12th Aug' 2020 (Evening)

12th Aug' 2020 (Evening) 

  • Markets generally seem strong. 
  • Nifty has support at 11200 and Bank Nifty at 22000. Closing tomorrow seem to be happening above these levels.
  • Markets consolidated today and this is healthy for the markets.
  • SBIN took down its resistance at 200 and closed above it. Led the rally in PSU Banks.
  • Expect to see some short covering tomorrow. 
  • Trading range for Nifty 11200-11500 and for Bank Nifty 22000-23000

1. FII were net buyers for 351.15 Cr today, while DII were sellers for 939.67 Cr. A net selling of -588.52 Cr from the institutional side.
2. FII's unwound 5034 longs and created 10905 shorts on the indices
3. On the option front FII sold 3614 calls and short closed 2252 puts. They also bought 6530 calls and bought 9587 Puts.
4. For this week expiry, Nifty has the highest OI for PE at 11200 followed by 11000 and highest OI for CE is at 11500 followed by 11400. Reasonable Put writing was seen at 11300 and reasonable call writing was seen at 11300 levels.
5. For the next week expiry, Bank Nifty has the highest OI for PE at 22000 followed by 21500 and highest OI for CE is at 22500 followed by 23000. Reasonable Put writing was seen at 22300 and reasonable call writing was seen at 22300 levels. Calls were unwound at 22000 levels.
6. Most of the Asian markets closed in green today and European Markets also closed in green.
7. US Markets have opened higher and running strong. Nasdaq 2.2% up and Dow and S&P up by around 1%.
8. The breadth of the market today was generally strong. 
9. Nifty opened at 11289 and made an intra day high of 11321 and a low of 11243 before closing at 11309 .The range of Nifty for the day was 78 points.
10. Bank Nifty opened at 22135 and made an intra day high of 22324 and a low of 21997 before closing at 22239 .The range of Nifty for the day was 327 points.
11. UD Dollar Index is trading at 93.3 
12. Today was the day for auto and PSU Banks.SBIN and BOB in PSU Banks and Bosch, Motherson and BharatForge for Auto. 
13. India VIX fell 5% to 20.85

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