BJP set to form government in Karnataka, Markets indicating a flat opening

India Infoline News Service | Mumbai | May 17, 2018 07:57 IST

Volatility in markets is expected to surge during the day as more news will come in with regards to the government formation in Karnataka.

Stock market report with bull and bear
SGX Nifty is currently trading flat up 3 points at 10,767.

Volatility in markets is expected to surge during the day as more news will come in with regards to the government formation in Karnataka.

Bajaj Finserve, Central Bank, Escorts, SRF, and Voltas are some of the large-cap companies set to announce their Q4 results today.

Global markets
Major Asian markets are trading flat, Nikkei is up 0.41%, Hang Seng is down 0.10% while the Shanghai Composite is trading up 0.09% lower.

US Markets: Stocks witnessed a volatile trading session before finally managing to end in the green.

The Dow rose 0.3% to 24,768.93, the Nasdaq advanced 0.6% to 7,398.30 and the S&P 500 ended 0.4% higher at 2,722.46.

Positive result announcements led to the surge on Wall Street, however, traders were cautious due to geopolitical uncertainty after North Korea threatened to cancel a historic meeting between leader Kim Jong Un and President Donald Trump scheduled later next month

European markets managed to close marginally higher yesterday with FTSE ending 0.15% higher, DAX closed 0.26% higher, while the CAC was up 0.20%

FII Data: 
In yesterday’s trading session, FII’s sold 699 crores stock in the cash market whereas DII’s bought 229 crores worth of stock.

In the derivative market, FII’s sold 636 crores of Index futures and bought 2,270 crores worth of Index options.

In the stock futures segment, FII’s sold 397 crores worth of stock futures and sold 21 crores stock options.

FII View:
FII trading activity in yesterday’s session indicates a marginal reduction of long positions, while fresh short positions were added, which is deduced by the fact that FII’s created 3,509 short contracts in Index Futures. Also, they simultaneously created 20,293 long contracts in Index Put options. However, their net position in May series continues to remain long, which is indicated by a long short ratio of 1.4x in Index Futures.

FII

OI(000's)

% Chg

% Chg Since Expiry

Long/Short Ratio

Long/Short Since Expiry

Future Index Long

129

(4)

77

1.4

1.2

Future Index Short

92

4

50

Option Index Call Long

240

0

37

2.7

1.1

Option Index Call Short

90

(3)

25

Option Index Put Long

403

5

46

2.3

0.8

Option Index Put Short

176

(1)

91

Support / Resistance: Intraday
Nifty: 10741

S1 – 10690

S2-10600

R1- 10800

R2 -10950

Support / Resistance: Intraday
Bank Nifty: 26182

S1 – 26000

S2-25800

R1 - 26270

R2 -26500


Nifty Highest Open Interest:
Call: 11000 / Put: 10500
Bank Nifty Highest Open interest: (17th May 2018 Expiry)
Call: 26500 / Put: 26000
Securities in Ban Period: DHFL, JETAIRWAYS, JPASSOCIAT, JUSTDIAL, PCJEWELLER, RCOM WOCKPHARMA


 

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