Dalal St Daily 28th October

GLOBAL MARKETS

• Us markets close lower
• Dow Jones is down by point 0.5% or 129 points.
• US futures was up in the morning but when market opened it gave off all the gains
• European markets closed red due to surge in record level covid cases
• European markets down by 1%
• S&P500 VIX is rising amid fresh covid cases and US stimulus optimisim.
• Oil rises on U.S. Gulf shutdowns.
• U.S. Treasury yields down on stimulus deal doubts.
• Dolar Index rose by 0.118 @ 93.148

DOMESTIC MARKETS

• Asian markets have opened lower.
• Nekkei opened 0.45% lower.
• SGX NIFTY has opened 0.4% lower trading at 11850.
• Asian market's are following the global cues
• Indian markets may open flat.
• Though the markets recovered the loss of early trade India VIX was still rising is back @22
• All the fear and volatility is due to US elections.
• Bharthi airtel came out with their results. Which was not quite good.
• Bharti Airtel on Tuesday reported a net loss of ₹763 crore for the quarter ended September 30 even as it posted its highest-ever consolidated quarterly revenue of ₹25,785 crore driven by a rise in data usage
• Even with Tata motors
• Tata motors loss widened YOY to 307 crores. The auto majors total revenue from operations dropped by 18.19 percent to 53,550 cr from 65,431 cr.
• Sectors like banking & financials, automobile, FMCG and pharma stocks witnessed buying interest.
• The market breadth was slightly in favour of declines due to marginal upside in the smallcap index, which gained 0.3 percent, while the midcap index rose 1.22 percent.
• Nifty is still in a range bound market until it breaks the low of 11650 and 11972 range.
• The Bank Nifty outperformed the Nifty, rising 694.05 points, or 2.88 percent, to 24,769.50
• The most important thing to note is there was no or any call writing was seen in the option chain. Markets are expected to rise.
• Axis Bank and Rbl bank is coming out with their results today. We may see some volatility in Banking stocks.
• IT stocks saw some. Long Unwinding among which Infosys was one.
• FII has bough heavily more than 3000 crores. Which is huge positive sign.
• DII didn't sell much compared to FII.
• Markets may kiss 12000 once agin with in this expiry for sure. 

TRADING RANGE

• Nifty may trade between 11680-12015
• Bank Nifty nay trade between 24400-25100

OI ANALYSIS

CALLS


• Maximum Call OI of 44.03 lakh contracts was seen at 12,000 strike
• The highest Call unwinding was seen at 12,500
• There was no call writing was seen in the option chain

Puts

• Maximum Put OI of 42.87 lakh contracts was seen at 11,000 strike
• Put writing was seen at 11,800, which added 10.15 lakh contracts
• Put unwinding was witnessed at 12,000.

FII & DII ACTIVITY

• Foreign institutional investors (FIIs) net bought shares worth Rs 3,514.89 crore,
• domestic institutional investors (DIIs) net sold shares worth Rs 1,570.8 crores

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