1st Jan'2020 (Evening)

 1st Jan'2020 (Evening)

  • Market saw lower volumes today. FII were probably not playing actively.
  • Buying and selling from FII and DII respectively was lower. In fact DII were net buyers after some time (though very small number).
  • All in all, it was not a full proportion trading day and hence did not indicate much about the start of the new series. Will have to watch the action on 4th Jan for leads.
  • The Jan series though started with an OI of 13.1 Mn on Nifty against the start of Nov series with an OI of 12.7 Mn. Whereas BankNifty started with the same OI of 1.5Mn.
  • FII are 75% long on the indices as of 1st Jan. Above two points at least as of now indicate the bullish stance of FII's.
  • Looking at the Options OI and the charts as well, there seems to be a tug of war at the current level. A small correction will be healthy for the markets. Lets see if this comes for 100-150 points or 350 points to 400 points at some time. Would be happy if we see this tomorrow.
  • BankNifty may also see a proportionate correction before it catches up to achieve its all time high.
  • NiftyMidcap has give a fresh breakout. can be watched.
  • Watch for a follow through buying and a breakout on ITC.
  • Reliance continues to be rangebound. can support Nifty if gives a breakout from the current levels.


1. FII were net buyers for 506 Cr today, while DII were buyers for 69 Cr. A net buying of 575 Cr from the institutional side.

2. FII's unwound -2687 longs and unwound -98 shorts on the indices

3. On the option front FII sold 56519 calls and sold 17320 puts. They also bought 47985 calls and bought 42013 Puts.

4. For next week expiry, Nifty has the highest OI for PE at 14000 followed by 13900 and highest OI for CE is at 14000 followed by 14200. Reasonable Put writing was seen at 14000 and reasonable call writing was seen at 14200 levels.

5. For the next week expiry, Bank Nifty has the highest OI for PE at 31000 followed by 30000 and highest OI for CE is at 31500 followed by 32000. Reasonable Put writing was seen at 31000 and reasonable call writing was seen at 31500 levels. 

6. Most Asian markets were closed on 1st Jan and previous day they closed mixed. Europe was red

7. US markets closed in green.

8. The breadth of the market was positive.

9. Nifty opened at 13996 and made an intra day high of 14049 and a low of 13995 before closing at 14015 .The range of Nifty for the day was 54 points.

10. Bank Nifty opened at 31297 and made an intra day high of 31384 and a low of 31192 before closing at 31212 .The range of Nifty for the day was 192 points.

11. UD Dollar Index was trading at 89.93

12. Market were led by IT and Auto. Banking PSU made a strong move.

13. India VIX dropped to 19.56

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