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INSPITE OF HUGE DOWNFALL SEEN IN NIFTY, BANKNIFTY OUTPERFORMANCE FORCED NIFTY TO PERFORM AS WELL, THUS GIVING MORE POSITIVE SIGN FOR MARKET & MADE SOME GOOD REVERSAL IN METALS & PHARMA AS WELL!!

 SGX Nifty indicate a flat to positive opening for the index in India .

US stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.

The Dow Jones Industrial Average fell 117.72 points, or 0.34%, to 34,378.34, the S&P 500 lost 10.54 points, or 0.24%, to 4,350.65 and the Nasdaq Composite dropped 20.28 points, or 0.14%, to 14,465.93.

Asian Markets

Asian indices were trading mixed with Straits Times and Kospi gaining 1 percent each, while Taiwan Weighted and Shanghai Composite are trading flat.

Indian economy to grow at 9.5% this year and 8.5% in 2022: IMF

India’s economy, which contracted by 7.3 percent due to the COVID-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to latest projections released by the International Monetary Fund on Tuesday.

Govt removes restrictions on domestic flight capacity from October 18

Domestic flights will be allowed to operate at full capacity from October 18, the government said in an order issued on October 12.

The decision to ease the norms was taken after reviewing the current air travel demand, the Ministry of Civil Aviation said.

“After review of the current status of Scheduled Domestic Operations viz-a-viz passenger demand for air travel”, it has been decided to “restore the scheduled domestic air operations with effect from 18-10-2021 without any capacity restriction,” the ministry stated.

Results on October 13

Infosys, Wipro, Mindtree, Advik Laboratories, Aditya Birla Money, Morarka Finance, National Standard, Perfect-Octave Media Projects, Plastiblends India, Raghav Productivity Enhancers, SDC Techmedia, Sanathnagar Enterprises, Stratmont Industries, and Unistar Multimedia will release quarterly earnings on October 13.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,901.63, followed by 17,811.37. If the index moves up, the key resistance levels to watch out for are 18,045.43 and 18,098.96.

Nifty Bank

The Nifty Bank rose 227.70 points to close at 38,521.50 on October 12. The important pivot level, which will act as crucial support for the index, is placed at 38,240.87, followed by 37,960.23. On the upside, key resistance levels are placed at 38,705.87 and 38,890.23 levels.

Call option data

Maximum Call open interest of 22.38 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 18500 strike, which holds 17.80 lakh contracts, and 17800 strike, which has accumulated 12.81 lakh contracts.

Call unwinding was seen at 17800 strike, which shed 2.76 lakh contracts, followed by 18400 strike, which shed 81,900 contracts, and 18200 strike which shed 74,050 contracts.

Put option data

Maximum Put open interest of 31.72 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17500 strike, which holds 30.83 lakh contracts, and 17800 strike, which has accumulated 19.98 lakh contracts.

Put writing was seen at 17400 strike, which added 1.42 lakh contracts, followed by 17200 strike which added 92,850 contracts and 17100 strike which added 68,300 contracts.

Put unwinding was seen at 17800 strike, which shed 1.33 lakh contracts, followed by 18100 strike which shed 38,100 contracts, and 18000 strike which shed 37,750 contracts.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 278.32 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 741.22 crore in the Indian equity market on October 12, as per provisional data available on the NSE.

INSPITE OF GAP UP OPENING & GOOD UPMOVE, BOTH NIFTY & BANKNIFTY FAILED TO SUSTAIN AT HIGHER LEVELS & FORCED BOTH INDICES TO CHECK SUPPORT AGAIN!!

NIFTY & BANKNIFTY SUPPORT AT 18100-18050 & 40200-40150.
HOPEFULLY THESE LEVELS MAY SUSTAIN AS WEEKEND AHEAD & WE MAY SEE SOME SHORT COVERING TODAY.

 SGX Nifty indicate a flat to positive opening for the index in India .

US stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.

The Dow Jones Industrial Average fell 117.72 points, or 0.34%, to 34,378.34, the S&P 500 lost 10.54 points, or 0.24%, to 4,350.65 and the Nasdaq Composite dropped 20.28 points, or 0.14%, to 14,465.93.

Asian Markets

Asian indices were trading mixed with Straits Times and Kospi gaining 1 percent each, while Taiwan Weighted and Shanghai Composite are trading flat.

Indian economy to grow at 9.5% this year and 8.5% in 2022: IMF

India’s economy, which contracted by 7.3 percent due to the COVID-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to latest projections released by the International Monetary Fund on Tuesday.

Govt removes restrictions on domestic flight capacity from October 18

Domestic flights will be allowed to operate at full capacity from October 18, the government said in an order issued on October 12.

The decision to ease the norms was taken after reviewing the current air travel demand, the Ministry of Civil Aviation said.

“After review of the current status of Scheduled Domestic Operations viz-a-viz passenger demand for air travel”, it has been decided to “restore the scheduled domestic air operations with effect from 18-10-2021 without any capacity restriction,” the ministry stated.

Results on October 13

Infosys, Wipro, Mindtree, Advik Laboratories, Aditya Birla Money, Morarka Finance, National Standard, Perfect-Octave Media Projects, Plastiblends India, Raghav Productivity Enhancers, SDC Techmedia, Sanathnagar Enterprises, Stratmont Industries, and Unistar Multimedia will release quarterly earnings on October 13.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,901.63, followed by 17,811.37. If the index moves up, the key resistance levels to watch out for are 18,045.43 and 18,098.96.

Nifty Bank

The Nifty Bank rose 227.70 points to close at 38,521.50 on October 12. The important pivot level, which will act as crucial support for the index, is placed at 38,240.87, followed by 37,960.23. On the upside, key resistance levels are placed at 38,705.87 and 38,890.23 levels.

Call option data

Maximum Call open interest of 22.38 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 18500 strike, which holds 17.80 lakh contracts, and 17800 strike, which has accumulated 12.81 lakh contracts.

Call unwinding was seen at 17800 strike, which shed 2.76 lakh contracts, followed by 18400 strike, which shed 81,900 contracts, and 18200 strike which shed 74,050 contracts.

Put option data

Maximum Put open interest of 31.72 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17500 strike, which holds 30.83 lakh contracts, and 17800 strike, which has accumulated 19.98 lakh contracts.

Put writing was seen at 17400 strike, which added 1.42 lakh contracts, followed by 17200 strike which added 92,850 contracts and 17100 strike which added 68,300 contracts.

Put unwinding was seen at 17800 strike, which shed 1.33 lakh contracts, followed by 18100 strike which shed 38,100 contracts, and 18000 strike which shed 37,750 contracts.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 278.32 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 741.22 crore in the Indian equity market on October 12, as per provisional data available on the NSE.

INSPITE OF GREAT MOVEMENT IN LAST FEW DAYS, BOTH NIFTY & BANKNIFTY CORRECTED MUCH IN PREVIOUS 2 SESSIONS.
SINCE MORNING NIFTY SHOWING WEAKNESS AS COMPARED TO BANKNIFTY.
NOW MAJOR SUPPORT OF NIFTY AT 18200-18150, WHEREAS BANKNIFTY FACING RESISTANCE AT 39800-39850 LEVELS.
NIFTY LIKELY TO REVERSE FROM SUPPORT AS ALREADY MUCH CORRECTION DONE & BANKNIFTY LIKELY TO BREACH IT’S RESISTANCE, THUSINDICATING WE MAY WITNESS GOOD UPMOVE POSSIBLE IN SECOND HALF.
IF BOTH FAILS, WE MAY SEE MORE DOWNSIDE TODAY!!

 SGX Nifty indicate a flat to positive opening for the index in India .

US stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.

The Dow Jones Industrial Average fell 117.72 points, or 0.34%, to 34,378.34, the S&P 500 lost 10.54 points, or 0.24%, to 4,350.65 and the Nasdaq Composite dropped 20.28 points, or 0.14%, to 14,465.93.

Asian Markets

Asian indices were trading mixed with Straits Times and Kospi gaining 1 percent each, while Taiwan Weighted and Shanghai Composite are trading flat.

Indian economy to grow at 9.5% this year and 8.5% in 2022: IMF

India’s economy, which contracted by 7.3 percent due to the COVID-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to latest projections released by the International Monetary Fund on Tuesday.

Govt removes restrictions on domestic flight capacity from October 18

Domestic flights will be allowed to operate at full capacity from October 18, the government said in an order issued on October 12.

The decision to ease the norms was taken after reviewing the current air travel demand, the Ministry of Civil Aviation said.

“After review of the current status of Scheduled Domestic Operations viz-a-viz passenger demand for air travel”, it has been decided to “restore the scheduled domestic air operations with effect from 18-10-2021 without any capacity restriction,” the ministry stated.

Results on October 13

Infosys, Wipro, Mindtree, Advik Laboratories, Aditya Birla Money, Morarka Finance, National Standard, Perfect-Octave Media Projects, Plastiblends India, Raghav Productivity Enhancers, SDC Techmedia, Sanathnagar Enterprises, Stratmont Industries, and Unistar Multimedia will release quarterly earnings on October 13.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,901.63, followed by 17,811.37. If the index moves up, the key resistance levels to watch out for are 18,045.43 and 18,098.96.

Nifty Bank

The Nifty Bank rose 227.70 points to close at 38,521.50 on October 12. The important pivot level, which will act as crucial support for the index, is placed at 38,240.87, followed by 37,960.23. On the upside, key resistance levels are placed at 38,705.87 and 38,890.23 levels.

Call option data

Maximum Call open interest of 22.38 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 18500 strike, which holds 17.80 lakh contracts, and 17800 strike, which has accumulated 12.81 lakh contracts.

Call unwinding was seen at 17800 strike, which shed 2.76 lakh contracts, followed by 18400 strike, which shed 81,900 contracts, and 18200 strike which shed 74,050 contracts.

Put option data

Maximum Put open interest of 31.72 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17500 strike, which holds 30.83 lakh contracts, and 17800 strike, which has accumulated 19.98 lakh contracts.

Put writing was seen at 17400 strike, which added 1.42 lakh contracts, followed by 17200 strike which added 92,850 contracts and 17100 strike which added 68,300 contracts.

Put unwinding was seen at 17800 strike, which shed 1.33 lakh contracts, followed by 18100 strike which shed 38,100 contracts, and 18000 strike which shed 37,750 contracts.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 278.32 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 741.22 crore in the Indian equity market on October 12, as per provisional data available on the NSE.

INSPITE OF GAP UP OPENING BANKNIFTY FACING RESISTANCE AT 38000.

TODAY NIFTY OVERPERFORMING BANKNIFTY.
WE MAY SEE GOOD UPMOVE IN BANKNIFTY IN SECOND HALF.

 SGX Nifty indicate a flat to positive opening for the index in India .

US stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.

The Dow Jones Industrial Average fell 117.72 points, or 0.34%, to 34,378.34, the S&P 500 lost 10.54 points, or 0.24%, to 4,350.65 and the Nasdaq Composite dropped 20.28 points, or 0.14%, to 14,465.93.

Asian Markets

Asian indices were trading mixed with Straits Times and Kospi gaining 1 percent each, while Taiwan Weighted and Shanghai Composite are trading flat.

Indian economy to grow at 9.5% this year and 8.5% in 2022: IMF

India’s economy, which contracted by 7.3 percent due to the COVID-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to latest projections released by the International Monetary Fund on Tuesday.

Govt removes restrictions on domestic flight capacity from October 18

Domestic flights will be allowed to operate at full capacity from October 18, the government said in an order issued on October 12.

The decision to ease the norms was taken after reviewing the current air travel demand, the Ministry of Civil Aviation said.

“After review of the current status of Scheduled Domestic Operations viz-a-viz passenger demand for air travel”, it has been decided to “restore the scheduled domestic air operations with effect from 18-10-2021 without any capacity restriction,” the ministry stated.

Results on October 13

Infosys, Wipro, Mindtree, Advik Laboratories, Aditya Birla Money, Morarka Finance, National Standard, Perfect-Octave Media Projects, Plastiblends India, Raghav Productivity Enhancers, SDC Techmedia, Sanathnagar Enterprises, Stratmont Industries, and Unistar Multimedia will release quarterly earnings on October 13.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,901.63, followed by 17,811.37. If the index moves up, the key resistance levels to watch out for are 18,045.43 and 18,098.96.

Nifty Bank

The Nifty Bank rose 227.70 points to close at 38,521.50 on October 12. The important pivot level, which will act as crucial support for the index, is placed at 38,240.87, followed by 37,960.23. On the upside, key resistance levels are placed at 38,705.87 and 38,890.23 levels.

Call option data

Maximum Call open interest of 22.38 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 18500 strike, which holds 17.80 lakh contracts, and 17800 strike, which has accumulated 12.81 lakh contracts.

Call unwinding was seen at 17800 strike, which shed 2.76 lakh contracts, followed by 18400 strike, which shed 81,900 contracts, and 18200 strike which shed 74,050 contracts.

Put option data

Maximum Put open interest of 31.72 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17500 strike, which holds 30.83 lakh contracts, and 17800 strike, which has accumulated 19.98 lakh contracts.

Put writing was seen at 17400 strike, which added 1.42 lakh contracts, followed by 17200 strike which added 92,850 contracts and 17100 strike which added 68,300 contracts.

Put unwinding was seen at 17800 strike, which shed 1.33 lakh contracts, followed by 18100 strike which shed 38,100 contracts, and 18000 strike which shed 37,750 contracts.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 278.32 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 741.22 crore in the Indian equity market on October 12, as per provisional data available on the NSE.

INSPITE OF GAP UP OPENING BANKNIFTY FACING RESISTANCE AT 38000.

TODAY NIFTY OVERPERFORMING BANKNIFTY.
WE MAY SEE GOOD UPMOVE IN BANKNIFTY IN SECOND HALF.

SGX Nifty indicate a weak opening for the index in India.

US stocks ended a choppy session lower on Monday as investors grew nervous ahead of third-quarter earnings reporting season.

The Dow Jones Industrial Average fell 250.19 points, or 0.72%, to 34,496.06, the S&P 500 lost 30.15 points, or 0.69%, to 4,361.19 and the Nasdaq Composite dropped 93.34 points, or 0.64%, to 14,486.20.

Asian Markets

Asian indices were trading weak with Hang Seng, Kospi and Taiwan Weighted down 1 percent each, while Nikkei and Straits Times fall 0.5 percent each.

NSE launches weekly USD-INR futures contracts

The National Stock Exchange (NSE) on Monday introduced weekly futures contracts in the US Dollar-Indian Rupee (USD-INR) currency pair. The first day witnessed participation from 122 trading members, with volumes of 1.43 lakh contracts worth Rs 1,079.6 crore traded at the end of the day in the weekly futures contracts of USD-INR.

“The launch of weekly futures in the US Dollar Indian Rupee currency pair, will only complement the existing currency derivatives product suite and will further help in deepening the market,” as per a release.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,842.7, followed by 17,739.5. If the index moves up, the key resistance levels to watch out for are 18,045.5 and 18,145.1.

Nifty Bank

The Nifty Bank outperformed frontliners, rising 518.50 points or 1.37 percent to 38,293.80 on October 11. The important pivot level, which will act as crucial support for the index, is placed at 37,860.5, followed by 37,427.2. On the upside, key resistance levels are placed at 38,611.2 and 38,928.6 levels.

Call option data

Maximum Call open interest of 21.70 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 18500 strike, which holds 17.56 lakh contracts, and 17800 strike, which has accumulated 15.58 lakh contracts.

Call writing was seen at 18000 strike, which added 2.21 lakh contracts, followed by 18500 strike, which added 1.72 lakh contracts and 18400 strike which added 1.51 lakh contracts.

Call unwinding was seen at 17900 strike, which shed 1.44 lakh contracts, followed by 17500 strike, which shed 79,400 contracts, and 17800 strike which shed 78,400 contracts.

Put option data

Maximum Put open interest of 31.84 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17500 strike, which holds 30.90 lakh contracts, and 17800 strike, which has accumulated 21.31 lakh contracts.

Put writing was seen at 18000 strike, which added 3.28 lakh contracts, followed by 17800 strike which added 2.18 lakh contracts and 17500 strike which added 99,100 contracts.

Put unwinding was seen at 17000 strike, which shed 1.61 lakh contracts, followed by 17100 strike which shed 1.34 lakh contracts, and 17600 strike which shed 28,500 contracts.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 1,303.22 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 373.28 crore in the Indian equity market on October 11, as per provisional data available on the NSE.

INSPITE OF GAP UP OPENING BANKNIFTY FACING RESISTANCE AT 38000.

TODAY NIFTY OVERPERFORMING BANKNIFTY.
WE MAY SEE GOOD UPMOVE IN BANKNIFTY IN SECOND HALF.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,843.07, followed by 17,790.93. If the index moves up, the key resistance levels to watch out for are 17,944.57 and 17,993.93.

Nifty Bank

The Nifty Bank closed at 37,775.25 with gains of 22.05 points on October 8. The important pivot level, which will act as crucial support for the index, is placed at 37,598.0, followed by 37,420.8. On the upside, key resistance levels are placed at 38,028.8 and 38,282.4 levels.

Call option data

Maximum Call open interest of 19.49 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 17800 strike, which holds 16.36 lakh contracts, and 18500 strike, which has accumulated 15.83 lakh contracts.

Call writing was seen at 18200 strike, which added 1.93 lakh contracts, followed by 17900 strike, which added 92,100 contracts and 18300 strike which added 65,900 contracts.

Call unwinding was seen at 18000 strike, which shed 1.6 lakh contracts, followed by 17800 strike, which shed 1.2 lakh contracts, and 17700 strike which shed 98,800 contracts.

Put option data

Maximum Put open interest of 33.46 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17500 strike, which holds 29.91 lakh contracts, and 17800 strike, which has accumulated 19.13 lakh contracts.

Put writing was seen at 17900 strike, which added 3.18 lakh contracts, followed by 18500 strike which added 2.88 lakh contracts and 17100 strike which added 1.86 lakh contracts.

Put unwinding was seen at 17700 strike, which shed 60,400 contracts, followed by 17300 strike which shed 18,400 contracts, and 17000 strike which shed 12,100 contracts.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 64.01 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 168.19 crore in the Indian equity market on October 8, as per provisional data available on the NSE.

INSPITE OF GAP UP OPENING BANKNIFTY FACING RESISTANCE AT 38000.

TODAY NIFTY OVERPERFORMING BANKNIFTY.
WE MAY SEE GOOD UPMOVE IN BANKNIFTY IN SECOND HALF.

SGX Nifty indicate a positive opening for the index in India.

World equity markets rebounded on October 7 after United States Senate leaders moved to avert a US debt default, while a global easing in energy prices tempered deepening fears of “stagflation.”

The Dow Jones Industrial Average gained 0.98 percent, the S&P 500 rose 0.83 percent and the Nasdaq Composite moved up 1.05 percent.

Asian Markets

Asian shares rose on October 8 as Chinese shares returned from a one week holiday upbeat, tracking a global rally, while investors also eyed key US jobs data for any fresh insight into the timing of Federal Reserve tapering.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after rallying 2.1 percent the day before, its biggest daily gain since August. Japan’s Nikkei index advanced 1.8 percent.

RBI Monetary Policy | Central Bank to take a call on interest rate decision 

The RBI monetary policy committee (MPC) is more likely to vote for holding the policy repo rate steady at 4 percent, notwithstanding rising inflationary pressures in the economy and the depreciation of the rupee.

The MPC is likely to remain on a pause mode on Friday as it awaits more cues from the growth-inflation front. The general consensus among economists is that the stance will remain ‘accommodative’.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,750.2, followed by 17,710.1. If the index moves up, the key resistance levels to watch out for are 17,844 and 17,897.7.

Nifty Bank

The Nifty Bank rose 231.60 points to 37,753.20 on October 7. The important pivot level, which will act as crucial support for the index, is placed at 37,627.73, followed by 37,502.27. On the upside, key resistance levels are placed at 37,901.14 and 38,049.07 levels.

Call option data

Maximum Call open interest of 21.09 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 17800 strike, which holds 17.56 lakh contracts, and 18500 strike, which has accumulated 15.17 lakh contracts.

Call writing was seen at 17800 strike, which added 1.16 lakh contracts, followed by 18300 strike, which added 70,250 contracts and 17900 strike which added 49,100 contracts.

Call unwinding was seen at 17700 strike, which shed 2.62 lakh contracts, followed by 17600 strike, which shed 1.81 lakh contracts, and 18200 strike which shed 80,500 contracts.

Put option data

Maximum Put open interest of 33.58 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17500 strike, which holds 28.72 lakh contracts, and 17800 strike, which has accumulated 18.29 lakh contracts.

Put writing was seen at 17800 strike, which added 5.26 lakh contracts, followed by 18500 strike which added 1.99 lakh contracts and 17600 strike which added 1.14 lakh contracts.

