Asian markets were trading lower. China’s Shanghai Composite was down 0.48% or 9.92 points at 2,068.58.
Japan’s Nikkei was flat at 9,163.77.
Singapore’s Straits Times was down 0.25% or 7.58 points at 3,071.14.
South Korea’s Seoul Composite was down 0.21% or 4.16 points at 1,998.19.
Taiwan’s Taiwan Weighted was down 0.42% or 32.80 points at 7,729.42.
Hong Kong’s Hang Seng was up 0.16% or 32.58 points at 20,690.69.
The US markets snap a four-day rally, pulling back from Fed-fueled multi-year highs, amid fresh geopolitical worries and following a sharp drop in oil prices. Despite the day’s pullback, all three major averages are still up more than 3% for the month.
Dow Jones Industrial Average was down 0.3% or 40.27 points at 13553.1. Nasdaq Composite was down 0.17% or 5.28 points at 3178.67. Standard & Poor’s 500 was down 0.31% or 4.58 points at 1461.19.
In stock specific action Apple crossed USD 700 a share in after-hours trading after closing at a new all-time high after the company said iphone 5 sales set a record over the weekend.
On economic data front, factory activity in New York state contracted for a second month in a row in September, falling to its lowest level in nearly 3-1/2 years as new orders shrank further.
In key data to watch out for in US today, housing market index is expected to rise to 38 in September.
In the currency space, the dollar hovers around 7-month lows against a basket of major currencies. The dollar index was below the 79 mark.
In commodities, Brent crude slipped to USD 111 levels in 3 minutes yesterday. It pares its losses to trade back above USD 114. In the meanwhile the US commodity futures trading commission is looking into the reason for the fall.
From the previous metals space, gold prices slip marginally to USD 1760 levels.
Indian ADRs ended lower on Monday. In the IT space, Wipro was down 0.78% at USD 8.92, Patni was down 0.21% at USD 19.06 and Infosys was up 0.08% at USD 48.19.
In the Banking space, HDFC Bank was down 0.32% at USD 37.02 and ICICI Bank was up 2.38% at USD 39.1. In the Telecom space, Tata Communication was down 1.22% at USD 8.88 and MTNL was down 2.04% at USD 1.44.
In the other space, Sterlite was up 0.13% at USD 7.69, Tata Motors was down 1.61% at USD 25 and Dr Reddys was down 2.83% at USD 30.93.
Market cues:
FIIs net buy USD 522 million in cash market on Sep 14
MFs net sell Rs 202 crore in cash market on Sep 14
As per provisional data of September 17, FIIs were net buyers of Rs 2252 crore in cash market. FIIs were net buyers of Rs 1976 cr in F&O. DIIs were net sellers of Rs 838 cr in cash market.
F&O cues:
Nifty options suggest market range of 5400-5700
Total Puts add 42.4 lakh shares in Open Interest
Total Calls adds 10.3 lakh shares in Open Interest
5800 Call adds 22 lakh shares in Open Interest
5700 Call adds 7.7 lakh shares in Open Interest
5600 Put adds 11 lakh shares in Open Interest
5500 Put adds 9 lakh shares in Open Interest
5600 Call sheds 14 lakh shares in Open Interest
Total Nifty Futures added 12.3 lakh shares in OI
Stock Futures adds 62.2 lakh shares in OI
Nifty PCR rose to 1.1 from 1.03
India VIX closed at 17.78 up by 15.6%
FIIs in F&O on Sep 17
FIIs net buy Rs 1122 cr in Index Futures; Index Futures Open Int contracts up by 21420
FIIs net buy Rs 541 cr in Index Options; Index Options Open Int contracts up by 118440
FIIs net buy Rs 428 cr in Stock Futures; Stock Futures Open Int contracts up by 11715
The US markets ended another session flat in lackluster trade as investors digested a string of mixed economic data and earnings reports. It was a day of extremely anemic volumes. The Dow traded within a 55 point range through the day as bluechips dragged. It was only the Nasdaq that managed to eke out a half percent gain.
