels. Call unwinding was also seen at the same levels. Similarly, Bank Nifty seems to be playing between, 21000 and 22500. Put writing was seeTn upto 22000 today and call unwinding was seen up to 22000. It was a trending day today. Nifty opened at 10323 and closed at 10418. At the highest levels, a higher volatility was seen, indicating a bit of weakness at this levels. Similarly, Bank Nifty opened at 21354 and closed at 21891 after making a high of 22060.  Asian markets closed mostly in green t...

1st July' 2020 (Morning) Asian markets are trading in green this morning.  US closed in green yesterday.  Domestic cues are neutral.  SGX is indicating there could be a slightly negative start on the index today.  The opening will be at its support level. Expect the market to pick support from here and continue trading in its close range of 10200-10400. However if support is broken, it could see a sharp decline to 10000-10050 levels. 

30th Jun' 2020 (Evening) The indices opened gap up, got sold out, slipped and then got support to rise and close almost at the previous days levels. FII bought some longs today and covered some shorts. Selling by FII has again got intensified in the cash market. DII again supported the market today. As mentioned yesterday, Market waiting to make a big move. Not sure if this comes in before this weeks expiry.  Global Cues supporting the market and macros not in favor of the market. Seems to be a battle between virus and liquidity. Wait to see the US close today and Global Cues coming in tomorrow. Index heavy weights Reliance and HDFC Bank also seem to be exhausted.  FII sold for 2000 Cr in the cash market today. DII bought again today for 2051 Cr. So net buying was 51 Cr.     FII's opened 3280 new longs and covered 2270 shorts. Making them net shot in the ratio 35:65, slightly better than yesterday.    On the option front FII bought a lot of puts. Seems...