Put unwinding was seen at 17300 strike, which shed 2.23 lakh contracts, followed by 18000 strike which shed 1 lakh contracts, and 17200 strike which shed 47,200 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,764.25 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 2,528.64 crore in the Indian equity market on October 7, as per provisional data available on the NSE

INSPITE OF GAP UP OPENING BANKNIFTY FACING RESISTANCE AT 38000.

TODAY NIFTY OVERPERFORMING BANKNIFTY.
WE MAY SEE GOOD UPMOVE IN BANKNIFTY IN SECOND HALF.

SGX Nifty indicate a gap-up opening for the index in India .

Soaring energy prices retreated and stocks on Wall Street rebounded on Wednesday after the top US Senate Republican backed an extension of the U.S. debt ceiling and Russia calmed volatile natural gas markets in Europe.

The Dow Jones Industrial Average rose 0.3%, the S&P 500 gained 0.41% and the Nasdaq Composite added 0.47%.

Asian Markets

Shares in Asia-Pacific rose in Thursday morning trade, with Hong Kong stocks leading gains. The Nikkei 225 in Japan rose 1.43% while the Topix index climbed 0.66%. South Korea’s Kospi advanced 1.09%.

Moody’s changes rating outlook of 9 Indian banks to stable from negative

Global ratings agency Moody’s on October 6 changed the rating outlook of nine Indian banks to “stable” from “negative”. These lenders include Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, Export-Import Bank of India, State Bank of India (SBI) and Union Bank of India.

Also, the list includes Hero Fincorp, Housing and Urban Development Corp, Indian Railway Finance Corporation Limited , Indian Renewable Energy Development Agency Ltd., Power Finance Corporation Limited (PFC) and REC Limited (REC).

“The decision to change the outlook to stable reflects Moody’s view that the downside risks from negative feedback between the real economy and financial system are receding,” Moody’s said in a report on October 5.

Govt may allow 20% foreign investment in LIC public issue

The government is weighing a proposal to allow foreign investors to take up as much as 20 percent stake in Life Insurance Corporation of India (LIC) when it will go public. The listing is expected to fetch anything between Rs 400 billion and Rs 1 trillion from the dilution of 5-10 percent state holding in LIC. The government is looking at a valuation of Rs 8-10 trillion for the insurance behemoth.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,544.6, followed by 17,443.2. If the index moves up, the key resistance levels to watch out for are 17,816 and 17,986.

Nifty Bank

The Nifty Bank slipped 219.40 points to close at 37,521.60 on October 6. The important pivot level, which will act as crucial support for the index, is placed at 37,280.1, followed by 37,038.6. On the upside, key resistance levels are placed at 37,935 and 38,348.4 levels.

Call option data

Maximum Call open interest of 21.87 lakh contracts was seen at 18,000 strike, which will act as a crucial resistance level in the October series.

This is followed by 17,800 strike, which holds 16.40 lakh contracts, and 18,500 strike, which has accumulated 15.37 lakh contracts.

Call writing was seen at 17,800 strike, which added 3.61 lakh contracts, followed by 17,700 strike, which added 2.12 lakh contracts and 18,200 strike which added 1.18 lakh contracts.

Call unwinding was seen at 18,000 strike, which shed 72,600 contracts, followed by 18,300 strike, which shed 34,400 contracts, and 17,500 strike which shed 10,950 contracts.

Put option data

Maximum Put open interest of 33.55 lakh contracts was seen at 17,000 strike, which will act as a crucial support level in the October series.

This is followed by 17,500 strike, which holds 27.62 lakh contracts, and 172,00 strike, which has accumulated 15.55 lakh contracts.

Put writing was seen at 17,800 strike, which added 2.91 lakh contracts, followed by 17,700 strike which added 2.81 lakh contracts and 17,200 strike which added 1.28 lakh contracts.

Put unwinding was seen at 18,000 strike, which shed 35,900 contracts, followed by 17,600 strike which shed 21,200 contracts, and 18,400 strike which shed 1,800 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 802.81 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 998.69 crore in the Indian equity market on October 6, as per provisional data available on the NSE.

SGX Nifty indicate a gap-down opening for the index in India .

The dollar eased and a gauge of global equity markets fell on Monday as investors worried about the potential for renewed U.S.-China trade tensions, stalled talks in Congress and rising inflation as oil prices surged to multi-year highs.

The Dow Jones Industrial Average fell 0.94% to 34,002.92, the S&P 500 lost 1.30% to 4,300.46 and the Nasdaq Composite dropped 2.14% to 14,255.49 as investors dumped Big Tech stocks in the face of rising Treasury yields.

Asian Markets

Japanese shares tumbled to one-month low on Tuesday as spikes in oil prices stoked further worries about inflation and monetary tightening globally.

Nikkei share average fell 2.97% to 27,602.33, piercing below 27,865, its 76.4% retracement of its rally from late August to September, with next support at 26,954, its August 20 low.

Home sales surge 92% in Q3, office space demand grows in sync: Knight Frank report

Home sales have recorded a 92 percent growth in volume over the last one year with 64,010 units being delivered in the third quarter of 2021, according to an agency study.

Hyderabad and Kolkata have seen the strongest recovery to the pre-COVID levels in terms of sales as well as launches, the report by Knight Frank India said.

Dollar drifts below one-year high as payrolls test looms large

The US dollar drifted below a one-year high versus major peers on Tuesday as traders waited on key US payrolls data at the end of the week for clues on the timing of a tapering of Federal Reserve stimulus and the start of interest rate hikes.

The US dollar index was about flat at 93.845, easing back slightly since peaking Thursday at 94.504, its highest since late September 2020.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,598.03, followed by 17,504.87. If the index moves up, the key resistance levels to watch out for are 17,767.63 and 17,844.07.

Nifty Bank

The Nifty Bank also joined the party, rising 353.80 points or 0.95 percent to 37,579.70 on October 4. The important pivot level, which will act as crucial support for the index, is placed at 37,399.9, followed by 37,220.2. On the upside, key resistance levels are placed at 37,715.0 and 37,850.4 levels.

Call option data

Maximum Call open interest of 21.87 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 18500 strike, which holds 14.51 lakh contracts, and 17700 strike, which has accumulated 11.49 lakh contracts.

Call writing was seen at 18000 strike, which added 2.3 lakh contracts, followed by 18500 strike, which added 2.09 lakh contracts and 17700 strike which added 1.83 lakh contracts.

Call unwinding was seen at 17500 strike, which shed 1.26 lakh contracts, followed by 17600 strike, which shed 20,900 contracts, and 17300 strike which shed 15,300 contracts.

Put option data

Maximum Put open interest of 33.11 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17500 strike, which holds 25.51 lakh contracts, and 17200 strike, which has accumulated 14.12 lakh contracts.

Put writing was seen at 17000 strike, which added 3.2 lakh contracts, followed by 17600 strike which added 2.9 lakh contracts and 17400 strike which added 1.48 lakh contracts.

Put unwinding was seen at 17900 strike, which shed 23,800 contracts, followed by 18100 strike which shed 6,700 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 860.50 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 228.06 crore in the Indian equity market on October 4, as per provisional data available on the NSE.

SGX Nifty indicate a gap-down opening for the index in India.

Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wracked by concerns over COVID-19, inflation fears and budget wrangling in Washington.

The Dow Jones Industrial Average fell 546.8 points, or 1.59%, to 33,843.92, the S&P 500 lost 51.92 points, or 1.19%, to 4,307.54 and the Nasdaq Composite dropped 63.86 points, or 0.44%, to 14,448.58.

Asian Markets

Shares in Asia-Pacific slipped in Friday morning trade following an overnight drop on Wall Street. Australian stocks led losses regionally, with the S&P/ASX 200 falling 2.23%. In Japan, the Nikkei 225 fell 1.41% while the Topix index shed 1.8%.

Foreign exchange reserves rise $34.1 billion in June quarter: RBI data

The country’s foreign exchange reserves in nominal terms, including valuation effects, increased by $34.1 billion during the June quarter compared to $27.9 billion in the year-ago period, RBI data showed on Thursday.

The valuation gain, reflecting the depreciation of the US dollar against major currencies and increase in gold prices, amounted to $2.2 billion during the April-June 2021 period. In the year-ago period, the same was at $8 billion

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,554.93, followed by 17,491.67. If the index moves up, the key resistance levels to watch out for are 17,711.83 and 17,805.46.

Nifty Bank

The Nifty Bank extended losses, falling 317.90 points to 37,425.10 on September 30. The important pivot level, which will act as crucial support for the index, is placed at 37,224.56, followed by 37,024.03. On the upside, key resistance levels are placed at 37,755.26 and 38,085.43 levels.

Call option data

Maximum Call open interest of 55.05 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the October series.

This is followed by 17700 strike, which holds 53 lakh contracts, and 17900 strike, which has accumulated 35.85 lakh contracts.

Call writing was seen at 17700 strike, which added 13 lakh contracts, followed by 17600 strike, which added 4.93 lakh contracts.

Call unwinding was seen at 18000 strike, which shed 39.77 lakh contracts, followed by 17900 strike, which shed 32.81 lakh contracts, and 17800 strike which shed 26.48 lakh contracts.

Put option data

Maximum Put open interest of 43.85 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the October series.

This is followed by 17600 strike, which holds 42.79 lakh contracts, and 17500 strike, which has accumulated 30.69 lakh contracts.

There was hardly any Put writing seen on expiry day.

Put unwinding was seen at 17700 strike, which shed 19.53 lakh contracts, followed by 17000 strike which shed 15.53 lakh contracts, and 17800 strike which shed 14.29 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 2,225.60 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 97.18 crore in the Indian equity market on September 30, as per provisional data available on the NSE.

SGX Nifty indicate a negative opening for the index in India.

Gains in defensive shares and Boeing helped the Dow and the S&P 500 index recover some lost ground on Wednesday after concerns over inflation and rising Treasury yields sparked one of Wall Street’s worst selloffs this year.

The Dow Jones Industrial Average was up 102.30 points, or 0.30%, at 34,402.29, the S&P 500 was up 6.90 points, or 0.16%, at 4,359.53, and the Nasdaq Composite was down 37.51 points, or 0.26%, at 14,509.17.

Asian Markets

Shares in Asia-Pacific traded mixed on Thursday morning as investors reacted to the release of Chinese factory activity data for September.

Nikkei 225 slipped 0.67%, while the Topix index declined 0.65%. South Korea’s Kospi dipped 0.17%.

India projected to receive cross border real estate investment of $2.5 billion in 2022: Knight Frank

India is among key markets globally with cross border real estate investment projections of $2.5 billion in the year 2022, Knight Frank’s Active Capital report 2021 has said. US, UK, Germany, France, and the Netherlands are forecast to be top destinations for cross border real estate investment in 2022.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,619.07, followed by 17,526.83. If the index moves up, the key resistance levels to watch out for are 17,792.67 and 17,874.04.

Nifty Bank

The Nifty Bank slipped 202 points to 37,743 on September 29. The important pivot level, which will act as crucial support for the index, is placed at 37,434.94, followed by 37,126.87. On the upside, key resistance levels are placed at 37,987.23 and 38,231.46 levels.

Call option data

Maximum Call open interest of 94.94 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the September series.

This is followed by 17900 strike, which holds 68.44 lakh contracts, and 17800 strike, which has accumulated 60.53 lakh contracts.

Call writing was seen at 18000 strike, which added 15.12 lakh contracts, followed by 17800 strike, which added 12.69 lakh contracts and 17700 strike which added 12.13 lakh contracts.

Call unwinding was seen at 18100 strike, which shed 4.38 lakh contracts, followed by 18500 strike, which shed 3.38 lakh contracts, and 18400 strike which shed 1.29 lakh contracts.

Put option data

Maximum Put open interest of 59.83 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the September series.

This is followed by 17600 strike, which holds 47.92 lakh contracts, and 17500 strike, which has accumulated 46.92 lakh contracts.

Put writing was seen at 17600 strike, which added 13.34 lakh contracts, followed by 17000 strike which added 9.51 lakh contracts, and 17400 strike which added 6.01 lakh contracts.

Put unwinding was seen at 17100 strike, which shed 1.62 lakh contracts, followed by 17300 strike which shed 1.42 lakh contracts, and 17900 strike which shed 1.24 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,896.02 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 3,262.16 crore in the Indian equity market on September 29, as per provisional data available on the NSE.

SGX Nifty indicate a negative opening for the index in India .

Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising US Treasury yields, deepening concerns over persistent inflation, and contentious debt ceiling negotiations in Washington.

The Dow Jones Industrial Average fell 569.38 points, or 1.63%, to 34,299.99; the S&P 500 lost 90.48 points, or 2.04%, at 4,352.63; and the Nasdaq Composite dropped 423.29 points, or 2.83%, to 14,546.68.

Asian Markets

Asia-Pacific stocks fell in Wednesday morning trade following an overnight tumble on Wall Street, with the Nasdaq Composite plunging nearly 3% as bond yields rise.

In Japan, the Nikkei 225 slipped 2.41% while the Topix index dropped 2.5%. South Korea’s Kospi declined 1.85%.

Dollar hits 10-1/2-month high

The US dollar climbed to its highest level in more than 10 months on Tuesday, while other major G10 currencies weakened, as a rise in US Treasury yields made the greenback more attractive to investors. The US dollar index hit its highest level since early November and was last up 0.4% at 93.750 .

SEBI board clears gold exchange framework, revises norms for RPTs, superior voting rights, delisting and M&A

The board of the markets regulator Securities and Exchange Board of India (SEBI) took a number of key decisions including detailing a framework for spot gold trading, tightening norms for related party transactions, easing rules for issuance of shares with superior voting rights in tech companies and delisting norms.

Future Group gets NCLT nod to hold meetings for sale of assets to Reliance

The Mumbai Bench of the National Company Law Tribunal (NCLT) on September 28 passed an order, inter-alia, allowing the Future Group permission to meet with its shareholders and creditors for the purpose of seeking approval for the sale of its assets to Reliance Retail Ltd.

The NCLT rejected the intervention application filed by Amazon on the Reliance-Future deal. “The order was pronounced in open court today and a copy thereof is awaited,” the Future Group said in a statement.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,578.87, followed by 17,409.13. If the index moves up, the key resistance levels to watch out for are 17,915.57 and 18,082.54.

Nifty Bank

The Nifty Bank declined 226.30 points to close at 37,945 on September 28. The important pivot level, which will act as crucial support for the index, is placed at 37,381.07, followed by 36,817.13. On the upside, key resistance levels are placed at 38,443.07 and 38,941.13 levels.

Call option data

Maximum Call open interest of 79.82 lakh contracts was seen at 18,000 strike, which will act as a crucial resistance level in the September series.

This is followed by 17,900 strike, which holds 66.54 lakh contracts, and 18,500 strike, which has accumulated 60.38 lakh contracts.

Call writing was seen at 17,800 strike, which added 22.21 lakh contracts, followed by 17,900 strike, which added 17.08 lakh contracts and 17,700 strike which added 15.56 lakh contracts.

Call unwinding was seen at 18,400 strike, which shed 1.3 lakh contracts, followed by 17,400 strike, which shed 98,050 contracts, and 17,300 strike which shed 44,100 contracts.

Put option data

Maximum Put open interest of 50.32 lakh contracts was seen at 17,000 strike, which will act as a crucial support level in the September series.

This is followed by 17,500 strike, which holds 44.49 lakh contracts, and 17,700 strike, which has accumulated 34.93 lakh contracts.

Put writing was seen at 17,500 strike, which added 5.94 lakh contracts, followed by 17,600 strike which added 3.08 lakh contracts, and 17,200 strike which added 2.25 lakh contracts.

Put unwinding was seen at 17,800 strike, which shed 14.43 lakh contracts, followed by 17,900 strike which shed 8.4 lakh contracts, and 17,000 strike which shed 7.34 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,957.70 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 161.45 crore in the Indian equity market on September 28, as per provisional data available on the NSE.

INSPITE OF GAP UP OPENING IN BOTH INDICES,
BOTH NIFTY & BANKNIFTY FAILED TO SUSTAIN ABOVE HIGHER LEVELS, THUS MAKING MARKET MORE VOLATILE!!

AS THE TREND IS GOING ON, BOTH NIFTY & BANKNIFTY MAY TEST ITS SUPPOST & POSSIBLY MAY SHOW SOME REVERSAL AFTER THAT.
NIFTY HAVING SUPPORT AT 17750-17800, WHEREAS BANKNIFTY IS HAVING SUPPORT AT 38000.

SGX Nifty indicate a cautious opening for the index in India .

US Markets

The S&P 500 and Nasdaq indexes ended lower on Monday with investors pivoting to value as tech shares, hurt by rising Treasury yields, weighed on equities in the quarter’s final week.

The Dow Jones Industrial Average rose 71.37 points, or 0.21%, to 34,869.37; the S&P 500 lost 12.37 points, or 0.28%, at 4,443.11; and the Nasdaq Composite dropped 77.73 points, or 0.52%, to 14,969.97.

Asian Markets

Stocks in Asia-Pacific largely declined in Tuesday morning trade, as various firms downgraded China’s GDP forecasts. South Korea’s Kospi slipped 0.81%. In Japan, the Nikkei 225 fell 0.72% while the Topix index shed 0.99%. The S&P/ASX 200 in Australia dipped 0.28%.

SGX Nifty

Trends on SGX Nifty indicate a cautious opening for the index in India with a 18-points gain. The Nifty futures were trading at 17,874 on the Singaporean Exchange around 07:30 hours IST.

SGX Nifty indicate a cautious opening for the index in India.

U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates.

The Dow Jones Industrial Average rose 506.5 points, or 1.48%, to 34,764.82, the S&P 500 gained 53.34 points, or 1.21%, to 4,448.98 and the Nasdaq Composite added 155.40 points, or 1.04%, to 15,052.24.

Asian Markets

Stocks in Asia-Pacific were mixed in Friday morning trade, as investors continue to watch developments surrounding China Evergrande Group.

The Nikkei 225 in Japan jumped 1.95% in morning trade while the Topix index gained 2.1%. South Korea’s Kospi edged 0.49% higher.

RBI announces Rs 15000 crore bond buy, sale on September 30

The Reserve Bank of India (RBI) on September 23 announced Open Market Purchase and simultaneous sale of government bonds for Rs 15,000 crore each on September 30. As announced in the Governor’s statement of June 04, 2021, the Reserve Bank will conduct the open market purchase of government securities under the G-sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of Rs 15,000 crore on September 30, 2021, the RBI said in a release.

Also, the RBI will sell short-term maturity bonds for the same amount on that day, the RBI said. RBI conducts simultaneous buy and sale of government bonds to manage the yield curve in the bond market.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,698.37, followed by 17,573.83. If the index moves up, the key resistance levels to watch out for are 17,895.67 and 17,968.43.

Nifty Bank

The Nifty Bank also joined the bulls’ party, rising 827 points or 2.24 percent to 37,771.70 on September 23. The important pivot level, which will act as crucial support for the index, is placed at 37,381.61, followed by 36,991.5. On the upside, key resistance levels are placed at 37,996.3 and 38,220.9 levels.

Call option data

Maximum Call open interest of 35.61 lakh contracts was seen at 18500 strike, which will act as a crucial resistance level in the September series.

This is followed by 18000 strike, which holds 35.19 lakh contracts, and 17800 strike, which has accumulated 25.15 lakh contracts.

Call writing was seen at 18500 strike, which added 25.93 lakh contracts, followed by 18000 strike, which added 15.4 lakh contracts and 18400 strike which added 11.20 lakh contracts.

Call unwinding was seen at 17600 strike, which shed 8.19 lakh contracts, followed by 17500 strike, which shed 7.49 lakh contracts, and 17400 strike which shed 3.64 lakh contracts.

Put option data

Maximum Put open interest of 32.97 lakh contracts was seen at 17500 strike, which will act as a crucial support level in the September series.

This is followed by 17600 strike, which holds 29.86 lakh contracts, and 17700 strike, which has accumulated 28.86 lakh contracts.

Put writing was seen at 17800 strike, which added 19.83 lakh contracts, followed by 17700 strike which added 17.46 lakh contracts, and 17600 strike which added 13.30 lakh contracts.

Put unwinding was seen at 17200 strike, which shed 40,750 contracts, followed by 17100 strike which shed 23,600 contracts and 18500 strike which shed 2,350 contracts.

Foreign institutional investors (FIIs) net acquired shares worth Rs 357.93 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,173.09 crore in the Indian equity market on September 23, as per provisional data available on the NSE.

INSPITE OF FLAT WITH SLIGHT BULLISH OPENING, BOTH NIFTY & BANKNIFTY SHOWING PURE SIDEWAYS MOVEMENT!!

