14th Jun' 2021 (Evening)

14th Jun' 2021 (Evening)

  • Markets opened on a slightly negative note today. Global cues were somber and our markets opened accordingly. 
  • Strong profit booking was seen on both the indices and a sharp decline of 200 points on Nifty and 600 points on BankNifty was seen. Both indices however found support and recovered to near opening levels, making candles with a long lower shadow. An indication of support at lower levels.
  • Nifty support came in at 15600 and BankNifty at 15380. These could be immediate support for this week expiry on Thursday. These levels should be watched for any breach in the coming sessions.
  • FII sold today for 500Cr and DII bought for 500Cr. The same story of FII selling one day and buying another day was repeated today.
  • On the FnO side though, the FII unwound a good 17962 longs and also created 6406 shorts. This now changes their position on index to 75:25 in favor of longs from the earlier 83:17.
  • On the options front the FII sold equal number of calls and puts. Though they also bought some calls and puts. 
  • The VIX increased today to 14.72. Lets see if this goes up further. I would expect this to go up from here as we approach this week expiry and then, next, we have the last week for this series.
  • US markets are trading with a slight cut today. The FED meeting this week is being looked at and probably traders do not want to enter the announcements with heavy positions.
  • Globally, there is a discussion of some tapering, though the 10Y yields are at a low at the moment, we would wait to watch for Fed speech on Wednesday and the US economic data expected tomorrow.
  • Options data indicates, Nifty at the moment has support at 15600 and BankNifty seems weaker and seems to be supported between 34500 and 35000.
  • Important levels to watch would be todays lows in any case.
  • Nifty is strong above 15500 and BankNifty is weak below 34500 in general.

1. FII were net sellers for 503 Cr today, while DII were buyers for 544 Cr. A net buying of 41 Cr from the institutional side.

2. FII's unwound 17962 longs and created 6406 shorts on the indices

3. On the option front FII  sold 16016 calls and   sold 11220 puts. They also bought 33912 calls and  bought 34627 Puts.

4. For next week expiry, Nifty has the highest OI for PE at 15700 followed by 15500 and highest OI for CE is at 16000 followed by 15800. Highest Put writing was seen at 15700 and highest call writing was seen at 15800 levels.

5. For the next week expiry, Bank Nifty has the highest OI for PE at 34500 followed by 35000 and highest OI for CE is at 35000 followed by 35500. Highest Put writing was seen at 34500 and highest call writing was seen at 34500 levels. 

6. Asian markets closed mixed and Europe also closed mixed

7. US markets trading with Dow in red and Nasdaq in green

8. The breadth of the market was extremely weak

9. Nifty opened at 15791 and made an intra day high of 15823 and a low of 15606 before closing at 15811 .The range of Nifty for the day was 217 points.

10. Bank Nifty opened at 34936 and made an intra day high of 34995 and a low of 34374 before closing at 34950 .The range of Nifty for the day was 621 points.

11. US Dollar Index is trading at 90.453

12. IT, Energy and PSU banks closed in green, else most of the other sectors were in red.

13. India VIX increased to 14.72

14. US 10Y yields are at 1.496

15. Nifty futures saw long unwinding

16. Bank Nifty saw long unwinding


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