Dow Jones Industrial Average was down 0.06% or 7.36 points at 13164.78. Nasdaq Composite was up 0.46% or 13.95 points at 3030.93. Standard & Poor’s 500 was up 0.11% or 1.6 points at 1405.53.
Also better economic data is now raising doubts that the Fed would launch any fresh bond buying programme next month. The CBOE volatility index slid below 15.
On economic data front, consumer prices were flat for a second-straight month in July. Meanwhile US homebuilder sentiment rose in August to its highest level in more than five years. New York Fed Reserve empire state index of manufacturing activity fell unexpectedly into negative territory in August for the first time since last October.
In key data to watch out for in the US today, weekly jobless claims are expected to rise marginally to 365,000. The Philadelphia Fed survey is expected to come in at minus 6.5, after a 12.5 decline last month. Also watch out for
housing starts data.
In the currency space, the dollar firm versus the euro after the US economic data boosted treasury yields and cut expectations of more monetary easing from the Federal Reserve.
In commodities, crude prices gain with Brent above USD 116 levels, the highest level in more than three months following a sharp drawdown in US crude stockpiles.
Indian ADRs ended mixed on Wednesday. In the IT space, Infosys was up 0.56% at USD 41.38, Wipro was up 0.5% at USD 8.05 and Patni was down 1.08% at USD 18.4.
In the Telecom space, MTNL was up 0.5% at USD 1.206 and Tata Communication was up 0.12% at USD 8.33. In the Banking space, ICICI Bank was down 0.49% at USD 34.75 and HDFC Bank was down 0.65% at USD 35.01.
In the other space, Sterlite was up 0.51% at USD 7.95, Dr Reddys was down 0.37% at USD 29.31 and Tata Motors was down 0.91% at USD 20.75.
F&O cues:
Nifty options suggest mkt range of 5300-5500
Total Puts add 5.7 lakh shares in Open Interest
Total Calls add 1.5 lakh shares in Open Interest
Highest OI buildup seen in 5000 Put & 5500 Call
5000 Put adds 1.3 lakh shares in Open Interest
5300 Put adds 10.2 lakh shares in Open Interest
5400 Put adds 5.8 lakh shares in Open Interest
5200 Put sheds 1.5 lakh shares in Open Interest
4900 Put sheds 13.5 lakh shares in Open Interest
5500 Call adds 4.1 lakh shares in Open Interest
5400 Call sheds 6.95 lakh shares in Open Interest
5300 Call sheds 4.2 lakh shares in Open Interest
Total Nifty Futures added 8.3 lakh shares in OI.
Stock Futures adds 50.6 cr shares in OI
Nifty PCR rose to 1.21 from 1.2
India VIX closed at 15.64 down by 2.31%
FIIs in F&O on August 14
FIIs net buy Rs 289 cr in Index Futures; Index Futures Open Int Contracts up by 7560
FIIs net buy Rs 411 cr in Index Options; Index Options Open Int Contracts up by 46491
FIIs net sell Rs 428 cr in Stock Futures; Stock Futures Open Int Contracts up by 7153
Market cues:
FIIs net buy USD 65 million in cash market on August 13
MFs net sell Rs 66 crore in cash market on August 13
As per provisional data of August 14, FIIs were net buyers of Rs 258 cr in cash market. FIIs were net buyers of Rs
160 cr in F&O. DIIs were net buyers of Rs 76 cr in cash market.
FII sells 323 Contracts of Nifty, worth 21.28 cores with net OI increasing by 7909 contracts.
As Nifty Future was down by 5 points and OI has increased by 7909, FII have started shorting the index futures in small quantity. As FII average traded price comes at a weird number of 13179 which shows they are trading in fewer volumes and mostly doing day trading.