BIGGER HANDS TRYING TO KICK RETAIL CLIENTS SO AS TO PREPARE MARKET FOR BIG MOVE POSSIBLY, THUS TURNING MARKET INTO PURE SIDEWAYS DIRECTION!!

WAITING FOR FRESH DATA FORMATION FOR FURTHER CLARITY!!

 SGX Nifty indicate a cautious opening for the index in India.

US stocks ended near flat on Tuesday after a broad sell-off the day before, with worries over troubles at developer China Evergrande and caution ahead of Wednesday’s Federal Reserve policy news keeping a lid on the market.

The Dow Jones Industrial Average fell 50.63 points, or 0.15%, to 33,919.84, the S&P 500 lost 3.54 points, or 0.08%, to 4,354.19 and the Nasdaq Composite added 32.50 points, or 0.22%, to 14,746.40.

Asian Markets

Asian stock markets made a cautious start on Wednesday and the dollar held firm amid lingering nerves about the fallout from a looming failure at developer China Evergrande and anticipation the Federal Reserve may move a step closer to tapering.

Japan’s Nikkei fell 0.5%. Equity, bond and currency markets in China open for the first time on Wednesday since concern over Evergrande’s predicament triggered a wave of selling and contagion worries around the world.

US House approves bill to suspend debt limit, fund government

Democrats in the House of Representatives passed a bill on Tuesday to fund the US government through December 3 and suspend the nation’s borrowing limit until the end of 2022, sending it to the Senate where Republicans have vowed to block it.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,399.3, followed by 17,236.6. If the index moves up, the key resistance levels to watch out for are 17,651.5 and 17,741.

Nifty Bank

The Nifty Bank rose 90.10 points to 37,235.80 on September 21. The important pivot level, which will act as crucial support for the index, is placed at 36,727.63, followed by 36,219.36. On the upside, key resistance levels are placed at 37,542.43 and 37,848.96 levels.

Call option data

Maximum Call open interest of 19.08 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level in the September series.

This is followed by 18000 strike, which holds 18.82 lakh contracts, and 17700 strike, which has accumulated 15.40 lakh contracts.

Call writing was seen at 17000 strike, which added 72,525 contracts, followed by 18200 strike, which added 27,650 contracts and 18400 strike which added 14,950 contracts.

Call unwinding was seen at 17900 strike, which shed 1.46 lakh contracts, followed by 17800 strike, which shed 68,300 contracts, and 17500 strike which shed 67,550 contracts.

Put option data

Maximum Put open interest of 32.37 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the September series.

This is followed by 17500 strike, which holds 24.64 lakh contracts, and 17200 strike, which has accumulated 18.71 lakh contracts.

Put writing was seen at 18000 strike, which added 2.07 lakh contracts, followed by 17400 strike which added 2.04 lakh contracts, and 17500 strike which added 1.84 lakh contracts.

Put unwinding was seen at 17700 strike, which shed 1.56 lakh contracts, followed by 17600 strike which shed 1.42 lakh contracts and 17300 strike which shed 33,350 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 1,041.92 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 2,167.62 crore in the Indian equity market on September 21, as per provisional data available on the NSE.

SGX Nifty indicate a positive opening for the index in India .

Wall Street fell in a broad sell-off on Monday, with the S&P 500 and Nasdaq suffering their biggest daily percentage drops since May, as fear of contagion from potential collapse of China’s Evergrande drove investors out of equities in a flight for safety.

The Dow Jones Industrial Average fell 614.41 points, or 1.78%, to 33,970.47, the S&P 500 lost 75.26 points, or 1.70%, to 4,357.73 and the Nasdaq Composite dropped 330.07 points, or 2.19%, to 14,713.90.

Asian Markets

Global stock markets on Tuesday were caught in the grip of contagion fears sparked by troubles at China Evergrande as growing risks the property giant could default on its massive debt prompted investors to flee riskier assets.

Japan’s Nikkei fell 2.0%, resuming trade after a market holiday on Monday while MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.2%. MSCI’s ACWI shed 0.13%, a day after the gauge of the world’s 50 stock markets lost 1.63%, its biggest decline in two months, and leaving it teetering at its lowest level in two months.

RBI announces Rs 15,000 crore bond sale under G-SAP 2.0

The Reserve Bank of India (RBI) on September 20 announced the open market purchase of Government of India securities under the G-sec Acquisition Programme (G-SAP 2.0) and simultaneous sale of Government of India Securities.

Accordingly, the RBI will conduct the open market purchase of government securities under the G-sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of Rs 15,000 crore on September 23, 2021, the central bank said in a release.

The central bank will purchase the following Government securities through a multi-security auction using the multiple price method, it said in a release.

Sebi fines 8 entities for fraudulent trade in Videocon shares

Markets regulator Sebi on Monday penalised eight entities for fraudulent trading in shares of Videocon Industries Ltd. The entities are Acuity Merchants Pvt Ltd, Godavari Commercial services Pvt Ltd, Kaberi Goods Pvt Ltd, Invorex Vincom Pvt. Ltd, Coastal Fertilisers Ltd, Akansha Commodities Pvt Ltd, Messrs Agarwal Holdings and Superdeal Fincom Pvt Ltd.

These are facing a fine of Rs 16 lakh, payable jointly and severally, for violation of Prohibition of Fraudulent and Unfair Trade Practices norms.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,298.2, followed by 17,199.5. If the index moves up, the key resistance levels to watch out for are 17,559.2 and 17,721.5.

Nifty Bank

The Nifty Bank plunged 666.25 points or 1.76 percent to 37,145.70 on September 20. The important pivot level, which will act as crucial support for the index, is placed at 36,875.14, followed by 36,604.57. On the upside, key resistance levels are placed at 37,609.54 and 38,073.37 levels.

Call option data

Maximum Call open interest of 19.75 lakh contracts was seen at 17,500 strike, which will act as a crucial resistance level in the September series.

This is followed by 18,000 strike, which holds 18.70 lakh contracts, and 17,700 strike, which has accumulated 15.78 lakh contracts.

Call writing was seen at 17,500 strike, which added 5.45 lakh contracts, followed by 17,700 strike, which added 3.05 lakh contracts, and 18,000 strike which added 2.12 lakh contracts.

Call unwinding was seen at 17300 strike, which shed 1.13 lakh contracts, followed by 16600 strike, which shed 75,350 contracts, and 18,100 strike which shed 49,250 contracts.

Put option data

Maximum Put open interest of 31.63 lakh contracts was seen at 17,000 strike, which will act as a crucial support level in the September series.

This is followed by 17,500 strike, which holds 22.79 lakh contracts, and 17200 strike, which has accumulated 18.5 lakh contracts.

Put writing was seen at 17,200 strike, which added 1.61 lakh contracts, followed by 17,400 strike which added 85,900 contracts, and 17,100 strike which added 17,900 contracts.

Put unwinding was seen at 17,600 strike, which shed 2.56 lakh contracts, followed by 17,700 strike which shed 2.43 lakh contracts, and 17,800 strike which shed 1.69 lakh contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 92.54 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 1,626.58 crore in the Indian equity market on September 20, as per provisional data available on the NSE.

INSPITE OF GAPDOWN OPENING BOTH INDICES SHOWED GOOD RECOVERY & SHOWING STRENGTH TO RECOVER MORE.
NIFTY SUPPORT AT 17500 & BANKNIFTY SUPPORT AT 37500. IF SUPPORT HOLDS WE CAN SEE MORE UPSIDE POSSIBLE TODAY & MOST PROBABLY A GREEN CLOSING!!

SGX Nifty indicate a gap-down opening for the index in India.

US stocks ended sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID variant, and possible shifts in the US Federal Reserve’s timeline for tapering asset purchases.

The Dow Jones Industrial Average fell 166.44 points, or 0.48%, to 34,584.88; the S&P 500 lost 40.76 points, or 0.91%, at 4,432.99; and the Nasdaq Composite dropped 137.96 points, or 0.91%, to 15,043.97.

Asian Markets

Asian shares eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely to take another step toward tapering.

Early Monday, MSCI’s broadest index of Asia-Pacific shares outside Japan dipped another 0.2%, after shedding 2.5% last week. Japan’s Nikkei was shut and could do with consolidating after surging to 30-year highs on hopes a new Prime Minister will bring more stimulus and policy change.

Oil down on stronger greenback, rising US rig count

Oil prices fell on Monday, extending losses from Friday after the US dollar jumped to a three-week high and the U.S. rig count rose, although nearly a quarter of US Gulf of Mexico output remained offline in the wake of two hurricanes.

US West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $71.67 a barrel at 0059 GMT, after declining by 64 cents on Friday. Brent crude futures fell 27 cents, or 0.4%, to $75.07 a barrel after losing 33 cents on Friday.

Govt increases domestic flight capacity to 85% of pre-COVID levels with immediate effect

Domestic carriers can now operate flights at 85 percent of pre-Covid levels, up from 72.5 percent at present, the Ministry of Civil Aviation said in a circular issued on September 18.

The flight capacity, which was curtailed following the onset of coronavirus pandemic, was increased to 80 percent in December last year. However, it was reduced again, and brought down to 50 percent on June 1, due to the second wave of COVID-19.

Housing demand to rise on SBI’s decision to offer home loan at 6.7% interest rates: Realtors

India’s residential property market is expected to witness a strong consumer demand during the festival season with various banks, including SBI, providing concessional interest rates on home loans, according to real estate developers and consultants.

They also hoped that other public and private banks would soon announce their festival offers on interest rates on home loans and processing fees. On Thursday, the country’s largest lender State Bank of India announced various festive offers for prospective home loan customers, including a credit score-linked home loan starting at 6.70 percent, irrespective of the loan amount. Earlier, a borrower availing a home loan above Rs 75 lakh had to pay an interest rate of 7.15 percent.

Forex reserves down by $1.34 billion to $641.113 billion

After reaching a record high in the previous week, the country’s foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021, according to RBI data. In the previous week ended September 3, the reserves had surged by $8.895 billion to a life time high of $642.453 billion.

During the reporting week ended September 10, the fall in the reserves was on account of a decline in Foreign Currency Assets (FCAs), a major component of the overall reserves, Reserve Bank of India’s (RBI) weekly data released on Friday showed.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,484.3, followed by 17,383.4. If the index moves up, the key resistance levels to watch out for are 17,739.5 and 17,893.8.

Nifty Bank

The Nifty Bank extended gains, rising 143.35 points to 37,811.95 on September 17. The important pivot level, which will act as crucial support for the index, is placed at 37,434.4, followed by 37,056.9. On the upside, key resistance levels are placed at 38,151.1 and 38,490.3 levels.

Call option data

Maximum Call open interest of 16.58 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level in the September series.

This is followed by 17500 strike, which holds 14.29 lakh contracts, and 17800 strike, which has accumulated 14.28 lakh contracts.

Call writing was seen at 18100 strike, which added 3.99 lakh contracts, followed by 17700 strike, which added 3.87 lakh contracts and 17900 strike which added 2.61 lakh contracts.

Call unwinding was seen at 17300 strike, which shed 1.8 lakh contracts, followed by 17400 strike, which shed 1.57 lakh contracts, and 17000 strike which shed 1.07 lakh contracts.

Put option data

Maximum Put open interest of 32.47 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the September series.

This is followed by 17500 strike, which holds 23.51 lakh contracts, and 17600 strike, which has accumulated 17.74 lakh contracts.

Put writing was seen at 17700 strike, which added 9.82 lakh contracts, followed by 18100 strike which added 5.76 lakh contracts, and 17600 strike which added 5.51 lakh contracts.

Put unwinding was seen at 17400 strike, which shed 5.24 lakh contracts, followed by 17000 strike which shed 2.56 lakh contracts and 17100 strike which shed 1.52 lakh contracts.

SGX Nifty indicate a positive opening for the index in India .

The S&P 500 ended slightly lower on Thursday paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.

The Dow Jones Industrial Average fell 62.22 points, or 0.18%, to 34,752.17, the S&P 500 lost 6.65 points, or 0.15%, to 4,474.05 and the Nasdaq Composite added 20.30 points, or 0.13%, to 15,181.83.

Asian Markets

Shares in Asia-Pacific were mixed in Friday morning trade as investors react to mixed US economic data released overnight.

The Nikkei 225 in Japan climbed 0.38% while the Topix index traded fractionally higher. South Korea’s Kospi shed 0.22%.

Cabinet approves issue of govt guarantees up to Rs 30,600 crore for security receipts to be issued by NARCL: FM Sitharaman

The Union Cabinet on September 16 approved a government guarantee of up to Rs 30,600 crore for security receipts to be issued by National Asset Reconstruction Company Ltd (NARCL). Security receipts represent an undivided right or interest in a financial asset. Typically, asset reconstruction companies or a bad bank buy distressed assets paying 15 percent cash and the balance 85 percent in security receipts.

Addressing a press conference, the FM said, “We are also setting up an India Debt Resolution Company Ltd to manage the Non-Performing Assets (NPAs). In this company, public sector banks (PSBs) and state-owned financial institutions will own 49% stake.” She added that private sector banks will also hold a stake.

Domestic air passenger traffic jumps in August as COVID restrictions ease

Domestic air passenger traffic surged 33.8 percent month-on-month in August, the Directorate General of Civil Aviation (DGCA) said on September 16. The total passenger load in August stood at 67.01 lakh compared to 50.07 lakh in July and 31.13 lakh in June.

The passenger traffic in August 2021 also more than doubled when compared to the same month in the past year, the aviation sector regulator said. In August last year, the number of passengers carried by domestic airlines stood at 28.32 lakhs.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,545.07, followed by 17,460.63. If the index moves up, the key resistance levels to watch out for are 17,679.27 and 17,729.03.

Nifty Bank

The Nifty Bank shot up 816.35 points or 2.22 percent to 37,668.60 and outperformed frontline indices on September 16. The important pivot level, which will act as crucial support for the index, is placed at 37,144.23, followed by 36,619.87. On the upside, key resistance levels are placed at 37,956.54 and 38,244.47 levels.

Call option data

Maximum Call open interest of 15.06 lakh contracts was seen at 17,500 strike. This is followed by 18,000 strike, which holds 14.37 lakh contracts, and 17,800 strike, which has accumulated 12.20 lakh contracts.

Call writing was seen at 17,800 strike, which added 3.35 lakh contracts, followed by 17,700 strike, which added 1.06 lakh contracts, and 17900 strike which added 87,650 contracts.

Call unwinding was seen at 17500 strike, which shed 1.85 lakh contracts, followed by 17400 strike, which shed 1.62 lakh contracts, and 17300 strike which shed 1.02 lakh contracts.

Put option data

Maximum Put open interest of 35.04 lakh contracts was seen at 17,000 strike, which will act as a crucial support level in the September series.

This is followed by 17,500 strike, which holds 22.55 lakh contracts, and 17,400 strike, which has accumulated 19.69 lakh contracts.

Put writing was seen at 17,800 strike, which added 4.45 lakh contracts, followed by 17,600 strike which added 3.91 lakh contracts, and 17,500 strike which added 3.9 lakh contracts.

Put unwinding was seen at 16,900 strike, which shed 2.6 lakh contracts, followed by 16,800 strike which shed 61,050 contracts, and 17,200 strike which shed 52,500 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 1,621.88 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 795.13 crore in the Indian equity market on September 16, as per provisional data available on the NSE.

SGX Nifty indicate a cautious opening for the index in India.

The S&P 500 and Dow Jones indexes rose on Wednesday on mildly positive factory data and higher oil prices, although concerns over a slowing economic recovery and higher corporate taxes kept sentiment subdued.

The Dow Jones Industrial Average rose 92.87 points, or 0.27%, to 34,670.44, the S&P 500 gained 11.10 points, or 0.25%, to 4,454.15 and the Nasdaq Composite lost 9.66 points, or 0.06 %, to 15,028.10.

Asian Markets

Shares in Asia-Pacific were mixed in Thursday morning trade, with casino shares in Hong Kong mostly seeing another day of losses. The Nikkei 225 in Japan slipped about 0.1% while the Topix index fell 0.15%. South Korea’s Kospi edged 0.47% lower.

Tata Sons chairman rules out leadership revamp

India’s Tata Sons Chairman N Chandrasekaran said on Wednesday that no leadership changes were on the anvil, refuting media reports. The holding firm of the Indian conglomerate was considering adding a chief executive role amid a revamp of its leadership structure, a Bloomberg report had said on Tuesday.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,426.63, followed by 17,333.87. If the index moves up, the key resistance levels to watch out for are 17,572.43 and 17,625.46.

Nifty Bank

The Nifty Bank climbed 239.20 points to 36,852.25 on September 15. The important pivot level, which will act as crucial support for the index, is placed at 36,582.3, followed by 36,312.4. On the upside, key resistance levels are placed at 37,035.9 and 37,219.6 levels.

Call option data

Maximum Call open interest of 16.92 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level in the September series.

This is followed by 18000 strike, which holds 14.39 lakh contracts, and 17400 strike, which has accumulated 13.01 lakh contracts.

Call writing was seen at 17600 strike, which added 3.02 lakh contracts, followed by 17700 strike, which added 1.39 lakh contracts and 17800 strike which added 1.34 lakh contracts.

Call unwinding was seen at 17300 strike, which shed 2.89 lakh contracts, followed by 17400 strike, which shed 2.61 lakh contracts, and 17000 strike which shed 1.1 lakh contracts.

Put option data

Maximum Put open interest of 35.46 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the September series.

This is followed by 17400 strike, which holds 19.38 lakh contracts, and 17500 strike, which has accumulated 18.65 lakh contracts.

Put writing was seen at 17500 strike, which added 10.17 lakh contracts, followed by 17600 strike which added 6.54 lakh contracts, and 17400 strike which added 2.59 lakh contracts.

Put unwinding was seen at 17000 strike, which shed 5.41 lakh contracts, followed by 16800 strike which shed 2.6 lakh contracts and 16700 strike which shed 2.44 lakh contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 232.84 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 167.67 crore in the Indian equity market on September 15, as per provisional data available on the NSE.

Inspite of green opening, both indices now facing resistance & thus giving sideways movement.

Nifty resistance at 14450 & banknifty at 36850-36900.
Any breach of these levels may show more upside possible

SGX Nifty indicate a positive opening for the index in India.

The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data. The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.

The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.

Asian Markets

Shares in Asia-Pacific were mixed in Tuesday morning trade as investors look ahead to the release of U.S. consumer inflation data for August.

The Nikkei 225 in Japan rose 0.8% while the Topix index advanced 0.66%. South Korea’s Kospi gained 0.83%.

Zee Entertainment’s largest shareholders call EGM seeking removal of Puneet Goenka from board

Zee Entertainment’s (ZEE’s) largest shareholders, Invesco Developing Markets Fund and OFI Global China Fund LLC, which together hold 17.88 percent of the total paid-up share capital of the company, in a letter on September 11, called an extraordinary general meeting (EGM) seeking removal of Punit Goenka, Manish Chokhani and Ashok Kurien as Directors of the firm, the company said in a regulatory filing on September 13.

US dollar rises to two-week high as Fed taper view builds

The dollar climbed to a two-week peak against a basket of major currencies on Monday, as investors continued to price in expectations that the U.S. Federal Reserve could reduce its asset purchases sooner rather than later despite a surge in COVID-19 cases.

The dollar index earlier rose to 92.887, its highest level since Aug. 27. It was last up 0.1% at 92.707.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,290.23, followed by 17,225.17. If the index moves up, the key resistance levels to watch out for are 17,399.34 and 17,443.37.

Nifty Bank

The Nifty Bank dropped 211.40 points to close at 36,471.80 on September 13. The important pivot level, which will act as crucial support for the index, is placed at 36,290.97, followed by 36,110.14. On the upside, key resistance levels are placed at 36,688.77 and 36,905.73 levels.

Call option data

Maximum Call open interest of 17.52 lakh contracts was seen at 17,500 strike, which will act as a crucial resistance level in the September series.

This is followed by 17,300 strike, which holds 15.98 lakh contracts, and 17,400 strike, which has accumulated 15.43 lakh contracts.

Call writing was seen at 17,300 strike, which added 1.71 lakh contracts, followed by 17,800 strike, which added 81,650 contracts and 17,900 strike which added 57,650 contracts.

Call unwinding was seen at 17,200 strike, which shed 78,500 contracts, followed by 17,100 strike, which shed 50,600 contracts, and 17,500 strike which shed 46,150 contracts.

Put option data

Maximum Put open interest of 40.43 lakh contracts was seen at 17,000 strike, which will act as a crucial support level in the September series.

This is followed by 16,500 strike, which holds 27.16 lakh contracts, and 17,200 strike, which has accumulated 19.32 lakh contracts.

Put writing was seen at 17,300 strike, which added 2.16 lakh contracts, followed by 17,200 strike which added 96,250 contracts, and 17,500 strike which added 41,900 contracts.

