EquityCompound2

17th Aug' 2020 (Evening) Markets opened gap up today and as expected it was quickly sold out. Though, support was found at 11145 for Nifty and 21450 for Bank Nifty. Though Friday's low were protected, the highs were also not broken. Markets operated within the Friday range.  Wait to see the action tomorrow for a breakout on either side. I feel the move should be towards higher side. AGR has been hanging on Reliance and a planned lawsuit on HDFC Bank. Maybe one reason for pressure on Nifty and Bank Nifty. As of now markets range bound. The build up of OI indicates a Nifty range of 11200-11400 for aggressive traders and 11000-11500 for safe investors. For Bank Nifty this range plays between 21500-22000 for aggressive investors and for safe investors this range could be 21000 -22500. And i still hold my positions on Bank Nifty and HDFC Bank. :-) 1. FII were net buyers for 332.9 Cr today, while DII were sellers for 717.62 Cr. A net selling of -384.72 Cr from the institut...

  14th Aug' 2020 (Evening) The markets opened positively on Friday. Around 1.30 a sharp fall was observed. Nifty showed a movement of 250 points and Bank Nifty moved 800 points intraday. Markets recovered a bit by the end of the day and Nifty closed 120 points down and Bank Nifty 500 points down on a closing basis. I personally feel this was a knee jerk reaction to global moves. European markets opened lower and US futures also fell marginally. Since our markets are also running high in a sensitive zone, it lead to a profit booking.  DII selling continues as normal and FII did not seel. In fact they are net buyers.  Monday is also the AGR verdict day. However, i feel the news probably is factored into the movements. So it should not be a big event. However, sentimental movements cannot be ruled out. Nifty took support at its 20 day DEMA and Bank Nifty took support at its 50DEMA. I feel the positive sentiment should continue. We will see a confirmation of this tomorrow....

13th Aug' 2020 (Evening)  While Markets opened strong, the early gains in the day were washed out later. Nifty after touching an intraday high of 11359 corrected to 11270 but finally closed at 22230. Similarly, Bank Nifty after touching an intraday high of 22438, finally settled at 22230. The indices continue to be strong and as mentioned this continues to be a buy on dip rally. Nifty enjoys support at 11200 and Bank Nifty at 22000. I have shorted 22500 PE for August expiry and collected a healthy premium of 650 INR per lot. Risk only below 21850. Plan to convert into futures if it falls to that level. Continue to hold HDFC Bank futures. While i expected an exit today (@1080). Hope to get the same in coming week. Bullish on Bank Nifty and wait to see a strong momentum build. 1. FII were net buyers for 416.28 Cr today, while DII were sellers for 763.54 Cr. A net selling of -347.26 Cr from the institutional side. 2. FII's created 4876 longs and covered ...

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...

 12th Aug’ 2020 (Morning) US closed marginally lower after a strong start. Precious metals fell heavily.  Yields higher  Asian markets opening on a cautious note. A bit of risk averseness seen.  Buy on dips still hold  Bank Nifty to be watched. (Holding positions in BankNifty)