Nifty Spot closed at 5320 after making a high of 5330 and low of 5294 ,nifty has closed above 5300 but it has formed lower high and lower lows .As discussed earlier the range of 5350-80 is supply zone, cannot be broken in single attempt. Bulls are trying from past 2 days to close Nifty above 5350 but are failing each time suggesting weakness in price and eventual dip till 5260 can come in next 2 days.
Resistance for Nifty has come up to 5350 and after that 5380 which needs to be watched closely ,Support now exists at 5286 ,Below 5260 gap filling will start till 5216 .Trend is still buy on Dips till 5213 is not broken on closing basis.
Nifty August OI is at 2.43 cores with an addition of 3.7 Lakh in OI, shorts were added by Retailers and HNI.
Total Future and Options turnover was 0.93 lakh Cores with total contract traded at 1.8 lakh.
5400 CE saw an unwinding of 2.5 lakhs and total OI stands at 75 lakhs making immediate ceiling for market, 5500 CE still having highest OI of 85 lakhs, 5300 CE also saw an addition of 1.1 lakhs with total OI now standing at 41 lakhs, 4900-5500 CE saw an unwinding of 2 lakhs in OI suggesting weak bears have unwounded the position as Nifty is unable to close below 5300.
Lying on Put side 5000 PE saw an addition of 1 lakhs, immediate support of Nifty as total OI at 1.05 core.4900-5500 PE added total of 10 lakhs in OI. 5200 PE added 6 lakhs in OI suggesting market participants are not showing nifty closing below 5200 for coming week.
FII bought 83 cores and DII sold 536 cores in cash segment.INR closed at 55.41 Live INR rate @ FII has sold 634 in stock futures namely in SBI and PSU banks.
Nifty Futures Trend deciding level is 5265, Trend Changer at 5266 Nifty Above this Level Bulls will rule Nifty Below this levels Bears have superior hand.
The US markets eased off their session lows but still ended in the red, with the S&P 500 snapping a six-day winning streak, amid fears of a global economic slowdown. The CBOE volatility index fell below 14 to its lowest level in almost five years.
Dow Jones Industrial Average was down 0.29% or 38.52 points at 13169.43. Nasdaq Composite was up 0.05% or 1.66 points at 3022.52. Standard & Poor’s 500 was down 0.13% or 1.76 points at 1404.11.
In key data to watch out for in the US today, the producer price index for the month of July is expected to edge up 0.2%. And retail sales may see a 0.3% growth in July.
In the currency space, the euro holds on to its yesterday gains ahead of the GDP data due from Germany and France.
In commodities, Brent crude prices retreat to USD 113 levels after touching an intraday high of USD 115 levels yesterday.
Indian ADRs ended lower on Monday. In the IT space, Infosys was down 0.93% at USD 41.4, Wipro was down 0.61% at USD 8.1 and Patni was down 0.58% at USD 18.6505.
In the Banking space, ICICI Bank was down 1.52% at USD 34.39 and HDFC Bank was down 0.93% at USD 35.25. In the Telecom space, Tata Communication was down 1.97% at USD 8.42 and MTNL was up 1.33% at USD 1.216.
In the other space, Dr Reddys was down 1.57% at USD 29.41, Tata Motors was down 1.09% at USD 20.81 and Sterlite was up 0.5% at USD 8.09.