Put unwinding was seen at 17,000 strike, which shed 1.98 lakh contracts, followed by 16,800 strike which shed 1.23 lakh contracts and 16,500 strike which shed 88,650 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 1,419.31 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 559.59 crore in the Indian equity market on September 13, as per provisional data available on the NSE.

SINCE MORNING BOTH INDICES SHOWED PURE SIDEWAYS MOVE.

NOW AFTER SUCH FALL, BOTH INDICES ARE AT SUPPORT, I.E 17300 & 36650.
IF THESE SUPPORTS ARE BREACHED WE MAY SEE MORE DOWNSIDE POSSIBLE, IF NOT WE MAY SEE SOME PULLBACK.

 SGX Nifty indicate a cautious opening for the index in India.

Wall Street ended sharply lower on Friday as investors weighed signs of higher inflation, while Apple Inc tumbled following an unfavorable court ruling related to its app store.

The Dow Jones Industrial Average fell 0.78% to close at 34,607.72 points, while the S&P 500 lost 0.77% to 4,458.58. The Nasdaq Composite dropped 0.87% to 15,115.49.

Asian Markets

Asian shares made a guarded start on Monday to a week packed with important U.S. and Chinese economic data and the launch of Apple’s latest iPhones, while the Nikkei was tantalisingly near heights last visited in 1990.

MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1%, after bouncing on Friday. Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3% last week. The Topix has already scaled that peak, while the Nikkei turned hesitant early on Monday.

FPIs pump in Rs 7,605 crore so far during September

Continuing the buying in Indian markets, foreign portfolio investors (FPIs) pumped in a net sum of Rs 7,605 crore in September so far. According to data from depositories, overseas investors invested Rs 4,385 crore into equities and Rs 3,220 crore in the debt segment during September 1-9. During this period, the total net investment stood at Rs 7,605 crore.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,321.37, followed by 17,273.53. If the index moves up, the key resistance levels to watch out for are 17,398.37 and 17,427.53.

Nifty Bank

The Nifty Bank fell 85 points to close at 36,683.20 on September 9. The important pivot level, which will act as crucial support for the index, is placed at 36,547.53, followed by 36,411.86. On the upside, key resistance levels are placed at 36,838.03 and 36,992.86 levels.

Call option data

Maximum Call open interest of 17.98 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level in the September series.

This is followed by 17400 strike, which holds 15.10 lakh contracts, and 18000 strike, which has accumulated 14.69 lakh contracts.

Call writing was seen at 18000 strike, which added 1 lakh contracts, followed by 18100 strike, which added 48,450 contracts and 17700 strike which added 46,250 contracts.

Call unwinding was seen at 17800 strike, which shed 1.49 lakh contracts, followed by 17100 strike, which shed 13,750 contracts, and 16,600 strike which shed 10,750 contracts.

Put option data

Maximum Put open interest of 42.42 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the September series.

This is followed by 16500 strike, which holds 28.05 lakh contracts, and 17200 strike, which has accumulated 18.36 lakh contracts.

Put writing was seen at 17300 strike, which added 1.43 lakh contracts, followed by 17200 strike which added 1.38 lakh contracts, and 16900 strike which added 1.13 lakh contracts.

Put unwinding was seen at 16700 strike, which shed 32,700 contracts, followed by 17800 strike which shed 2,200 contracts and 16500 strike which shed 675 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 423.44 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 704.21 crore in the Indian equity market on September 9, as per provisional data available on the NSE.

SINCE MORNING BOTH INDICES SHOWED PURE SIDEWAYS MOVE.

NOW AFTER SUCH FALL, BOTH INDICES ARE AT SUPPORT, I.E 17300 & 36650.
IF THESE SUPPORTS ARE BREACHED WE MAY SEE MORE DOWNSIDE POSSIBLE, IF NOT WE MAY SEE SOME PULLBACK.

SGX Nifty indicate a negative opening for the index in India.

Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy’s recovery and on uncertainty about when the US Federal Reserve may pull back its accommodative policies.

The Dow Jones Industrial Average fell 0.2% to end at 35,031.07 points, while the S&P 500 lost 0.13% to 4,514.07. The Nasdaq Composite dropped 0.57% to 15,286.64.

Asian Markets

Shares in Asia-Pacific fell in Thursday morning trade as investors reacted to the release of China’s August inflation data. China’s consumer price index rose 0.8% year-on-year in August, compared to expectations for a 1% increase in a Reuters poll.

Nikkei 225 in Japan dipped 0.41% while the Topix index fell 0.39%. South Korea’s Kospi declined 0.82%.

India to post strong GDP growth in coming quarters: S&P

India is expected to post strong economic growth in the coming quarters, even as inflation, led by food prices, is likely to remain elevated, S&P Global Ratings said on Wednesday.

The economy is expected to clock 9.5 percent growth in the current fiscal year, followed by 7 percent expansion in the next year, it said, adding high nominal GDP growth would be important for ensuring fiscal consolidation going forward.

“Given India’s weak fiscal settings and high stock of debt around 90 percent of GDP, the nominal GDP growth is going to be very important to prevent any further erosion of fiscal settings in the country and to enable some degree of fiscal consolidation going forward,” S&P Global Ratings Director (Sovereign) Andrew Wood said.

LIC IPO | Government appoints Kotak Mahindra, JP Morgan, Goldman Sachs, others as intermediaries

The central government on September 8, appointed intermediarie-Kotak Mahindra Capital Company, Goldman Sachs India Securities, JP Morgan India, ICICI Securities, and others for listing and partial disinvestment its equity shareholding in Life Insurance Corporation of India(LIC) via initial public offering.

LIC has appointed Kotak Mahindra Capital Company, Goldman Sachs India Securities, JP Morgan India, ICICI Securities, JM Financial, Citigroup Global Markets India, Nomura Financial Advisory and Securities (India), Axis Capital, DSP Merrill Lynch, and SBI Capital Markets as book running lead managers, says a circular on DIPAM website.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,277.33, followed by 17,201.17. If the index moves up, the key resistance levels to watch out for are 17,406.54 and 17,459.57.

Nifty Bank

The Nifty Bank outperformed benchmark indices, rising 299.40 points to close at 36,768.20 on September 8. The important pivot level, which will act as crucial support for the index, is placed at 36,489.23, followed by 36,210.27. On the upside, key resistance levels are placed at 36,951.53 and 37,134.86 levels.

Call option data

Maximum Call open interest of 17.75 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level in the September series.

This is followed by 17400 strike, which holds 14.94 lakh contracts, and 17300 strike, which has accumulated 13.90 lakh contracts.

Call writing was seen at 17800 strike, which added 1.51 lakh contracts, followed by 18000 strike, which added 41,900 contracts and 17700 strike which added 24,000 contracts.

Call unwinding was seen at 17200 strike, which shed 77,750 contracts, followed by 17000 strike, which shed 64,400 contracts, and 16,800 strike which shed 50,000 contracts.

Put option data

Maximum Put open interest of 41.46 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the September series.

This is followed by 16500 strike, which holds 28.05 lakh contracts, and 17200 strike, which has accumulated 16.98 lakh contracts.

Put writing was seen at 17000 strike, which added 5.44 lakh contracts, followed by 16900 strike which added 3.38 lakh contracts, and 17300 strike which added 1.62 lakh contracts.

Put unwinding was seen at 16700 strike, which shed 37,450 contracts, followed by 18000 strike which shed 8,450 contracts and 17800 strike which shed 5,300 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 802.51 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 0.60 crore in the Indian equity market on September 8, as per provisional data available on the NSE.

INSPITE OF FLAT OPENING, BANKNIFTY SHOWED GOOD UPSIDE WHEREAS NIFTY IS SHOWING PURE SIDEWAYS MOVE.
NOW BANKNIFTY FACING RESISTANCE AT 36850-36900. ABOVE THIS WE MAY SEE MORE UPSIDE POSSIBLE.
NIFTY MAY OUTPERFORM ONLY IF IT SUSTAINS ABV 17400, OTHERWISE WE MAY SEE PURE SIDEWAYS MOVE.

AS MENTIONED, MARKET FACING RESISTANCE.
BANKNIFTY FAILED TO SUSTAIN ABV 36900 & CAME DOWN.

BANKNIFTY WILL TRY AGAIN TO BREACH RESISTANCE TOWARDS CLOSING BASIS.
MOST LIKELY WE MAY WITNESS MORE HIGHS TOWARDS MARKET CLOSING🤞

 SGX Nifty indicate a positive opening for the index in India .

The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the Federal Reserve would maintain its accommodative stance a little longer after a soft U.S. payrolls report.

The Dow Jones Industrial Average was down 274.89 points, or 0.78%, at 35,094.20, the S&P 500 was down 17.94 points, or 0.40%, at 4,517.49, and the Nasdaq Composite was up 4.98 points, or 0.03%, at 15,368.50.

Asian Markets

Shares in Asia-Pacific fell in Wednesday morning trade, with Japan revising upward its estimates for second-quarter growth.

In Japan, the Nikkei 225 dipped 0.12% while the Topix index declined fractionally.

SEBI introduces T+1 settlement cycle for stocks on optional basis

The Securities and Exchange Board of India (SEBI) on September 7 introduced T+1 (Trade plus 1 day) rolling settlement cycle for stocks on an optional basis. The new rule will come into force on January 1, 2022. The regulatory change has been adopted after the market regulator received requests from various stakeholders to further shorten the settlement cycle.

“Based on discussions with Market Infrastructure Institutions (Stock Exchanges, Clearing Corporations and Depositories), it has been decided to provide flexibility to Stock Exchanges to offer either T+1 or T+2 settlement cycle,” SEBI in its circular said.

India Ratings maintains stable outlook on banking sector in FY22

Domestic rating agency India Ratings on Tuesday maintained a stable outlook on the banking sector for 2021-22 while it expects an increase in stressed assets in retail and MSME segments by end-March. It estimates gross non-performing assets (GNPA) of the banking sector to be at 8.6 percent and stressed assets at 10.3 per cent for fiscal 2021-22.

“We have maintained a stable outlook on the overall banking sector for the rest of FY22, supported by the continuing systemic support that has helped manage the system-wide COVID-19 linked stress,” the rating agency said in its mid-year banks outlook released on Tuesday.

Sebi tweaks client level position limits for currency derivative contracts

Sebi on Tuesday tweaked the client level position limits for trading in cross-currency futures and options contracts. Position limit refers to the highest number of options or futures contracts an investor is allowed to hold on one underlying security.

Based on feedback received from stock exchanges and clearing corporations and upon a review of the same, it has been decided to revise the client level position limits, per stock exchange, Sebi said in a circular.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,287.23, followed by 17,212.37. If the index moves up, the key resistance levels to watch out for are 17,436.73 and 17,511.37.

Nifty Bank

The Nifty Bank fell further, down 123.55 points to close at 36,468.80 on September 7. The important pivot level, which will act as crucial support for the index, is placed at 36,185.16, followed by 35,901.53. On the upside, key resistance levels are placed at 36,719.16 and 36,969.53 levels.

Call option data

Maximum Call open interest of 17.57 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level in the September series.

This is followed by 17400 strike, which holds 14.71 lakh contracts, and 17300 strike, which has accumulated 13.98 lakh contracts.

Call writing was seen at 17400 strike, which added 1.35 lakh contracts, followed by 18000 strike, which added 73,600 contracts and 17800 strike which added 52,300 contracts.

Call unwinding was seen at 17200 strike, which shed 1.1 lakh contracts, followed by 17000 strike, which shed 78,525 contracts, and 17100 strike which shed 72,800 contracts.

Put option data

Maximum Put open interest of 36.01 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the September series.

This is followed by 16500 strike, which holds 27.26 lakh contracts, and 17200 strike, which has accumulated 16.75 lakh contracts.

Put writing was seen at 17400 strike, which added 1.77 lakh contracts, followed by 17000 strike which added 1.37 lakh contracts, and 17500 strike which added 1.17 lakh contracts.

Put unwinding was seen at 16500 strike, which shed 2.47 lakh contracts, followed by 16800 strike which shed 46,600 contracts and 16700 strike which shed 44,650 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 145.45 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 136.57 crore in the Indian equity market on September 7, as per provisional data available on the NSE

INPITE OF HUGE SELLING IN BOTH NIFTY & BANKNIFTY, NOW BOTH INDICES TESTED IT’S SUPPORT & NOW TRYING TO RECOVER.
17350 & 36450 HUGE SUPPLY ZONE.
WE MAY SEE SOME UPSIDE POSSIBLE ABOVE THESE LEVELS.

 SGX Nifty indicate a flat opening for the index in India .

Sebi bans 85 entities from capital markets for fraudulent trading

Sebi on Monday barred total 85 entities, including Sunrise Asian Ltd, from the capital markets for up to one year for manipulating the company’s share price. In its order, the regulator restrained Sunrise Asian and its then five directors from the capital markets for one year and the 79 connected entities for six months.

The Securities and Exchange Board of India (Sebi) had conducted an investigation in the scrip of Sunrise Asian for the period from October 16, 2012 to September 30, 2015, based on a reference received from the Principal Director of Income Tax (Investigation), Kolkata.

Yes Bank demands removal of directors, MD of Dish TV

Yes Bank, which holds a key stake in Dish TV, has written to the company seeking removal of its directors and managing director, the DTH service provider said in a regulatory filing on September 6.

The private lender had sent a special notice dated September 3, 2021 to Dish TV, demanding the removal of directors under Section 169 of the Companies Act, 2013.

 support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,339.07, followed by 17,300.33. If the index moves up, the key resistance levels to watch out for are 17,423.07 and 17,468.33.

Nifty Bank

The Nifty Bank extended losses to correct 168.90 points to close at 36,592.30 on September 6. The important pivot level, which will act as crucial support for the index, is placed at 36,456.66, followed by 36,320.93. On the upside, key resistance levels are placed at 36,825.87 and 37,059.34 levels.

Call option data

Maximum Call open interest of 17.53 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level in the September series.

This is followed by 16500 strike, which holds 14.55 lakh contracts, and 17300 strike, which has accumulated 13.67 lakh contracts.

Call writing was seen at 17400 strike, which added 2.09 lakh contracts, followed by 18000 strike, which added 1.35 lakh contracts and 17700 strike which added 95,250 contracts.

Call unwinding was seen at 17200 strike, which shed 2.39 lakh contracts, followed by 17000 strike, which shed 1.26 lakh contracts, and 16900 strike which shed 73,050 contracts.

Put option data

Maximum Put open interest of 34.64 lakh contracts was seen at 17000 strike, which will act as a crucial support level in the September series.

This is followed by 16500 strike, which holds 29.74 lakh contracts, and 17200 strike, which has accumulated 17.06 lakh contracts.

Put writing was seen at 17000 strike, which added 4.68 lakh contracts, followed by 17400 strike which added 4.43 lakh contracts, and 17300 strike which added 2.09 lakh contracts.

Put unwinding was seen at 16500 strike, which shed 79,150 contracts, followed by 16600 strike which shed 56,650 contracts and 16700 strike which shed 30,050 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 589.36 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 547.31 crore in the Indian equity market on September 6, as per provisional data available on the NSE.

SINCE MORNING BOTH NIFTY & BANKNIFTY SHOWED PURE SIDEWAYS MOVE.
NIFTY LIKELY TO FACE RESISTANCE AT 17000 & HAVING STRONG SUPPORT AT 16800, WHEREAS BANKNIFTY IS FACING RESISTANCE AT CURRENT LEVEL I.E 36500 & HAVING SUPPORT AT 36000.

MOVE EXPECTED IN MARKET IN SECOND HALF POSSIBLY!!

OVERALL VIEW: BULLISH WITH SIDEWAYS

LIVE MARKET COMMENTARY @ 1.30 PM

AS TOLD EARLIER, MOVE EXPEXTED IN SECOND HALF🥳
NOW NIFTY FACING RESISTANCE AT 17100 & BANKNIFTY RESISTANCE AT 36750.

IF THESE LEVELS BREAKS, WE MAY SEE MORE HIGH✈️

OVERALL VIEW: BULLISH

SGX Nifty indicate a positive opening for the index in India .

The Nasdaq closed Friday at a fresh record but Wall Street’s main indexes headed into the Labor Day weekend in mixed fashion, reacting to a disappointing U.S. jobs report which raised fears about the pace of economic recovery but weakened the argument for near-term tapering.

The Dow Jones Industrial Average fell 74.47 points, or 0.21%, to 35,369.35, the S&P 500 lost 1.41 points, or 0.03%, to 4,535.54 and the Nasdaq Composite added 32.34 points, or 0.21%, to 15,363.52.

Asian Markets

Asian shares got off to a mixed start on Monday as a disappointing U.S. payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation.

Japan’s Nikkei added 1.7%, but South Korea eased 0.1%. Nasdaq futures were barely changed, while S&P 500 futures dipped 0.1%.

FPIs net buyers in August; invest Rs 16,459 crore

Foreign portfolio investors (FPIs) were net buyers to the tune of Rs 16,459 crore in Indian markets in August, with majority of investment coming in the debt segment. In equities, they invested just Rs 2,082.94 crore while debt segment saw inflow of Rs 14,376.2 crore between August 2-31, depositories data showed.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,243.83 followed by 17,164.07. If the index moves up, the key resistance levels to watch out for are 17,371.73 and 17,419.87.

Nifty Bank

The Nifty Bank fell 70.15 points to close at 36,761.15 on September 3. The important pivot level, which will act as crucial support for the index, is placed at 36,502.87, followed by 36,244.63. On the upside, key resistance levels are placed at 37,079.67 and 37,398.23 levels.

Call option data

Maximum Call open interest of 17.44 lakh contracts was seen at 17,500 strike, which will act as a crucial resistance level in the September series.

This is followed by 16,500 strike, which holds 14.85 lakh contracts, and 17,000 strike, which has accumulated 14.29 lakh contracts.

Call writing was seen at 17,300 strike, which added 2.18 lakh contracts, followed by 17800 strike, which added 1.51 lakh contracts, and 17,400 strike which added 1.38 lakh contracts.

Call unwinding was seen at 17,000 strike, which shed 1.51 lakh contracts, followed by 16,900 strike, which shed 70,050 contracts, and 16,800 strike which shed 56,300 contracts.

Put option data

Maximum Put open interest of 29.95 lakh contracts was seen at 17,000 strike, which will act as a crucial support level in the September series.

This is followed by 16,500 strike, which holds 30.53 lakh contracts, and 16,700 strike, which has accumulated 17.32 lakh contracts.

Put writing was seen at 17,300 strike, which added 8.6 lakh contracts, followed by 17,400 strike, which added 3.5 lakh contracts, and 17,000 strike that added 2.66 lakh contracts.

Put unwinding was seen at 16,900 strike, which shed 2.98 lakh contracts, followed by 16,800 strike which shed 2.2 lakh contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 768.58 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 668.60 crore in the Indian equity market on September 3, as per provisional data available on the NSE.

SINCE MORNING BOTH NIFTY & BANKNIFTY SHOWED PURE SIDEWAYS MOVE.
NIFTY LIKELY TO FACE RESISTANCE AT 17000 & HAVING STRONG SUPPORT AT 16800, WHEREAS BANKNIFTY IS FACING RESISTANCE AT CURRENT LEVEL I.E 36500 & HAVING SUPPORT AT 36000.

MOVE EXPECTED IN MARKET IN SECOND HALF POSSIBLY!!

OVERALL VIEW: BULLISH WITH SIDEWAYS

LIVE MARKET COMMENTARY @ 1.30 PM

AS TOLD EARLIER, MOVE EXPEXTED IN SECOND HALF🥳
NOW NIFTY FACING RESISTANCE AT 17100 & BANKNIFTY RESISTANCE AT 36750.

IF THESE LEVELS BREAKS, WE MAY SEE MORE HIGH✈️

OVERALL VIEW: BULLISH

SGX Nifty indicate a flat opening for the index in India.

The S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.

The Dow Jones Industrial Average rose 131.29 points, or 0.37%, to 35,443.82, the S&P 500 gained 12.86 points, or 0.28%, to 4,536.95 and the Nasdaq Composite added 21.80 points, or 0.14%, to 15,331.18.

Asian Markets

Asian Indices were trading mixed with Kospi and Taiwan Weighted up 0.5 percent each, while Hang Send and Straits Times trading in the red.

China to launch Beijing stock market, President Xi Jinping says

China will set up a new stock exchange in the capital Beijing, President Xi Jinping said Thursday, as the country tries to lure domestic companies into listing at home instead of overseas.

The nation currently has two main exchanges in Shanghai and Shenzhen.

Xi said in a speech at a trade fair that the new stock exchange would support the development of small and medium-sized enterprises, but did not offer further details.

