19th May' 2021 (Evening)

19th May' 2021 (Evening)

  • After a stellar move over the last two days, markets took some breather today. Both Nifty and Bank Nifty made bearish candles on the daily chart. 
  • While the FII turned buyers yesterday, they again sold today in cash market. DII also joined the selling and the institutions turned net sellers and combined sold for 1549 Cr.
  • After the reversing the bearish trend developed in the FnO segment and aggressively covering their shorts, the FnO bets were neutral from FII side. They unwound some longs and shorts, sold more calls and bought more calls than puts.
  • Global cues today were weak, probably due to the FED talk. Inflation remains a concern.
  • US is trading weak as of now and todays close will be important to watch.
  • Crypto turbulence has added to the volatility and stocks with exposure may get affected. So some shake out in global markets. Do not think it should affect our markets directly.
  • Markets today did not see aggressive profit booking and has been consolidating at the current levels. This could be a good symptom for the markets growth, though this is not complimented from the institutional posture in the cash market. This could also be due to the weekly expiry tomorrow.
  • Tomorrow will be an important day. 
  • Nifty has support at 14850 and BankNifty at 33000. Crucial levels to take out are 15150 for Nifty and 34300 for BankNifty. 

1. FII were net sellers for 697 Cr today, while DII were sellers for 852 Cr. A net selling of 1549 Cr from the institutional side.

2. FII's unwound 2135 longs and unwound 4202 shorts on the indices

3. On the option front FII  sold 19728 calls and   sold 528 puts. They also bought 12701 calls and  bought 2569 Puts.

4. For next week expiry, Nifty has the highest OI for PE at 14700 followed by 14900 and highest OI for CE is at 15300 followed by 15100. Highest Put writing was seen at 14850 and highest call writing was seen at 15100 levels.

5. For the next week expiry, Bank Nifty has the highest OI for PE at 33000 followed by 32000 and highest OI for CE is at 34000 followed by 34500. Highest Put writing was seen at 33000 and highest call writing was seen at 34000 levels. 

6. Asian markets closed mixed and european markets closed in red today. 

7. US markets are trading in red

8. The breadth of the market was neutral today.

9. Nifty opened at 15058 and made an intra day high of 15133 and a low of 15008 before closing at 15030 .The range of Nifty for the day was 125 points.

10. Bank Nifty opened at 33717 and made an intra day high of 33959 and a low of 33608 before closing at 33685 .The range of Nifty for the day was 351 points.

11. US Dollar Index is trading at 89.885

12. All important sectors closed in red today, Media and Realty were some sectors in green.

13. India VIX increased to 19.32

14. US 10Y yields are at 1.647

15. Nifty futures saw long unwinding

16. Bank Nifty saw long unwinding


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