Dalal St Daily 5th November

GLOBAL MARKETS

• Golbal markets are positive but filled with uncertainty
• Markets are hughly volatile.
• US markets closed in positive territory
• Down was up by 650 points and it gave of some gains as the markets filled with uncertainty
• NASDAQ outperformed up by 4%
• S&P 500 VIX dropped by 20%
• European markets are stabilizing ahead of US results
• Rupee is gaining
• OIL is down by 1%
• Dollar index futures is trading @ 93.662

DOMESTIC MARKETS

• Asian markets are trading higher
• SGX nifty was up by 250 points yesterday evening to 12160
• But as of now it is trading @ 12060
• Even though FII and DII have not bought much markets are moving higher.
• Even if this is indicating the same this will be huge gap opening for indian markets.
• Markets were volatile as expected.
• Until afternoon markets were normal but when trump announced that he will reach supreme court to stop counting for election Nifty fell 150 points BankNifty fell 600 points but NIFTY recoeverd by 200 points and started breaking intraday highs and closed green and bank NIFTY recovered 750 points.
• Though S&P 500 VIX fell for 20% india VIX didn't fall for 5%also and today we can see that 20% fall.
• SBI bank came out with results which was not bad.
• Reliance has turned and banking & IT stocks are bullish. Taking a bearish is view is not recommended.
• Recent high 12025 is already broken in pre market itself this shows 12000 will be a good support for market. And will be bullish until it takes support for 12000.
• The broader markets were mixed with the Nifty Midcap rising 0.65 percent, while the smallcap index declined 0.12 percent.

TRADING RANGE

• Nifty may trade between 11882-12237
• Bank Nifty may trade between 25400-26150

OI ANALYSIS

CALLS

• Maximum Call open interest of 18.37 lakh contracts was seen at 12,000 strike
• Call writing was seen at 12,000 strike
• Call unwinding was seen at 11,700 strike

PUTS

• Maximum Put open interest of 25.56 lakh contracts was seen at 11,000 strike.
• Put writing was seen at 11,900 strike.
• Put unwinding was witnessed at 11,300 strike

FII & DII ACTIVITY

• Foreign institutional investors (FIIs) net bought shares worth Rs 146.22 crore.
• Domestic institutional investors (DIIs) net sold shares worth Rs 8.13 crore.

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