Dollar near one-month low as payrolls test looms

The dollar sank to its lowest in almost a month against major rivals on Friday, ahead of a crucial U.S. jobs report that could spur the Federal Reserve to an earlier tapering of stimulus.

support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,114.1, followed by 16,994. If the index moves up, the key resistance levels to watch out for are 17,299.9 and 17,365.6.

Nifty Bank

The Nifty Bank jumped 257 points to 36,831.30 on September 1. The important pivot level, which will act as crucial support for the index, is placed at 36,568.34, followed by 36,305.37. On the upside, key resistance levels are placed at 36,994.94 and 37,158.57 levels.

Call option data

Maximum Call open interest of 16.41 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level in the September series.

This is followed by 17000 strike, which holds 15.81 lakh contracts, and 16500 strike, which has accumulated 15.19 lakh contracts.

Call writing was seen at 17200 strike, which added 2.25 lakh contracts, followed by 17400 strike, which added 93,450 contracts and 17600 strike which added 79,450 contracts.

Call unwinding was seen at 17100 strike, which shed 85,600 contracts, followed by 17000 strike, which shed 76,900 contracts, and 16700 strike which shed 41,800 contracts.

Put option data

Maximum Put open interest of 28.77 lakh contracts was seen at 16500 strike, which will act as a crucial support level in the September series.

This is followed by 17000 strike, which holds 27.29 lakh contracts, and 16700 strike, which has accumulated 16.62 lakh contracts.

Put writing was seen at 17200 strike, which added 6.06 lakh contracts, followed by 17100 strike which added 2.6 lakh contracts, and 17000 strike which added 2.19 lakh contracts.

Put unwinding was seen at 16600 strike, which shed 13,850 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 348.52 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 381.70 crore in the Indian equity market on September 2, as per provisional data available on the NSE.

SINCE MORNING BOTH NIFTY & BANKNIFTY SHOWED PURE SIDEWAYS MOVE.
NIFTY LIKELY TO FACE RESISTANCE AT 17000 & HAVING STRONG SUPPORT AT 16800, WHEREAS BANKNIFTY IS FACING RESISTANCE AT CURRENT LEVEL I.E 36500 & HAVING SUPPORT AT 36000.

MOVE EXPECTED IN MARKET IN SECOND HALF POSSIBLY!!

OVERALL VIEW: BULLISH WITH SIDEWAYS

LIVE MARKET COMMENTARY @ 1.30 PM

AS TOLD EARLIER, MOVE EXPEXTED IN SECOND HALF🥳
NOW NIFTY FACING RESISTANCE AT 17100 & BANKNIFTY RESISTANCE AT 36750.

IF THESE LEVELS BREAKS, WE MAY SEE MORE HIGH✈️

OVERALL VIEW: BULLISH

SGX Nifty indicate a cautious opening for the index in India .

US Markets

The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.

The Dow Jones Industrial Average fell 48.2 points, or 0.14%, to 35,312.53, the S&P 500 gained 1.41 points, or 0.03%, to 4,524.09 and the Nasdaq Composite added 50.15 points, or 0.33%, to 15,309.38.

Asian Markets

Shares in Asia-Pacific were mixed in Thursday morning trade, with Australia’s July trade data expected later in the day.

In Japan, the Nikkei 225 advanced 0.52% in early trade while the Topix index gained 0.26%. South Korea’s Kospi dipped 0.24%.

SEBI slaps Rs 40 lakh fine on 8 entities in illiquid stock options case

Capital markets regulator SEBI has imposed penalties totalling Rs 40 lakh on eight entities, including individuals, for indulging in non-genuine trades in illiquid stock options at BSE.

In eight separate orders, the regulator levied a fine of Rs 5 lakh each on Nikita Rungta, Aakash Prakash Shah, Abha Mohunta, Aachman Vanijya, Abhi Portfolio, A C Agarwal Commodities, Vinay Ramanlal Shah HUF and Vinodkumar M Jain. The Securities and Exchange Board of India (SEBI) observed large scale reversal of trades in stock options segment of BSE.

With inputs from Reuters & other agencies.

Indian Railways freight loading in August grows to highest ever level

The Indian Railways surpassed its highest-ever freight loading volumes in a month once again in August, after the national carrier managed to transport 110.55 million tonnes of freight last month.

Indian Railways freight loading during August 2021 was 110.55 million tonnes which is 16.87 percent higher when compared to August 2020. The railways earned Rs. 10,866.20 crore from freight loading during August which is 20.2 percent higher when compared to last year.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 17,012.27, followed by 16,948.33. If the index moves up, the key resistance levels to watch out for are 17,182.97 and 17,289.73.

Nifty Bank

The Nifty Bank climbed 149.70 points to close at 36,574.30, outperforming benchmark indices on September 1. The important pivot level, which will act as crucial support for the index, is placed at 36,375.03, followed by 36,175.77. On the upside, key resistance levels are placed at 36,885.63 and 37,196.96 levels.

Call option data

Maximum Call open interest of 16.57 lakh contracts was seen at 17000 strike. This is followed by 17500 strike, which holds 16.03 lakh contracts, and 16,500 strike, which has accumulated 15.39 lakh contracts.

Call writing was seen at 17,500 strike, which added 2.97 lakh contracts, followed by 17,200 strike, which added 1.57 lakh contracts and 17,700 strike which added 94,650 contracts.

Call unwinding was seen at 17,000 strike, which shed 1.56 lakh contracts, followed by 16,700 strike, which shed 1.27 lakh contracts, and 16,600 strike which shed 1.26 lakh contracts.

Put option data

Maximum Put open interest of 27.81 lakh contracts was seen at 16,500 strike, which will act as a crucial support level in the September series.

This is followed by 17,000 strike, which holds 25.10 lakh contracts, and 16,700 strike, which has accumulated 16.10 lakh contracts.

Put writing was seen at 17,000 strike, which added 3.23 lakh contracts, followed by 16,900 strike which added 2.49 lakh contracts, and 17,100 strike which added 2.31 lakh contracts.

Put unwinding was seen at 16,400 strike, which shed 4.36 lakh contracts, followed by 16,300 strike which shed 3.11 lakh contracts, and 16,500 strike which shed 2 lakh contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 666.66 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 1,287.87 crore in the Indian equity market on September 1, as per provisional data available on the NSE.

SINCE MORNING BOTH NIFTY & BANKNIFTY SHOWED PURE SIDEWAYS MOVE.
NIFTY LIKELY TO FACE RESISTANCE AT 17000 & HAVING STRONG SUPPORT AT 16800, WHEREAS BANKNIFTY IS FACING RESISTANCE AT CURRENT LEVEL I.E 36500 & HAVING SUPPORT AT 36000.

MOVE EXPECTED IN MARKET IN SECOND HALF POSSIBLY!!

OVERALL VIEW: BULLISH WITH SIDEWAYS

LIVE MARKET COMMENTARY @ 1.30 PM

AS TOLD EARLIER, MOVE EXPEXTED IN SECOND HALF🥳
NOW NIFTY FACING RESISTANCE AT 17100 & BANKNIFTY RESISTANCE AT 36750.

IF THESE LEVELS BREAKS, WE MAY SEE MORE HIGH✈️

OVERALL VIEW: BULLISH

 SGX Nifty indicate a cautious opening for the index in India .

Wall Street’s main indexes hovered near record highs on Tuesday despite weakness in technology stocks, with the S&P 500 heading for a seventh straight month of gains as fears ebbed over near-term policy tightening by the Federal Reserve.

The Dow Jones Industrial Average rose 37.18 points, or 0.11%, to 35,437.02, the S&P 500 fell 0.25 points, or 0.01%, to 4,528.54, and the Nasdaq Composite lost 18.41 points, or 0.12%, to 15,247.48.

Asian Markets

Asian shares gave up some of their recent gains in cautious trading on Wednesday while the dollar inched back from three-week lows, as worries about slowing global growth in several markets returned to weigh on traders’ minds.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.40%. Japan’s Nikkei gained 0.89% while Australian shares fell 0.58%.

India reports strong Q1 GDP

The gross value added (GVA) at basic prices in 2011-12 prices in April-June this year stood at Rs 30,47,516 crore, lower by 13 percent compared to Rs 35, 15,963 crore in the last quarter (January-March) of 2020-21. The GVA at basic prices in 2011-12 prices in April-June this year stood at Rs 30,47,516 crore, lower by 13 percent compared to Rs 35, 15,963 crore in the last quarter (January-March) of 2020-21.

Also, the GVA during the first quarter of this year was lower by 7.7 percent compared to Rs 33,05,273 crore in the first quarter of 2019-20, the immediate pre-pandemic year.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,813.43, followed by 16,695.77. If the index moves up, the key resistance levels to watch out for are 17,000.13 and 17,069.17.

Nifty Bank

The Nifty Bank outpaced the frontline indices, climbing 719.90 points or 2.02 percent to 36,347.70 on August 30. The important pivot level, which will act as crucial support for the index, is placed at 35,913.53, followed by 35,479.46. On the upside, key resistance levels are placed at 36,590.03 and 36,832.46 levels.

Call option data

Maximum Call open interest of 18.73 lakh contracts was seen at 17,000 strike, which will act as a crucial resistance level in the September series.

This is followed by 16,500 strike, which holds 17.96 lakh contracts, and 16,700 strike, which has accumulated 14.45 lakh contracts.

Call writing was seen at 17,400 strike, which added 5.63 lakh contracts, followed by 17,300 strike, which added 4.96 lakh contracts, and 17,500 strike which added 3.73 lakh contracts.

Call unwinding was seen at 16700 strike, which shed 2.3 lakh contracts, followed by 16500 strike, which shed 1.10 lakh contracts, and 16600 strike which shed 1.07 lakh contracts.

Put option data

Maximum Put open interest of 24.69 lakh contracts was seen at 16,500 strike, which will act as a crucial support level in the September series.

This is followed by 16,700 strike, which holds 16.58 lakh contracts, and 16,200 strike, which has accumulated 16 lakh contracts.

Put writing was seen at 16,800 strike, which added 6.86 lakh contracts, followed by 16,200 strike which added 4.26 lakh contracts, and 16,900 strike which added 3.98 lakh contracts.

Put unwinding was seen at 16,500 strike, which shed 84,150 contracts, followed by 16,600 strike which shed 29,250 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 1,202.81 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 688.85 crore in the Indian equity market on August 30, as per provisional data available on the NSE.

SINCE MORNING BOTH NIFTY & BANKNIFTY SHOWED PURE SIDEWAYS MOVE.
NIFTY LIKELY TO FACE RESISTANCE AT 17000 & HAVING STRONG SUPPORT AT 16800, WHEREAS BANKNIFTY IS FACING RESISTANCE AT CURRENT LEVEL I.E 36500 & HAVING SUPPORT AT 36000.

MOVE EXPECTED IN MARKET IN SECOND HALF POSSIBLY!!

OVERALL VIEW: BULLISH WITH SIDEWAYS

LIVE MARKET COMMENTARY @ 1.30 PM

AS TOLD EARLIER, MOVE EXPEXTED IN SECOND HALF🥳
NOW NIFTY FACING RESISTANCE AT 17100 & BANKNIFTY RESISTANCE AT 36750.

IF THESE LEVELS BREAKS, WE MAY SEE MORE HIGH✈️

OVERALL VIEW: BULLISH

SGX Nifty indicate a negative opening for the index in India.

The S&P 500 and Nasdaq hit record highs on Monday as technology stocks jumped after the Federal Reserve’s dovish comments eased fears of a sudden tapering in monetary stimulus and boosted optimism around an economic recovery.

The Dow Jones Industrial Average was up 0.1%, the S&P 500 and the Nasdaq Composite added 0.59% and 0.91%, respectively.

Asian Markets

Shares in Asia-Pacific mostly slipped in Tuesday morning trade, as data showed slowing Chinese factory activity growth in August.

The Nikkei 225 shed 0.1% while the Topix index declined 0.27%. South Korea’s Kospi dipped 0.15%.

Go Airlines gets Sebi nod for Rs 3,600 crore IPO

Budget carrier Go Airlines, which has rebranded itself as ‘Go First’, has received market regulator Sebi’s go-ahead for an initial public offer worth Rs 3,600 crore.

The airline plans to garner up to Rs 3,600 crore through sale of shares, according to the Draft Red Herring Prospectus (DRHP). It also plans to raise up to Rs 1,500 crore by way of a pre-IPO (Initial Public Offer) placement.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,606.5, followed by 16,507.8. If the index moves up, the key resistance levels to watch out for are 16,763 and 16,820.8.

Nifty Bank

The Nifty Bank underperformed benchmark indices, rising 10.20 points to 35,627.80 on August 27. The important pivot level, which will act as crucial support for the index, is placed at 35,415.36, followed by 35,202.93. On the upside, key resistance levels are placed at 35,784.06 and 35,940.33 levels.

Call option data

Maximum Call open interest of 19.07 lakh contracts was seen at 16500 strike. This is followed by 17000 strike, which holds 18.11 lakh contracts, and 16700 strike, which has accumulated 16.75 lakh contracts.

Call writing was seen at 16700 strike, which added 1.36 lakh contracts, followed by 16900 strike, which added 1.28 lakh contracts and 17500 strike which added 1.23 lakh contracts.

Call unwinding was seen at 16600 strike, which shed 1.13 lakh contracts.

Put option data

Maximum Put open interest of 28.24 lakh contracts was seen at 16000 strike, which will act as a crucial support level in the September series.

This is followed by 16500 strike, which holds 25.53 lakh contracts, and 16700 strike, which has accumulated 14.98 lakh contracts.

Put writing was seen at 16500 strike, which added 4.5 lakh contracts, followed by 16700 strike which added 3.81 lakh contracts, and 16600 strike which added 2.63 lakh contracts.

There was hardly any Put unwinding seen on Friday.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 778.75 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,646.19 crore in the Indian equity market on August 27, as per provisional data available on the NSE.

AFTER A GOOD UPMOVE, NIFTY & BANKNIFTY BOTH FACING MINOR HURDLE AT 16900 & 36250-36300.
ABOVE THESE LEVELS WE MAY WITNESS MORE HIGHS.
WE’VE BEEN SAYING ABT BULLISH MOVE FROM LAST FEW DAYS & NOW MARKET IS TUNING AS PER OUR ANALYSIS🥳

OVERALL VIEW: BULLISH AS ALWAYS

SGX Nifty indicate a positive opening for the index in India .

U.S. MARKETS

Wall Street rallied on Friday, pushing the S&P and the Nasdaq to record closing highs for the fourth time this week, as US Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium calmed fears over the tapering timetable and sent investors into the weekend in a buying mood.

The Dow Jones Industrial Average rose 242.68 points, or 0.69%, to 35,455.8, the S&P 500 gained 39.37 points, or 0.88%, to 4,509.37 and the Nasdaq Composite added 183.69 points, or 1.23%, to 15,129.50.

Asian Markets

Asian shares started the week with gains and the dollar was not far off two-week lows after U.S. Federal Reserve Chairman Jerome Powell struck a more dovish tone than some investors expected in long-awaited speech on Friday.

Japan’s Nikkei rose 0.9% soon after the bell, and MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.32% in early trading before Chinese markets had opened. Australia climbed 0.39% and Korea’s Kopsi gained 0.54%.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,606.5, followed by 16,507.8. If the index moves up, the key resistance levels to watch out for are 16,763 and 16,820.8.

Nifty Bank

The Nifty Bank underperformed benchmark indices, rising 10.20 points to 35,627.80 on August 27. The important pivot level, which will act as crucial support for the index, is placed at 35,415.36, followed by 35,202.93. On the upside, key resistance levels are placed at 35,784.06 and 35,940.33 levels.

Call option data

Maximum Call open interest of 19.07 lakh contracts was seen at 16500 strike. This is followed by 17000 strike, which holds 18.11 lakh contracts, and 16700 strike, which has accumulated 16.75 lakh contracts.

Call writing was seen at 16700 strike, which added 1.36 lakh contracts, followed by 16900 strike, which added 1.28 lakh contracts and 17500 strike which added 1.23 lakh contracts.

Call unwinding was seen at 16600 strike, which shed 1.13 lakh contracts.

Put option data

Maximum Put open interest of 28.24 lakh contracts was seen at 16000 strike, which will act as a crucial support level in the September series.

This is followed by 16500 strike, which holds 25.53 lakh contracts, and 16700 strike, which has accumulated 14.98 lakh contracts.

Put writing was seen at 16500 strike, which added 4.5 lakh contracts, followed by 16700 strike which added 3.81 lakh contracts, and 16600 strike which added 2.63 lakh contracts.

There was hardly any Put unwinding seen on Friday.

Foreign institutional investors (FIIs) net sold shares worth Rs 778.75 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,646.19 crore in the Indian equity market on August 27, as per provisional data available on the NSE.

Inspite of red opening, both nifty & banknifty showed some good covering Thus making 16700 & 35800 a strong hurdle for both nifty & banknifty.

We may see some good move possible if these level breaches.

Overall view BULLISH

SGX Nifty indicate a cautious opening for the index in India.

U.S. MARKETS

Wall Street fell on Thursday on fears of a faster tapering of the Federal Reserve’s bond purchase program, although gains in banks and some strong earnings reports helped cap losses.

The Dow Jones Industrial Average was down 53.39 points, or 0.15%, at 35,352.11 and the S&P 500 was down 10.14 points, or 0.23%, at 4,486.05. The Nasdaq Composite was down 22.96 points, or 0.15%, at 15,018.90.

Asian Markets

Asia-Pacific markets tumbled in early trade on Friday as investors remained cautious ahead of the Federal Reserve’s annual Jackson Hole symposium where Fed Chair Jerome Powell is due to speak.

The Nikkei 225 in Japan declined 0.85% while the Topix index fell 0.74%. South Korea’s Kospi was down 0.33%.

China’s industrial profits in July grow 16.4% YoY

Profits at China’s industrial firms grew at a slower rate of 16.4% on year to 703.67 billion yuan ($108.6 billion) in July, the statistics bureau said on Friday, as elevated commodity prices and supply chain constraints from extreme weather weighed on the sector.

The July growth rate compared with a 20% gain in the previous month. The pace of growth has been slowing for five consecutive months.

For the January-July period, industrial firms’ profits rose 57.3% year-on-year to 4.92 trillion yuan, slowing from a 66.9% increase in the first half of 2021

US slightly upgrades GDP estimate for last quarter to 6.6%

The US economy grew at a robust 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession. But worries are growing that the delta variant of the coronavirus is beginning to cause a slowdown.

The government’s upgraded estimate for growth in the April-June quarter fell somewhat shy of expectations. Some economists had predicted a 7% annual rate or more. They based that view on a belief that consumer spending had accelerated even faster than the sizzling 11.8% rate first reported. Thursday’s revised estimate for consumer spending, which drives about 70% of economic activity, was upgraded by 0.1 percentage point to 11.9%.

Dollar holds firm as Fed hawks urge early taper ahead of Powell’s speech

The dollar held firm on Friday after the U.S. Federal Reserve’s hawkish wing called for tapering bond purchases as investors looked to a highly-anticipated speech by Fed Chair Jerome Powell later in the day.

The dollar index stood at 93.032, bouncing back from Thursday’s low of 92.807 as the euro traded at $1.1755, having eased from the previous day’s high of $1.1779.

 support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,598.97, followed by 16,561.04. If the index moves up, the key resistance levels to watch out for are 16,679.27 and 16,721.63.

Nifty Bank

The Nifty Bank also closed flat, rising 31.35 points to close at 35,617.60 on August 26. The important pivot level, which will act as crucial support for the index, is placed at 35,424.33, followed by 35,231.07. On the upside, key resistance levels are placed at 35,798.33 and 35,979.07 levels.

Call option data

Maximum Call open interest of 54.87 lakh contracts was seen at 16,700 strike, which will act as a crucial resistance level in the September series.

This is followed by 17,000 strike, which holds 36.38 lakh contracts, and 16,800 strike, which has accumulated 36.18 lakh contracts.

Call writing was seen at 16,800 strike, which added 19.41 lakh contracts, followed by 17,000 strike, which added 14.63 lakh contracts, and 16,700 strike which added 12.68 lakh contracts.

There was hardly any Call unwinding seen on expiry day.

Put option data

Maximum Put open interest of 67.8 lakh contracts was seen at 16,600 strike, which will act as a crucial support level in the September series.

This is followed by 16,000 strike, which holds 39.05 lakh contracts, and 16,500 strike, which has accumulated 36.88 lakh contracts.

Put writing was seen at 16,600 strike, which added 17.39 lakh contracts.

Put unwinding was seen at 16,500 strike, which shed 31.91 lakh contracts, followed by 16,400 strike which shed 14.22 lakh contracts, and 16,000 strike which shed 6.7 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,974.48 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,055.21 crore in the Indian equity market on August 26, as per provisional data available on the NSE.

