Dalal St Daily 3rd Nov

GLOBAL MARKET

• US MARKETS ARE UP
• DO WAS UP BY 400 POINTS
• When the market opened it went up by 550 points fell 300 points and again shotup 200 points.
• Baiden is leading and upfront of trump but trump is also majority votes in nany states.
• The dollar index dipped 0.1%
• The Dow and S&P closed higher on Monday with the Nasdaq posting slimmer gains on the eve of the U.S. presidential election, as investors girded for what could be big market swings this week.
• European markets ended up in positive territory by gaining a percent.
• S&P500 vix droped by a percent now at 37.
• NASDAQ did not perform well as tech stocks took a hit.

DOMESTIC MARKETS

• Asian markets are firm ahead of US elections.
• SGX NIFTY has opened 80 points higher trading @11760.
• This indicates a positive head start for our markets.
• India Vix gained a percent to 25. Volatility is incresing.
• ICICI Bank shot up nearly 8%
• RELIANCE fell 150 points by 8%. Due to the dip in Q2 profits.
• Banking and financial stocks saw some bulls coming in.
• Yesterday Bank Nifty shot up 1200 points intraday. At the end HDFC twins joined some hands which pulled Nifty 100 points higher
• From technical view NIFTY is forming a long down wick candles for 2 straight sessions. Which shows bulls are coming at lower levels
• Todays and yesterday's low should  nit be broken for any bearish or start of a down trend.
• Markets are highly volatility. Yesterday NIFTY opened 50 points higher but fell 150 points when the market's opened. And 50 points more in the after noon session. But recovered 200 points breaking todays high.
• Rarely seen Bank Nifty shooting 1200 points on a single trading session.
• The broader markets ended mixed with advance decline ratio favouring bears. The Nifty Midcap index was up 0.4 percent, but Smallcap fell 1.55 percent.
• Straddle premiums were bery high yesterday.
• Today is the event which is going to declare US election results. I think results will be delayed.
• Even in US markets, VIX came down slightly but here, everyday VIX moving higher.
• Markets can rally in the short term if Joe Biden wins.

Trading Range

• Nifty futures may trade between 11483-11854
• Bank NIFTY may trade between 24500-25265

OI ANALYSIS

CALLS

• Maximum Call open interest of 15.55 lakh contracts was seen at 12,500 strike.
• Call writing was seen at 12,500 strike, which added 2.01 lakh contracts.
• Call unwinding was seen at 12,000 strike.

PUTS

• Maximum Put open interest of 26.44 lakh contracts was seen at 11,000 strike.
• Put writing was seen at 11,000 strike.
• Put unwinding was witnessed at 12,000

FII & DII ACTIVITY

• Foreign institutional investors (FIIs) net bought shares worth Rs 740.61 crore
•  domestic institutional investors (DIIs) net sold shares worth Rs 533.97 crore.





Thank you
SHARATH R

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