F&O cues:
Nifty options suggest market range of 5200-5400
Total Puts add 15.4 lakh shares in Open Interest
Total Calls shed 3.6 lakh shares in Open Interest
Highest OI buildup seen in 5000 Put & 5500 Call
5000 Put sheds 1.75 lakh shares in Open Interest
5500 Call adds 29K shares in Open Interest
5300 Put adds 8.82 lakh shares in Open Interest
5200 Put adds 5.25 lakh shares in Open Interest
4900 Put adds 4 lakh shares in Open Interest
5400 Call sheds 5.95 lakh shares in Open Interest
5300 Call adds 22K shares in Open Interest
Total Nifty Futures added 10.4 lakh shares in OI
Stock Futures adds 1.7 cr shares in OI
Nifty PCR rose to 1.2 from 1.17
India VIX closed at 16.01 down by 0.37%
FIIs in F&O on August 13
FIIs net sell Rs 28 cr in Index Futures; Index Futures Open Int Contracts up by 22065
FIIs net sell Rs 410 cr in Index Options; Index Options Open Int Contracts up by 17193
FIIs net sell Rs 442 cr in Stock Futures; Stock Futures Open Int Contracts up by 5226
The US markets ended narrowly mixed in lackluster trading, with the Dow breaking a four-day winning streak, as investors digested a better-than-expected jobless claims report against waning optimism over the ECB to tackle the region’s debt crisis. Nevertheless, the 5 day rally on the S&P 500 has helped it move nearly 10% higher from the lows of early June.
Dow Jones Industrial Average was down 0.08% or 10.45 points at 13165.19. Nasdaq Composite was up 0.25% or 7.39 points at 3018.64. Standard & Poor’s 500 was up 0.04% or 0.58 points at 1402.8.
On economic data front, weekly jobless claims unexpectedly fell last week, slipping 6,000 to a seasonally adjusted 361,000. Trade deficit narrowed in June as lower oil prices curbed imports. And wholesale inventories in June posted their steepest decline since September.
In key data to watch out for in US today, data may show that export prices declined by 0.1% versus the 1.7% plunge in June. Meanwhile, import prices could see a 0.2% rise for the month of June.
In the currency space, the euro slips below 1.23 to the dollar as traders booked profits on recent gains.
In commodities, crude prices gain with Brent above USD 113 levels lifted by stronger-than-expected economic data in the US and a lower outlook for North Sea Brent production.
From the precious metals, gold prices gain on fresh stimulus hopes in China.
Indian ADRs ended mixed on Thursday. In the IT space, Patni was up 0.79% at USD 18.6, Infosys was up 0.34% at USD 41.59 and Wipro was up 0.25% at USD 8.07.
In the Telecom space, MTNL was up 2.54% at USD 1.21 and Tata Communication was down 1.49% at USD 8.58. In the Banking space, HDFC Bank was up 0.06% at USD 35.32 and ICICI Bank was down 0.4% at USD 34.97.
In the other space, Sterlite was up 3.1% at USD 7.99, Dr Reddys was down 0.73% at USD 29.9 and Tata Motors was down 3.57% at USD 21.34.
F&O cues:
Nifty options suggest market range of 5200-5400
Total Puts add 6.7 lakh shares in Open Interest
Total Calls add 17.6 lakh shares in Open Interest
Highest OI buildup seen in 5000 Put & 5500 Call
5000 Put sheds 94K shares in Open Interest
5500 Call sheds 3.7 lakh shares in Open Interest
5400 Call adds 6.3 lakh shares in Open Interest
5300 Put adds 1.8 lakh shares in Open Interest
5100 Put adds 1.1 lakh shares in Open Interest
Total Nifty Futures added 3.3 lakh shares in OI.
Stock Futures adds 93.3 lakh shares in OI
Nifty PCR fell to 1.15 from 1.17.
India VIX closed at 16.33 down by 0.24%
FIIs in F&O on August 09
FIIs net buy Rs 27 cr in Index Futures; Index Futures Open Int Contracts up by 15419
FIIs net buy Rs 438 cr in Index Options; Index Options Open Int Contracts up by 42998
FIIs net sell Rs 331 cr in Stock Futures; Stock Futures Open Int Contracts up by 24381
* Disclaimer: These recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy and sell securities based on the above information in this column are solely responsible for their actions. The author won't be liable or responsible for any sort of financial and legal loses suffered by the traders.
Asian markets were trading lower. China’s Shanghai Composite was down 0.48% or 9.92 points at 2,068.58.