INSPITE OF OPENING IN RED, BOTH NIFTY & BANKNIFTY TRYING TO MOVE UP.
NIFTY HAVING SUPPORT AT 16600 & BANKNIFTY HAVING SUPPORT AT 35450-35400.
TODAY IS WEEKLY EXPIRY, DATA INDICATING SIDEWAYS MOVE IN BOTH INDICES FOR THE MOMENT.
SECOND HALF DATA WILL INDICATE CLEAR MOMENTUM OF MARKET.

OVERALL VIEW: BULLISH, AS FAR AS SUPPORT DOESN’T BREAKS.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,597.33, followed by 16,559.96. If the index moves up, the key resistance levels to watch out for are 16,692.23 and 16,749.77.

Nifty Bank

The Nifty Bank fell 125.80 points to close at 35,586.30 on August 25. The important pivot level, which will act as crucial support for the index, is placed at 35,420.44, followed by 35,254.67. On the upside, key resistance levels are placed at 35,831.14 and 36,076.07 levels.

Call option data

Maximum Call open interest of 67.55 lakh contracts was seen at 16700 strike, which will act as a crucial resistance level in the August series.

This is followed by 16800 strike, which holds 55.6 lakh contracts, and 17000 strike, which has accumulated 51.02 lakh contracts.

Call writing was seen at 16700 strike, which added 20.90 lakh contracts, followed by 16800 strike, which added 8.19 lakh contracts and 16900 strike which added 5.92 lakh contracts.

Call unwinding was seen at 16600 strike, which shed 8.73 lakh contracts, followed by 16500 strike which shed 7.91 lakh contracts, and 16400 strike which shed 2.13 lakh contracts.

Put option data

Maximum Put open interest of 68.8 lakh contracts was seen at 16500 strike, which will act as a crucial support level in the August series.

This is followed by 16600 strike, which holds 50.4 lakh contracts, and 16000 strike, which has accumulated 45.75 lakh contracts.

Put writing was seen at 16600 strike, which added 14.79 lakh contracts, followed by 16700 strike which added 6.19 lakh contracts, and 16000 strike which added 69,100 contracts.

Put unwinding was seen at 15900 strike, which shed 8.3 lakh contracts, followed by 16300 strike which shed 4.28 lakh contracts and 16100 strike which shed 3.77 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,644.91 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 2,380.05 crore in the Indian equity market on August 24, as per provisional data available on the NSE.

SGX Nifty indicate a positive opening for the index in India .

U.S. MARKETS

Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA’s full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.

The Dow Jones Industrial Average rose 30.55 points, or 0.09%, to 35,366.26, the S&P 500 gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite added 77.15 points, or 0.52%, to 15,019.80.

Asian Markets

Asia-Pacific stocks mostly rose in early trade Wednesday, as optimism continued to drive U.S. stocks, with the S&P 500 and Nasdaq reaching record highs overnight.

Nikkei 225 in Japan was up 0.35%, while the Topix jumped 0.39%. The Kospi rose 0.42% while Australia S&P/ASX 200 was up 0.24%.

Oil settles up 3%

Oil prices rose 3% on Tuesday, supported after Mexico suffered a large production outage due to a fire on an oil platform and also by full U.S. regulatory approval of vaccines for COVID-19.

Brent crude oil futures settled up $2.30, or 3.4%, at $71.05 a barrel, while U.S. West Texas Intermediate (WTI) gained $1.90, or 2.9%, to settle at $67.54.

Dollar near one-week low as Delta fears ease

The safe-haven dollar traded near a one-week low versus major peers on Wednesday as concerns eased that the highly contagious Delta coronavirus variant could derail a global economic recovery, lifting commodity-linked currencies like the Aussie.

The dollar index, which tracks the currency against six rivals, was little changed at 92.955, after dipping to 92.804 the previous day for the first time since August 17.

July oil imports hit 1-year low on refinery maintenance

India’s July crude oil imports slumped to their lowest in a year, tanker arrival data from industry sources showed, and are likely to rebound in August as refiners are expected to boost runs after maintenance of units.

Crude imports in July fell 12.5% month-on-month to 3.4 million barrels per day (bpd), but rose 12.8% year-on-year, as refiners shut units for maintenance and cut crude imports anticipating lower fuel demand during the monsoon season.

Government data released on Tuesday showed India’s oil imports declined to about 15.02 million tonnes, about 3.5 million bpd.

Sebi penalises six individuals for violating insider trading rules in Titan case

Capital markets regulator Sebi on Tuesday penalised six individuals for violating insider trading norms in the matter of Titan Company Ltd. The regulator has levied a fine of Rs 1 lakh each on Muniraj Radhakrishnan, Gangadhar Sudheer Kallihal, Punit Juneja, Jayraj P, Arjun Ramji Vishwakarma and Mekat George.

In six separate orders, Sebi said these individuals were employees or designated persons of Titan at the time of the violation

Key support and resistance levels for the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,530.9, followed by 16,437.2. If the index moves up, the key resistance levels to watch out for are 16,682.7 and 16,740.8.

Nifty Bank

The Nifty Bank surged 588 points, or 1.67 percent, to 35,712.10 on August 24. The important pivot level, which will act as crucial support for the index, is placed at 35,256.3, followed by 34,800.5. On the upside, key resistance levels are placed at 35,981.6 and 36,251.1 levels.

Call option data

Maximum Call open interest of 47.41 lakh contracts was seen at 16,800 strike, which will act as a crucial resistance level in the August series.

This is followed by 17,000 strike, which holds 46.9 lakh contracts, and 16,700 strike, which has accumulated 46.7 lakh contracts.

Call writing was seen at 16,800 strike, which added 7.93 lakh contracts, followed by 16,900 strike, which added 3.39 lakh contracts and 17,000 strike which added 1.07 lakh contracts.

Call unwinding was seen at 16,500 strike, which shed a whopping 21.6 lakh contracts, followed by 16,600 strike which shed 16.9 lakh contracts, and 16,400 strike which shed 5.98 lakh contracts.

Put option data

Maximum Put open interest of 68.33 lakh contracts was seen at 16,500 strike, which will act as a crucial support level in the August series.

This is followed by 16,400 strike, which holds 43.87 lakh contracts, and 16,300 strike, which has accumulated 38.32 lakh contracts.

Put writing was seen at 16,600 strike, which added 25.96 lakh contracts, followed by 16,500 strike which added 24.22 lakh contracts, and 16,400 strike which added 5.57 lakh contracts.

Put unwinding was seen at 16,900 strike, which shed 1.5 lakh contracts, followed by 16,100 strike which shed 1.31 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,644.91 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 2,380.05 crore in the Indian equity market on August 24, as per provisional data available on the NSE.

 SGX Nifty indicate a gap-up opening for the index in India .

U.S Markets

Wall Street rallied to close sharply higher at the close of a tumultuous week on waning concerns over whether the US Federal Reserve could begin tightening its dovish monetary policy sooner than expected.

The Dow Jones Industrial Average rose 222.15 points, or 0.64%, to 35,116.27, the S&P 500 gained 35.79 points, or 0.81%, to 4,441.59 and the Nasdaq Composite added 169.95 points, or 1.17%, to 14,711.73.

Asian Markets

Asian share markets were trying to pick up the pieces on Monday following last week’s thrashing as coronavirus concerns showed little sign of abating, while safe-haven flows benefited the dollar ahead of a key update on U.S. monetary policy.

Three insurance-related firms to raise Rs 10,000 crore through IPOs

Adding more fire to the already-frenzied IPO market, three insurance sector companies are entering the primary market with initial public offerings in coming months to mop up over Rs 10,000 crore.

These companies are — PB Fintech, which runs the insurance brokerage Policybazaar; standalone health insurer Star Health & Allied Insurance Company; and third-party administrator Medi Assist Healthcare Service. They have already filed their draft prospectus with markets regulator Sebi.

FPIs pump in Rs 7,245 crore in August so far

Foreign portfolio investors (FPI) have pumped in a net Rs 7,245 crore into the Indian capital markets in August so far amid positive sentiments due to an improving macroeconomic environment. The gradual increase in the amount of net inflows indicates that investors are slowly dropping their cautious stance and gaining higher conviction on the Indian markets, said Himanshu Srivastava, associate director – manager research, Morningstar India.

As per depositories data, Rs 5,001 crore was invested in equities and Rs 2,244 crore in the debt segment by overseas investors between August 2-20. This took the total net investment to Rs 7,245 crore.

Key support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,381.13, followed by 16,311.77. If the index moves up, the key resistance levels to watch out for are 16,514.73 and 16,578.97.

Nifty Bank

The Nifty Bank plunged 520.65 points or 1.46 percent to 35,033.85 on August 20. The important pivot level, which will act as crucial support for the index, is placed at 34,871.43, followed by 34,708.96. On the upside, key resistance levels are placed at 35,251.43 and 35,468.96 levels.

Call option data

Maximum Call open interest of 49.77 lakh contracts was seen at 16500 strike, which will act as a crucial resistance level in the August series.

This is followed by 16600 strike, which holds 44.05 lakh contracts, and 17000 strike, which has accumulated 42.59 lakh contracts.

Call writing was seen at 16500 strike, which added 23.61 lakh contracts, followed by 17100 strike, which added 21.52 lakh contracts and 16400 strike which added 19.25 lakh contracts.

Call unwinding was seen at 16000 strike, which shed 91,250 contracts, followed by 15900 strike which shed 90,400 contracts, and 16200 strike which shed 66,950 contracts.

Put option data

Maximum Put open interest of 43.72 lakh contracts was seen at 16000 strike, which will act as a crucial support level in the August series.

This is followed by 16400 strike, which holds 42.79 lakh contracts, and 16500 strike, which has accumulated 35.33 lakh contracts.

Put writing was seen at 16400 strike, which added 13.15 lakh contracts, followed by 16300 strike which added 8.7 lakh contracts, and 15900 strike which added 5.95 lakh contracts.

Put unwinding was seen at 16600 strike, which shed 11.72 lakh contracts, followed by 16500 strike which shed 10.54 lakh contracts and 16700 strike which shed 3.87 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 2,287.03 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 119.30 crore in the Indian equity market on August 20, as per provisional data available on the NSE.

SGX Nifty indicate a negative opening for the index in India.

U.S. MARKETS

The Dow Industrial and S&P 500 edged up to closing records on Friday and notched a second straight week of gains, buoyed by a climb in Walt Disney shares, but a sharp drop in consumer sentiment kept gains in check.

The Dow Jones Industrial Average rose 15.53 points, or 0.04%, to 35,515.38, the S&P 500 gained 7.17 points, or 0.16%, to 4,468 and the Nasdaq Composite added 6.64 points, or 0.04%, to 14,822.90.

Asian Markets

Asian share markets made a cautious start to the week on Monday ahead of a raft of Chinese data that could confirm a slowdown in the giant economy, as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.

MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trade, having hit its lows for the year last month. Japan’s Nikkei fell 1.2%, though economic growth pipped forecasts for the June quarter.

Devyani International to debut today; experts see over 50% listing gains

KFC & Pizza Hut operator Devyani International is expected to make a stellar debut on bourses on August 16 with most analysts expecting more than 50 percent listing gains.

The Rs 1,838-crore public issue was oversubscribed by 116.71 times during April 4-6. Qualified institutional investors’ reserved portion was subscribed 95.25 times, non-institutional investors part was subscribed 213.06 times, and the portion set aside for retail investors witnessed 39.52 times subscription. Employees’ portion was subscribed 4.7 times.

E-commerce sector may soon get an independent regulator, much like Sebi

The government may consider establishing an independent regulatory authority for the e-commerce sector much like the Securities and Exchange Board of India (SEBI), it said in a statement issued late evening on August 13.

The government which also plans to create an Open Network for Digital Commerce (ONDC) – a platform for sellers and logistics providers to connect with buyers revealed the same following a high level meeting to discuss the progress.

In the meeting which was chaired by Commerce & Industry Minister Piyush Goyal, it was also decided that ONDC will be compliant with the Information Technology Act, 2000 and designed for compliance with the emerging Personal Data Protection Bill.

support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,422.4, followed by 16,315.7. If the index moves up, the key resistance levels to watch out for are 16,589.7 and 16,650.3.

Nifty Bank

The Nifty Bank gained 232.25 points to close at 36,169.35 on August 13. The important pivot level, which will act as crucial support for the index, is placed at 35,993.24, followed by 35,817.07. On the upside, key resistance levels are placed at 36,289.44 and 36,409.47 levels.

Call option data

Maximum Call open interest of 25.57 lakh contracts was seen at 16500 strike, which will act as a crucial resistance level in the August series.

This is followed by 17000 strike, which holds 15.70 lakh contracts, and 16400 strike, which has accumulated 15.45 lakh contracts.

Call writing was seen at 16800 strike, which added 3.87 lakh contracts, followed by 17000 strike, which added 3.5 lakh contracts and 16700 strike which added 3.27 lakh contracts.

Call unwinding was seen at 16300 strike, which shed 4.59 lakh contracts, followed by 16200 strike which shed 2.38 lakh contracts, and 15800 strike which shed 55,700 contracts.

Put option data

Maximum Put open interest of 35.57 lakh contracts was seen at 16000 strike, which will act as a crucial support level in the August series.

This is followed by 16500 strike, which holds 28.56 lakh contracts, and 15800 strike, which has accumulated 25.41 lakh contracts.

Put writing was seen at 16500 strike, which added 9.54 lakh contracts, followed by 16400 strike which added 9.08 lakh contracts, and 16600 strike which added 2.84 lakh contracts.

Put unwinding was seen at 15700 strike, which shed 1.06 lakh contracts.

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 819.77 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 149.50 crore in the Indian equity market on August 13, as per provisional data available on the NSE.

SGX Nifty indicate a flat to negative start for the broader index in India.

U.S. MARKETS

The Dow and S&P 500 jumped to record closes for a third straight day on Thursday, with mega-cap technology stocks driving the market higher as investors warmed to jobs data showing a steady U.S. economic recovery.

The Dow Jones Industrial Average rose 14.88 points, or 0.04%, to 35,499.85, the S&P 500 gained 13.13 points, or 0.30%, to 4,460.83 and the Nasdaq Composite added 51.13 points, or 0.35%, to 14,816.26.

Asian Markets

Asian Markets are trading lower with Kospi down 1 percent, while Hang Send, Straits Times, Shanghai Composite down 0.3-0.9 percent.

RBI buys record gold in H1CY21, reserves cross 700 tonnes

With the highest gold purchase on a half-yearly basis, the Reserve Bank of India’s (RBI) gold reserves, in proportion of its forex reserves, has crossed 700 tonnes for the first time, a report said on August 12.

The central bank purchased a record 29 tonnes of gold, as part of its forex reserves, in the first half of calendar year 2021, Business Standard reported. This takes the RBI’s total gold reserves to 705.6 tonnes, as of June 30, 2021.

Govt to sell up to 25% stake in NSC via IPO

The government has kickstarted the process of selling up to 25 per cent stake in National Seeds Corporation (NSC) through an initial public offering (IPO).

The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers and legal advisors for working on the proposed IPO and subsequent stock exchange listing of the PSU under the Ministry of Agriculture and Farmers Welfare.

ixigo files for Rs 1,600-crore IPO

AI-based travel app ixigo, which is backed by the likes of Sequoia Capital, Elevation Capital (formerly Saif Partners) and Micromax, has filed its papers with market regulator Sebi to raise Rs 1,600 crore via an initial public offer. Moneycontrol has reviewed a copy of the draft red herring prospectus (DRHP).

esults Today:

Godrej Industries, Grasim Industries, NBCC (India), NHPC, Oil and Natural Gas Corporation, Hindustan Aeronautics, Indraprastha Gas, Inox Wind, Burger King India, Sun TV Network, Allcargo Logistics, Archies, D B Corp, Gayatri Projects, Glenmark Pharmaceuticals, Gujarat Mineral Development Corporation, GMR Infrastructure, Godfrey Phillips India, Indian Railway Finance Corporation, IL&FS Investment Managers, Inox Wind Energy, Jammu & Kashmir Bank, Jagran Prakashan, Madhucon Projects, Maharashtra Seamless, Mawana Sugars, Orbit Exports, Orchid Pharma, Petronet LNG, SEAMEC, Sintex Industries, Suven Pharmaceuticals, Suzlon Energy, Tide Water Oil (INDIA), Ucal Fuel Systems, Uttam Galva Steels, Visa Steel, Vivimed Labs and ZEE Learn to announce results on August 13.

support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,309.03, followed by 16,253.67. If the index moves up, the key resistance levels to watch out for are 16,397.63 and 16,430.87.

Nifty Bank

The Nifty Bank climbed 0.36 percent to close at 35,937.05. The important pivot level, which will act as crucial support for the index, is placed at 35,760.63, followed by 35,584.16. On the upside, key resistance levels are placed at 36,055.84 and 36,174.57 levels.

Call option data

Maximum Call open interest of 23.24 lakh contracts was seen at 16,500 strike, which will act as a crucial resistance level in the August series.

This is followed by 16,300 strike, which holds 17.65 lakh contracts, and 16,400 strike, which has accumulated 14.65 lakh contracts.

Call writing was seen at 16,600 strike, which added 1.91 lakh contracts, followed by 16,700 strike, which added 1.36 lakh contracts and 16,400 strike which added 1.17 lakh contracts.

Call unwinding was seen at 16,200 strike, which shed 1.76 lakh contracts, followed by 16,100 strike which shed 65,700 contracts, and 16,000 strike which shed 38,250 contracts.

Put option data

Maximum Put open interest of 34.49 lakh contracts was seen at 16,000 strike, which will act as a crucial support level in the August series.

This is followed by 16,500 strike, which holds 19.02 lakh contracts, 16,200 and 16,300 strikes, which have accumulated 17.96 lakh contracts each.

Put writing was seen at 16,300 strike, which added 7.17 lakh contracts, followed by 16,500 strike which added 3.95 lakh contracts, and 16,400 strike which added 2.97 lakh contracts.

No major Put unwinding was seen today.

Foreign institutional investors (FIIs) net sold shares worth Rs 212.11 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 307.75 crore in the Indian equity market on August 12, as per provisional data available on the NSE.

SGX Nifty indicate a flat opening for the index in India.

U.S. MARKETS

The blue-chip Dow and the benchmark S&P 500 rose to record highs on Tuesday, buoyed by gains in economically sensitive value stocks after the Senate passed a $1 trillion bipartisan infrastructure package.

The Dow Jones Industrial Average rose 172.17 points, or 0.49%, to 35,274.02, the S&P 500 gained 6.56 points, or 0.15%, to 4,438.91 and the Nasdaq Composite dropped 73.34 points, or 0.49%, to 14,786.84.

Asian Markets

Asian shares are trading lower today with Straits Times, Hang Seng and Taiwan Weighted down 0.5 percent each, while Nikkei index is up 0.5 percent.

Oil up more than 2%, boosted by forecast for US fuel demand growth

Oil prices rose more than 2% on Tuesday, rebounding from recent losses on signs of rising fuel demand in the United States despite a surge in COVID-19 cases.

US Senate passes bipartisan $1 trillion infrastructure bill

The US Senate on Tuesday passed a $1 trillion infrastructure package that is a top priority for US President Joe Biden, a bipartisan victory for the White House that could provide the nation’s biggest investment in decades in roads, bridges, airports and waterways.

The vote was 69-30 in the 100-seat chamber, with 19 Republicans voting yes. Immediately after that vote concluded, Senators began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.

RBI issues draft proposals to liberalise overseas investments norms

The Resern.ve Bank on Monday issued draft guidelines to further liberalise regulatory framework governing overseas investments with a view to promote ease of doing business.

The RBI has placed on its website two documents — draft Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021 and draft Foreign Exchange Management (Overseas Investment) Regulations, 2021.

Results on August 11

Cadila Healthcare, Aptech, Aries Agro, Ashiana Housing, Aster DM Healthcare, Antony Waste Handling Cell, Bajaj Electricals, Bata India, BF Utilities, Birla Cable, Bharat Road Network, CESC, CreditAccess Grameen, Cummins India, Endurance Technologies, Equitas Holdings, Force Motors, Greaves Cotton, HEG, IDFC, India Cement, Kolte-Patil Developers, Lemon Tree Hotels, Novartis India, Pidilite Industries, PNC Infratech, Rupa & Company, Take Solutions, VIP Industries, and VA Tech Wabag will release their quarterly earnings on August 11.

support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,201.8, followed by 16,123.5. If the index moves up, the key resistance levels to watch out for are 16,358.8 and 16,437.5.

Nifty Bank

The Nifty Bank rose 5.15 points to close at 36,034.10 on August 10. The important pivot level, which will act as crucial support for the index, is placed at 35,844.07, followed by 35,654.04. On the upside, key resistance levels are placed at 36,270.57 and 36,507.04 levels.

Call option data

Maximum Call open interest of 20.30 lakh contracts was seen at 16,500 strike, which will act as a crucial resistance level in the August series.

This is followed by 16,300 strike, which holds 16.46 lakh contracts, and 16,000 strike, which has accumulated 14.27 lakh contracts.

Call writing was seen at 16,500 strike, which added 2.34 lakh contracts, followed by 17,000 strike, which added 1.15 lakh contracts and 16,300 strike which added 1.03 lakh contracts.

Call unwinding was seen at 16,100 strike, which shed 88,250 contracts, followed by 15800 strike which shed 51,550 contracts, and 16,000 strike which shed 49,050 contracts.

Put option data

Maximum Put open interest of 33.35 lakh contracts was seen at 16,000 strike, which will act as a crucial support level in the August series.

This is followed by 15,500 strike, which holds 25.99 lakh contracts, and 15,800 strike, which has accumulated 23.87 lakh contracts.

Put writing was seen at 16,500 strike, which added 2.52 lakh contracts, followed by 16,200 strike which added 1.57 lakh contracts, and 15,600 strike which added 1.04 lakh contracts.

Put unwinding was seen at 15,500 strike, which shed 1.76 lakh contracts, followed by 15,900 strike which shed 57,500 contracts, and 15,800 strike which shed 40,100 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 178.51 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 689 crore in the Indian equity market on August 10, as per provisional data available on the NSE.

SGX Nifty indicate a flat opening for the index in India.

U.S. MARKETS

The blue-chip Dow and the benchmark S&P 500 rose to record highs on Tuesday, buoyed by gains in economically sensitive value stocks after the Senate passed a $1 trillion bipartisan infrastructure package.

The Dow Jones Industrial Average rose 172.17 points, or 0.49%, to 35,274.02, the S&P 500 gained 6.56 points, or 0.15%, to 4,438.91 and the Nasdaq Composite dropped 73.34 points, or 0.49%, to 14,786.84.

Asian Markets

Asian shares are trading lower today with Straits Times, Hang Seng and Taiwan Weighted down 0.5 percent each, while Nikkei index is up 0.5 percent.

Oil up more than 2%, boosted by forecast for US fuel demand growth

Oil prices rose more than 2% on Tuesday, rebounding from recent losses on signs of rising fuel demand in the United States despite a surge in COVID-19 cases.

US Senate passes bipartisan $1 trillion infrastructure bill

The US Senate on Tuesday passed a $1 trillion infrastructure package that is a top priority for US President Joe Biden, a bipartisan victory for the White House that could provide the nation’s biggest investment in decades in roads, bridges, airports and waterways.

The vote was 69-30 in the 100-seat chamber, with 19 Republicans voting yes. Immediately after that vote concluded, Senators began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.

RBI issues draft proposals to liberalise overseas investments norms

The Resern.ve Bank on Monday issued draft guidelines to further liberalise regulatory framework governing overseas investments with a view to promote ease of doing business.

The RBI has placed on its website two documents — draft Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021 and draft Foreign Exchange Management (Overseas Investment) Regulations, 2021.

Results on August 11

Cadila Healthcare, Aptech, Aries Agro, Ashiana Housing, Aster DM Healthcare, Antony Waste Handling Cell, Bajaj Electricals, Bata India, BF Utilities, Birla Cable, Bharat Road Network, CESC, CreditAccess Grameen, Cummins India, Endurance Technologies, Equitas Holdings, Force Motors, Greaves Cotton, HEG, IDFC, India Cement, Kolte-Patil Developers, Lemon Tree Hotels, Novartis India, Pidilite Industries, PNC Infratech, Rupa & Company, Take Solutions, VIP Industries, and VA Tech Wabag will release their quarterly earnings on August 11.

support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,201.8, followed by 16,123.5. If the index moves up, the key resistance levels to watch out for are 16,358.8 and 16,437.5.

Nifty Bank

The Nifty Bank rose 5.15 points to close at 36,034.10 on August 10. The important pivot level, which will act as crucial support for the index, is placed at 35,844.07, followed by 35,654.04. On the upside, key resistance levels are placed at 36,270.57 and 36,507.04 levels.

Call option data

Maximum Call open interest of 20.30 lakh contracts was seen at 16,500 strike, which will act as a crucial resistance level in the August series.

This is followed by 16,300 strike, which holds 16.46 lakh contracts, and 16,000 strike, which has accumulated 14.27 lakh contracts.

Call writing was seen at 16,500 strike, which added 2.34 lakh contracts, followed by 17,000 strike, which added 1.15 lakh contracts and 16,300 strike which added 1.03 lakh contracts.

Call unwinding was seen at 16,100 strike, which shed 88,250 contracts, followed by 15800 strike which shed 51,550 contracts, and 16,000 strike which shed 49,050 contracts.

Put option data

Maximum Put open interest of 33.35 lakh contracts was seen at 16,000 strike, which will act as a crucial support level in the August series.

This is followed by 15,500 strike, which holds 25.99 lakh contracts, and 15,800 strike, which has accumulated 23.87 lakh contracts.

Put writing was seen at 16,500 strike, which added 2.52 lakh contracts, followed by 16,200 strike which added 1.57 lakh contracts, and 15,600 strike which added 1.04 lakh contracts.

Put unwinding was seen at 15,500 strike, which shed 1.76 lakh contracts, followed by 15,900 strike which shed 57,500 contracts, and 15,800 strike which shed 40,100 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 178.51 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 689 crore in the Indian equity market on August 10, as per provisional data available on the NSE.

SGX Nifty indicate a flat opening for the index in India.

U.S. MARKETS

The S&P 500 dipped on Monday, as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financials stocks, keeping Wall Street’s benchmark index near record levels.

The Dow Jones Industrial Average fell 107.91 points, or 0.31%, to 35,100.6, the S&P 500 lost 4.11 points, or 0.09%, to 4,432.41 and the Nasdaq Composite added 24.42 points, or 0.16%, to 14,860.18.

Asian Markets

Asian shares are trading mixed today with Nikkei up nearly 1 percent, Straits Times and Hang Seng up 0.5 percent each, while Kospi and Shanghai Composite are trading in the red.

10 new stocks in F&O from expiry of August series

Ten new stocks will make a debut in the Futures and Options (F&O) segment from the August series, National Stock Exchange (NSE) said in a regulatory filing on Monday.

The stocks are Can Fin Homes Limited, Dixon Technologies (India) Ltd, Hindustan Aeronautics Limited, Indian Energy Exchange Limited, Indiamart Intermesh Limited, Ipca Laboratories Limited, Multi Commodity Exchange of India Limited, Oracle Financial Services Software Limited, Polycab India Limited, and Syngene International Limited.

Results on August 10

Zomato, Coal India, Lupin, Power Grid Corporation of India, Aarti Surfactants, Ahluwalia Contracts (India), Aarey Drugs & Pharmaceuticals, Ashoka Buildcon, Balaji Telefilms, Mrs Bectors Food Specialities, Brookfield India Real Estate Trust REIT, Computer Age Management Services, Capacite Infraprojects, Century Plyboards, Chalet Hotels, Cochin Shipyard, Deepak Fertilisers, Eveready Industries, Galaxy Surfactants, Godrej Agrovet, Heranba Industries, Infibeam Avenues, IRB Infrastructure Developers, Jindal Steel & Power, Krishna Institute of Medical Sciences, Linde India, Manappuram Finance, Max Financial Services, Motherson Sumi Systems, Prestige Estates Projects, Pricol, Reliance Infrastructure, Sequent Scientific, Siemens, Spencers Retail, Trent, Tata Teleservices (Maharashtra), Whirlpool of India, and Wonderla Holidays will release quarterly earnings on August 10.

support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,184.53, followed by 16,110.87. If the index moves up, the key resistance levels to watch out for are 16,326.33 and 16,394.47.

Nifty Bank

The Nifty Bank outperformed benchmark indices, rising 219.70 points to close at 36,028.95 on August 9. The important pivot level, which will act as crucial support for the index, is placed at 35,707.5, followed by 35,386.1. On the upside, key resistance levels are placed at 36,255.1 and 36,481.3 levels.

Call option data

Maximum Call open interest of 17.96 lakh contracts was seen at 16500 strike, which will act as a crucial resistance level in the August series.

This is followed by 16300 strike, which holds 15.43 lakh contracts, and 16000 strike, which has accumulated 14.76 lakh contracts.

Call writing was seen at 16300 strike, which added 1.8 lakh contracts, followed by 16200 strike, which added 1.04 lakh contracts and 16400 strike which added 83,350 contracts.

Call unwinding was seen at 16500 strike, which shed 2.71 lakh contracts, followed by 15900 strike which shed 1.93 lakh contracts, and 15800 strike which shed 1.42 lakh contracts.

Put option data

Maximum Put open interest of 32.85 lakh contracts was seen at 16000 strike, which will act as a crucial support level in the August series.

This is followed by 15500 strike, which holds 27.75 lakh contracts, and 15800 strike, which has accumulated 24.27 lakh contracts.

Put writing was seen at 16000 strike, which added 2.35 lakh contracts, followed by 16500 strike which added 1.91 lakh contracts, and 16100 strike which added 1.68 lakh contracts.

Put unwinding was seen at 15900 strike, which shed 85,800 contracts, followed by 15700 strike which shed 68,300 contracts, and 16,600 strike which shed 24,150 contracts.

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 211.91 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 716.15 crore in the Indian equity market on August 9, as per provisional data available on the NSE.

SGX Nifty indicate a cautious opening for the index in India .

U.S. MARKETS

U.S. stock indexes rose on Thursday after data showed fewer Americans filed for unemployment benefits last week, while a decline in shares of health insurer Cigna dragged healthcare stocks lower.

The Dow Jones Industrial Average was up 205.61 points, or 0.59%, at 34,998.28, the S&P 500 was up 18.85 points, or 0.43%, at 4,421.51 and the Nasdaq Composite was up 92.02 points, or 0.62%, at 14,872.55.

Asian Markets

Shares in Asia-Pacific largely slipped in Friday morning trade as investors await the release of a closely watched US jobs report.

In Japan, the Nikkei 225 gained 0.11% while the Topix index sat fractionally lower. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.37% lower.

Govt buries ghosts of retrospective tax, tables taxation law amendments in Lok Sabha

Finance Minister Nirmala Sitharaman, on August 5, tabled the Taxation Laws Amendment Bill in Lok Sabha, which seeks to withdraw the contentious retrospective tax more than nine years after it came into force

The move will come as a relief to companies like Cairn Energy and Vodafone, and is likely to end their long-standing legal dispute with the centre.

“The Bill proposes to amend the Income-tax Act, 1961 so as to provide that no tax demand shall be raised in future on the basis of the said retrospective amendment for any indirect transfer of Indian assets if the transaction was undertaken before 28th May, 2012,” Sitharaman said in a written statement along with the bill.

RBI monetary policy today

The three-day monetary policy committee (MPC) meeting has begun on August 4 and the rate-setting panel will announce its decision on August 6. It is extremely unlikely that the MPC will tinker with rates and move either way on the rate stance. A majority of the economists Moneycontrol spoke to expect no change in rates or MPC’s policy stance. High inflation and uncertain growth scenario will likely force the policymakers to continue on a wait-and-watch mode for more cues, they said. Rate-sensitive stocks including banks, realty and auto will be in focus. Names like SBI, PNB, ICICI Bank, HDFC Bank, Maruti Suzuki, Hero MotoCorp, DLF, Oberoi Realty, Godrej Properties and Sobha among other names will be in focus.

US trade deficit hits record in June as imports balloon

A surge in imports of industrial supplies drove the US trade deficit to a record in June, according to government data released Thursday, a sign global supply chains may be coming back online after the pandemic disruptions.

The trade gap widened by $4.6 billion to $75.7 billion, a nearly seven percent increase compared to May, the Commerce Department reported. That was higher than analysts had expected and beat the previous all-time high set that month. Imports of goods and services jumped $6 billion, most of which was accounted for by the rise in industrial materials and supplies such as iron, steel and chemicals, as well as a $1.2 billion increase in non-monetary gold.

Oil rises over 1% as Mideast tensions face virus concerns

Oil prices rose more than 1% on Thursday on increasing Middle East tensions, but gains were capped as fresh restrictions to counter a surge in COVID-19 cases threatened the global energy demand recovery.

Brent crude oil futures rose 91 cents, or 1.3%, to settle at $71.29 a barrel, after earlier dipping below $70 for the first time since July 21. U.S. West Texas Intermediate (WTI) crude futures rose 94 cents, or 1.4%, to settle at $69.09 a barrel.

US unemployment rolls shrinking in boost to labor market recovery

The number of Americans filing new claims for unemployment benefits declined further last week, while layoffs dropped to their lowest level in just over 21 years in July as companies held on to workers amid a labor shortage.

The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy’s health, also showed the number of people on state jobless rolls dropped in late July to its lowest level since March 2020, when mandatory closures of nonessential businesses were enforced to slow the first wave of COVID-19 cases.

Initial claims for state unemployment benefits fell 14,000 to a seasonally adjusted 385,000 for the week ended July 31. Data for the prior week was revised to show 1,000 fewer applications received than previously reported.

Results on August 6

Hindalco Industries, Mahindra & Mahindra, Aarti Industries, Abbott India, Alkem Laboratories, Anupam Rasayan India, APL Apollo Tubes, Asian Granito India, AU Small Finance Bank, Balkrishna Industries, BASF India, Bharat Electronics, BEML, Berger Paints India, Graphite India, Indigo Paints, JK Tyre & Industries, Metropolis Healthcare, MTAR Technologies, Muthoot Finance, NALCO, Piramal Enterprises, SAIL, Sandhar Technologies, Sona BLW Precision Forgings, Tata Power Company, Torrent Power, Ujjivan Small Finance Bank, Voltas, and Zee Entertainment Enterprises.

SOURCE-MONEYCONTROL

support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,195.4, followed by 16,152.6. If the index moves up, the key resistance levels to watch out for are 16,308.9 and 16,379.6.

Nifty Bank

The Nifty Bank declined 25.55 points to close at 35,809.25 on August 6. The important pivot level, which will act as crucial support for the index, is placed at 35,646.37, followed by 35,483.53. On the upside, key resistance levels are placed at 36,026.07 and 36,242.94 levels.

Call option data

Maximum Call open interest of 20.67 lakh contracts was seen at 16500 strike, which will act as a crucial resistance level in the August series.

This is followed by 15800 strike, which holds 15.42 lakh contracts, and 16000 strike, which has accumulated 14.85 lakh contracts.

Call writing was seen at 16600 strike, which added 77,300 contracts, followed by 16700 strike, which added 47,050 contracts and 16400 strike which added 30,550 contracts.

Call unwinding was seen at 16000 strike, which shed 1.01 lakh contracts, followed by 16500 strike which shed 87,200 contracts, and 16300 strike which shed 69,550 contracts.

Put option data

Maximum Put open interest of 30.50 lakh contracts was seen at 16000 strike, which will act as a crucial support level in the August series.

This is followed by 15500 strike, which holds 27.04 lakh contracts, and 15800 strike, which has accumulated 24.32 lakh contracts.

Put writing was seen at 16400 strike, which added 2.37 lakh contracts, followed by 16000 strike which added 1.43 lakh contracts, and 16300 strike which added 84,000 contracts.

Put unwinding was seen at 15800 strike, which shed 3.99 lakh contracts, followed by 15900 strike which shed 1.13 lakh contracts, and 16,100 strike which shed 89,550 contracts.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 69.37 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 631 crore in the Indian equity market on August 6, as per provisional data available on the NSE.

SGX Nifty indicate a cautious opening for the index in India .

U.S. MARKETS

U.S. stock indexes rose on Thursday after data showed fewer Americans filed for unemployment benefits last week, while a decline in shares of health insurer Cigna dragged healthcare stocks lower.

The Dow Jones Industrial Average was up 205.61 points, or 0.59%, at 34,998.28, the S&P 500 was up 18.85 points, or 0.43%, at 4,421.51 and the Nasdaq Composite was up 92.02 points, or 0.62%, at 14,872.55.

Asian Markets

Shares in Asia-Pacific largely slipped in Friday morning trade as investors await the release of a closely watched US jobs report.

In Japan, the Nikkei 225 gained 0.11% while the Topix index sat fractionally lower. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.37% lower.

Govt buries ghosts of retrospective tax, tables taxation law amendments in Lok Sabha

Finance Minister Nirmala Sitharaman, on August 5, tabled the Taxation Laws Amendment Bill in Lok Sabha, which seeks to withdraw the contentious retrospective tax more than nine years after it came into force

The move will come as a relief to companies like Cairn Energy and Vodafone, and is likely to end their long-standing legal dispute with the centre.

“The Bill proposes to amend the Income-tax Act, 1961 so as to provide that no tax demand shall be raised in future on the basis of the said retrospective amendment for any indirect transfer of Indian assets if the transaction was undertaken before 28th May, 2012,” Sitharaman said in a written statement along with the bill.

RBI monetary policy today

The three-day monetary policy committee (MPC) meeting has begun on August 4 and the rate-setting panel will announce its decision on August 6. It is extremely unlikely that the MPC will tinker with rates and move either way on the rate stance. A majority of the economists Moneycontrol spoke to expect no change in rates or MPC’s policy stance. High inflation and uncertain growth scenario will likely force the policymakers to continue on a wait-and-watch mode for more cues, they said. Rate-sensitive stocks including banks, realty and auto will be in focus. Names like SBI, PNB, ICICI Bank, HDFC Bank, Maruti Suzuki, Hero MotoCorp, DLF, Oberoi Realty, Godrej Properties and Sobha among other names will be in focus.

US trade deficit hits record in June as imports balloon

A surge in imports of industrial supplies drove the US trade deficit to a record in June, according to government data released Thursday, a sign global supply chains may be coming back online after the pandemic disruptions.

The trade gap widened by $4.6 billion to $75.7 billion, a nearly seven percent increase compared to May, the Commerce Department reported. That was higher than analysts had expected and beat the previous all-time high set that month. Imports of goods and services jumped $6 billion, most of which was accounted for by the rise in industrial materials and supplies such as iron, steel and chemicals, as well as a $1.2 billion increase in non-monetary gold.

Oil rises over 1% as Mideast tensions face virus concerns

Oil prices rose more than 1% on Thursday on increasing Middle East tensions, but gains were capped as fresh restrictions to counter a surge in COVID-19 cases threatened the global energy demand recovery.

Brent crude oil futures rose 91 cents, or 1.3%, to settle at $71.29 a barrel, after earlier dipping below $70 for the first time since July 21. U.S. West Texas Intermediate (WTI) crude futures rose 94 cents, or 1.4%, to settle at $69.09 a barrel.

US unemployment rolls shrinking in boost to labor market recovery

The number of Americans filing new claims for unemployment benefits declined further last week, while layoffs dropped to their lowest level in just over 21 years in July as companies held on to workers amid a labor shortage.

The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy’s health, also showed the number of people on state jobless rolls dropped in late July to its lowest level since March 2020, when mandatory closures of nonessential businesses were enforced to slow the first wave of COVID-19 cases.

Initial claims for state unemployment benefits fell 14,000 to a seasonally adjusted 385,000 for the week ended July 31. Data for the prior week was revised to show 1,000 fewer applications received than previously reported.

Results on August 6

Hindalco Industries, Mahindra & Mahindra, Aarti Industries, Abbott India, Alkem Laboratories, Anupam Rasayan India, APL Apollo Tubes, Asian Granito India, AU Small Finance Bank, Balkrishna Industries, BASF India, Bharat Electronics, BEML, Berger Paints India, Graphite India, Indigo Paints, JK Tyre & Industries, Metropolis Healthcare, MTAR Technologies, Muthoot Finance, NALCO, Piramal Enterprises, SAIL, Sandhar Technologies, Sona BLW Precision Forgings, Tata Power Company, Torrent Power, Ujjivan Small Finance Bank, Voltas, and Zee Entertainment Enterprises.

SOURCE-MONEYCONTROL

support and resistance levels on the Nifty

According to pivot charts, the key support levels for the Nifty are placed at 16,220.1, followed by 16,145.6. If the index moves up, the key resistance levels to watch out for are 16,359.3 and 16,424.

Nifty Bank

The important pivot level, which will act as crucial support for the index, is placed at 35,625.6, followed by 35,416.4. On the upside, key resistance levels are placed at 36,079.7 and 36,324.6 levels.

Call option data

Maximum Call open interest of 21.55 lakh contracts was seen at 16500 strike, which will act as a crucial resistance level in the August series.

This is followed by 16000 strike, which holds 15.87 lakh contracts, and 15800 strike, which has accumulated 15.76 lakh contracts.

Call writing was seen at 16700 strike, which added 1.7 lakh contracts, followed by 16400 strike, which added 76,150 contracts and 16800 strike which added 73,300 contracts.

Call unwinding was seen at 16000 strike, which shed 1.02 lakh contracts, followed by 15800 strike which shed 97,500 contracts, and 15900 strike which shed 97,050 contracts.

Put option data

Maximum Put open interest of 29.07 lakh contracts was seen at 16000 strike, which will act as a crucial support level in the August series.

This is followed by 15800 strike, which holds 28.31 lakh contracts, and 15500 strike, which has accumulated 26.53 lakh contracts.

Put writing was seen at 16000 strike, which added 4.18 lakh contracts, followed by 16300 strike which added 4.01 lakh contracts, and 16100 strike which added 1.29 lakh contracts.

Put unwinding was seen at 15800 strike, which shed 3.57 lakh contracts, followed by 17000 strike which shed 9,250 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 719.88 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 731.92 crore in the Indian equity market on August 5, as per provisional data available on the NSE.

SGX Nifty indicate a flat to positive opening for the index in India.

U.S. MARKETS

The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.

The Dow Jones Industrial Average rose 278.24 points, or 0.8%, to 35,116.4, the S&P 500 gained 35.99 points, or 0.82%, to 4,423.15 and the Nasdaq Composite added 80.23 points, or 0.55%, to 14,761.30.

Asian Markets:

Asian shares advanced to one-week highs on Wednesday, led largely by strong U.S. corporate earnings, although the mood remained cautious as the rapidly spreading Delta variant of the coronavirus clouds the global economic outlook.

4 IPOs will open for subscription

Four initial public offerings worth more than Rs 3,600 crore open for subscription on August 4 and close on August 6 – Devyani International, Windlas Biotech, Exxaro Tiles and Krsnaa Diagnostics.

Experts recommend investing in Krsnaa Diagnostics and Devyani International shares because both could make listing gains and are also good long-term bets.

E-vehicles exempted from registration certificate fees: Transport Ministry

The Ministry of Road Transport and Highways on Tuesday said it has issued a notification to exempt battery operated vehicles from the payment of fees for issue or renewal of registration certificate.

Results on August 4

State Bank of India, Hindustan Petroleum Corporation, Titan Company, Adani Green Energy, Godrej Consumer Products, Apollo Tyres, Adani Total Gas, Bharat Bijlee, Blue Star, Bosch, Butterfly Gandhimathi Appliances, Chambal Fertilisers & Chemicals, Cholamandalam Financial Holdings, Cosmo Films, Gabriel India, Greenply Industries, H.G. Infra Engineering, HT Media, Mayur Uniquoters, Nava Bharat Ventures, PNB Housing Finance, Solara Active Pharma Sciences, Sonata Software, Subros, Tasty Bite Eatables, Tata Communications and Thomas Cook (India) are among the companies that will announce their June quarter results on August 4.

support and resistance levels of the Nifty

According to pivot charts, the key support level for the Nifty is placed at 15,981.1, followed by 15,831.4. If the index moves up, the key resistance levels to watch out for are 16,213.7 and 16,296.6.

Nifty Bank

The important pivot level, which will act as crucial support for the index, is placed at 34,824.93, followed by 34,442.46. On the upside, key resistance levels are placed at 35,414.13 and 35,620.86 levels.

Call option data

Maximum Call open interest of 22.17 lakh contracts was seen at 16,000 strike, which will act as a crucial resistance level in the August series.

This is followed by 15,800 strike, which holds 19.35 lakh contracts, and 16,500 strike, which has accumulated 18.06 lakh contracts.

Call writing was seen at 16,400 strike, which added 2.52 lakh contracts, followed by 16,500 strike, which added 2.09 lakh contracts and 16,600 strike which added 2.05 lakh contracts.

Call unwinding was seen at 15,800 strike, which shed 2.87 lakh contracts, followed by 15,900 strike which shed 87,600 contracts, and 15,700 strike which shed 42,650 contracts.

Put option data

Maximum Put open interest of 33.23 lakh contracts was seen at 15,800 strike, which will act as a crucial support level in the August series.

This is followed by 16,000 strike, which holds 24.16 lakh contracts, and 15,900 strike, which has accumulated 16.68 lakh contracts.

Put writing was seen at 16,000 strike, which added 11.43 lakh contracts, followed by 15,800 strike which added 5.16 lakh contracts, and 15,900 strike which added 5.15 lakh contracts.

Put unwinding was seen at 15,600 strike, which shed 12,650 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 2,116.6 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 298.54 crore in the Indian equity market on August 3, as per provisional data available on the NSE.

SGX Nifty indicate a negative opening for the index in India.

U.S. MARKET

US stocks reversed course on Monday to finish slightly lower, echoing a decline in oil and Treasury prices, as economic worries related to the Delta variant of the coronavirus outweighed optimism about infrastructure spending and corporate earnings.

The Dow Jones Industrial Average fell 97.31 points, or 0.28%, to 34,838.16, and the Nasdaq Composite added 8.39 points, or 0.06%, to 14,681.07.

Asian Markets

Asian stocks slipped on Tuesday, as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert, rattling investor confidence.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.40% in early trading. Japan’s Nikkei was off 0.85% in early trade.

Sebi revises minimum application value, trading lot for REITs, InvITs

Markets regulator Sebi has reduced the minimum application value of REITs and InvITs, and revised trading lot to one unit for these emerging investment instruments to make them attractive for retail investors. The minimum application value has been cut down to the range of Rs 10,000-15,000 for both REITs and InvITs, compared to the earlier requirement of Rs 50,000 for REITs and Rs 1 lakh for InvITs, Sebi said in two separate notifications dated July 30.

Also, the regulator said the revised trading lot will be of one unit for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Allotment to any investor is required to be made in the multiples of a lot.

Sale of stake in PSU banks postponed to next financial year: Report

The sale of government stake in public sector undertaking (PSU) banks has been postponed to next financial year, a report citing sources said on August 2. The disinvestment programme has been deferred as the Centre would require more time to seek the Parliament’s nod on changes in the law that would clear the privatisation of the selected state-run banks, Bloomberg reported.

An official who spoke with the publication said the Finance Ministry has not finalised the modalities of the law which needs the assent of lawmakers. This leaves the government with an acute shortage of time to complete the privatisation process this year, the anonymous source was reported as saying.

Results on August 3

Bharti Airtel, Adani Enterprises, Adani Ports and Special Economic Zone, Bajaj Healthcare, Bank of India, Barbeque-Nation Hospitality, CARE Ratings, Dabur India, Dhampur Sugar Mills, Prataap Snacks, ELGI Equipments, Everest Industries, Godrej Properties, IIFL Wealth Management, Inox Leisure, Indian Overseas Bank, Kajaria Ceramics, Kalpataru Power Transmission, Munjal Showa, Neuland Laboratories, NOCIL, Shipping Corporation of India, Simplex Realty, Tata Consumer Products, Transport Corporation of India, and TRF will release their quarterly earnings on August 3.

Nifty

According to pivot charts, the key support levels for the Nifty are placed at 15,848.97, followed by 15,812.73. If the index moves up, the key resistance levels to watch out for are 15,907.17 and 15,929.13.

Nifty Bank

The important pivot level, which will act as crucial support for the index, is placed at 34,578.2, followed by 34,446.4. On the upside, key resistance levels are placed at 34,851.8 and 34,993.6 levels.

Call option data

Maximum Call open interest of 22.21 lakh contracts was seen at 15,800 strike, which will act as a crucial resistance level in the August series.

This is followed by 16,000 strike, which holds 22.08 lakh contracts, and 16,500 strike, which has accumulated 15.97 lakh contracts.

Call writing was seen at 15,900 strike, which added 3.3 lakh contracts, followed by 16,000 strike, which added 2.25 lakh contracts and 16,200 strike which added 1.86 lakh contracts.

Call unwinding was seen at 15,700 strike, which shed 93,700 contracts, followed by 15,600 strike which shed 49,150 contracts, and 16,500 strike which shed 27,950 contracts.

Put option data

Maximum Put open interest of 28.06 lakh contracts was seen at 15,800 strike, which will act as a crucial support level in the August series.

This is followed by 15,500 strike, which holds 24.83 lakh contracts, and 15,300 strike, which has accumulated 14.74 lakh contracts.

Put writing was seen at 15,900 strike, which added 5.89 lakh contracts, followed by 15,400 strike which added 4.35 lakh contracts, and 15,300 strike which added 3.86 lakh contracts.

Put unwinding was seen at 15,600 strike, which shed 1 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,539.88 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,505.82 crore in the Indian equity market on August 2, as per provisional data available on the NSE.

SGX Nifty indicate a cautious opening for the index in India.

U.S. MARKETS

U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track.

The Dow Jones Industrial Average fell 0.36%, the S&P 500 was flat, while the tech-focused Nasdaq Composite rebounded 0.7% after hitting its lowest in more than two months on Tuesday.

Asian Markets

Shares in Hong Kong continued to see a rebound in Thursday morning trade from a two-day slump earlier in the week. Meanwhile, Asia-Pacific markets rose after the U.S. Federal Reserve left its benchmark interest rate near zero.

In Japan, the Nikkei 225 advanced 0.51% while the Topix index gained 0.26%. Elsewhere, South Korea’s Kospi rose fractionally while the S&P/ASX 200 in Australia climbed 0.47%.

Fed says economic recovery remains on track despite COVID-19 surge

The U.S. economic recovery is still on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday in a new policy statement that remained upbeat and flagged ongoing talks around the eventual withdrawal of monetary policy support.

In a news conference following the release of the statement, Fed Chair Jerome Powell said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.

Lok Sabha passes Insolvency and Bankruptcy Code Bill 2021

Lok Sabha, the lower house of the Parliament on July 28 passed the Insolvency and Bankruptcy Code (Amendment) Bill 2021. Finance minister Nirmala Sitharaman on Monday tabled the Bill in Lok Sabha. However, it could not be passed then because of disruption in the House.

As per these amendments, the government has notified the threshold of a default not exceeding Rs 1 crore for initiation of a pre-packaged resolution process. It remains unchanged.

Tatva Chintan IPO to debut today

Specialty chemical company Tatva Chintan Pharma Chem is expected to double investors’ money on listing over the issue price. Experts feel the company’s healthy financials with strong return ratios, diversified product portfolio, global presence with wide customer base and overwhelming response to IPO could drive up the listing price of the stock.

The company will list its equity shares today. Its Rs 500-crore issue was subscribed 180.36 times during July 16-20, the second highest subscription seen among IPOs in 2021.

Results on July 29

Tech Mahindra, Colgate-Palmolive (India), AAVAS Financiers, ADF Foods, Aegis Logistics, Ajanta Pharma, CCL Products, Container Corporation of India, Dhanuka Agritech, Dwarikesh Sugar Industries, Eris Lifesciences, Future Retail, GHCL, Home First Finance Company India, Indus Towers, JK Lakshmi Cement, Jindal Stainless (Hisar), Jyothy Labs, Laurus Labs, LIC Housing Finance, Mahindra Holidays & Resorts India, Motilal Oswal Financial Services, Oberoi Realty, Parag Milk Foods, Punjab & Sind Bank, PVR, Raymond, Shoppers Stop, Shriram City Union Finance, TVS Motor Company, Union Bank of India, Vaibhav Global, and Welspun Corp will release quarterly earnings on July 29.

The important pivot level, which will act as crucial support for the index, is placed at 34,151.53, followed by 33,770.16. On the upside, key resistance levels are placed at 34,877.93 and 35,222.97 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,559.43, followed by 15,409.47. If the index moves up, the key resistance levels to watch out for are 15,813.43 and 15,917.47.

Call option data

Maximum Call open interest of 65.63 lakh contracts was seen at 15800 strike, which will act as a crucial resistance level in the July series.

This is followed by 16000 strike, which holds 63.82 lakh contracts, and 15900 strike, which has accumulated 57.35 lakh contracts.

Call writing was seen at 15700 strike, which added 13.60 lakh contracts, followed by 15600 strike which added 10.29 lakh contracts and 15500 strike which added 1.73 lakh contracts.

Call unwinding was seen at 15900 strike, which shed 13.35 lakh contracts, followed by 16300 strike which shed 12.18 lakh contracts, and 16200 strike which shed 11.02 lakh contracts.

Put option data

Maximum Put open interest of 49.89 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15600 strike, which holds 38.70 lakh contracts, and 15700 strike, which has accumulated 35.26 lakh contracts.

Put writing was seen at 15200 strike, which added 8.53 lakh contracts, followed by 15600 strike which added 8.38 lakh contracts, and 15500 strike which added 8.27 lakh contracts.

Put unwinding was seen at 15000 strike, which shed 22.70 lakh contracts, followed by 15800 strike which shed 17.14 lakh contracts, and 15700 strike which shed 9.79 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 2,274.77 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 921.45 crore in the Indian equity market on July 28, as per provisional data available on the NSE.

SGX Nifty indicate a cautious opening for the index in India.

US Markets

US stocks fell from record highs on Tuesday while real US bond yields hit all-time lows, as a sell-off in Chinese shares, economic growth concerns and the Federal Reserve’s policy meeting put investors on guard and drove profit taking.

The Dow Jones Industrial Average ended down 0.2% at 35,059 points, and the S&P 500 shed 0.5% to end at 4,401 points. The Nasdaq Composite slid 1.2% to 14,660 points, its biggest one-day drop since May 12.

Asian Markets

Shares in Asia-Pacific were mixed in Wednesday morning trade, with stocks in Hong Kong paring some losses from a two-day rout.

In Japan, the Nikkei 225 declined 0.74% in morning trade while the Topix index slipped 0.5%. South Korea’s Kospi shed 0.19%.

IMF cuts India’s FY22 GDP forecast to 9.5% from 12.5%

The International Monetary Fund, on July 27, cut India’s gross domestic product (GDP) growth forecast to 9.5 percent for fiscal year 2021-22, from the previous forecast of 12.5 percent, citing the hit on economic activity and demand due to the deadly ‘second wave’ of the COVID-19 pandemic.

“Growth prospects in India have been downgraded following the severe second COVID wave during March–May and expected slow recovery in confidence from that setback,” the multilateral institution said in its latest World Economic Outlook report.

The report said that steady recovery is not assured anywhere so long as segments of the population remain susceptible to the virus and its mutations. “Recovery has been set back severely in countries that experienced renewed waves— notably India,” it said.

US yields slide as growth concerns weigh

US Treasury yields fell on Tuesday, as risk appetite continued to languish amid nagging concerns about high inflation and the fast-spreading Delta coronavirus variant that could thwart global economic growth.

Investors are also cautious ahead of the US Federal Reserve’s two-day monetary policy meeting, which begins on Tuesday. Analysts said the Fed is likely to stand pat on policy, but could discuss plans for tapering its asset purchases during the Jackson Hole, Wyoming, gathering in August.

The yield on 10-year Treasury Inflation-Protected Securities (TIPS) plunged to a record low of -1.147% for a second straight session on Tuesday, as investors bought TIPS concerned about steep consumer prices.

The important pivot level, which will act as crucial support for the index, is placed at 34,611.97, followed by 34,426.54. On the upside, key resistance levels are placed at 35,084.47 and 35,371.54 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,671.17, followed by 15,595.83. If the index moves up, the key resistance levels to watch out for are 15,851.67 and 15,956.83.

Call option data

Maximum Call open interest of 70.70 lakh contracts was seen at 15900 strike, which will act as a crucial resistance level in the July series.

This is followed by 15800 strike, which holds 69.60 lakh contracts, and 16000 strike, which has accumulated 69.32 lakh contracts.

Call writing was seen at 15700 strike, which added 20.60 lakh contracts, followed by 15800 strike which added 20.45 lakh contracts and 15900 strike which added 13.87 lakh contracts.

Call unwinding was seen at 16400 strike, which shed 1.96 lakh contracts, followed by 16000 strike which shed 1 lakh contracts, and 15500 strike which shed 33,750 contracts.

Put option data

Maximum Put open interest of 57.62 lakh contracts was seen at 15000 strike, which will act as a crucial support level in the July series.

This is followed by 15700 strike, which holds 45.06 lakh contracts, and 15500 strike, which has accumulated 41.61 lakh contracts.

Put writing was seen at 15000 strike, which added 7.5 lakh contracts, followed by 15700 strike which added 5.49 lakh contracts, and 15600 strike which added 4.26 lakh contracts.

Put unwinding was seen at 15800 strike, which shed 24.05 lakh contracts, followed by 15900 strike which shed 2.62 lakh contracts, and 15300 strike which shed 2.47 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,459.08 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 729.96 crore in the Indian equity market on July 27, as per provisional data available on the NSE

 SGX Nifty indicate a positive opening for the index in India .

U.S. MARKETS

All three major US stock indexes eked out record closing highs for a second straight session on Monday as investors were optimistic heading into a slew of earnings from heavyweight technology and internet names this week, while caution ahead of a Federal Reserve policy meeting kept the market in check.

The Dow Jones Industrial Average rose 82.76 points, or 0.24%, to 35,144.31, the S&P 500 gained 10.51 points, or 0.24%, to 4,422.3 and the Nasdaq Composite added 3.72 points, or 0.03%, to 14,840.71.

Asian Markets

Shares in Asia-Pacific edged higher in Tuesday morning trade as several major Chinese tech stocks in Hong Kong remained under pressure following a Monday tumble.

Nikkei 225 in Japan gained 0.63% while the Topix index advanced 0.61%. South Korea’s Kospi traded 0.76% higher.

Govt’s net tax collection rises 86% to Rs 5.57 lakh crore in Q1

The government’s total tax collection in the April-June quarter grew about 86 percent to more than Rs 5.57 lakh crore, Parliament was informed on Monday. Out of the total amount, collection of net direct tax stood at Rs 2.46 lakh crore and of indirect tax was at Rs 3.11 lakh crore.

“The net direct tax collection in the 1st quarter of FY 2021-2022 is Rs 2,46,519.82 crore as against Rs 1,17,783.87 crore during the same period of previous FY 2020-21 representing a growth of 109.3 percent,” Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha.

Results on July 27

Dr Reddy’s Laboratories, IndusInd Bank, InterGlobe Aviation, Canara Bank, Aarti Drugs, Ansal Housing, The Anup Engineering, Apar Industries, Arihant Capital Markets, Bhageria Industries, BLS International Services, Confidence Petroleum India, Dalmia Bharat, Dixon Technologies, EIH Associated Hotels, Elantas Beck India, Filatex India, GM Breweries, Godawari Power & Ispat, Granules India, Greenlam Industries, Hindustan Fluorocarbons, IIFL Finance, Karnataka Bank, Lux Industries, Mahindra Logistics, Mirza International, Ramco Cements, Sanofi India, Sharda Cropchem, Shemaroo Entertainment, Snowman Logistics, Torrent Pharmaceuticals, TTK Prestige, UCO Bank and VST Industries will release quarterly earnings on July 27.

The important pivot level, which will act as crucial support for the index, is placed at 34,700.14, followed by 34,450.57. On the upside, key resistance levels are placed at 35,168.73 and 35,387.77 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,783.23, followed by 15,741.97. If the index moves up, the key resistance levels to watch out for are 15,879.53 and 15,934.57.

Call option data

Maximum Call open interest of 70.32 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 15900 strike, which holds 56.83 lakh contracts, and 15800 strike, which has accumulated 49.14 lakh contracts.

Call writing was seen at 15800 strike, which added 14.97 lakh contracts, followed by 15900 strike which added 14.83 lakh contracts and 16000 strike which added 9.12 lakh contracts.

Call unwinding was seen at 16600 strike, which shed 1.34 lakh contracts, followed by 15700 strike which shed 1.33 lakh contracts, and 16500 strike which shed 71,000 contracts.

Put option data

Maximum Put open interest of 56.82 lakh contracts was seen at 15800 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 50.11 lakh contracts, and 15700 strike, which has accumulated 39.56 lakh contracts.

Put writing was seen at 15800 strike, which added 12.43 lakh contracts, followed by 15700 strike which added 9.77 lakh contracts, and 15300 strike which added 7.28 lakh contracts.

Put unwinding was seen at 15000 strike, which shed 7.94 lakh contracts, followed by 15900 strike which shed 1.01 lakh contracts, and 16000 strike which shed 30,000 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 2,376.79 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,551.27 crore in the Indian equity market on July 26, as per provisional data available on the NSE.

SGX Nifty indicate a negative opening for the index in India.

U.S. MARKETS

Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time, as the market continued to roar back from its short-lived swoon at the start of the week. The S&P 500 index climbed 44.31, or 1%, to 4,411.79 to top its prior all-time high, set early last week. The Dow rose 238.20, or 0.7%, to 35,061.55, and the Nasdaq composite gained 152.39, or 1%, to 14,836.99.

Asian Markets

Asian shares struggled to rally on Monday as super-strong US corporate earnings sucked funds out of emerging markets and into Wall Street, where records were falling almost daily.

Japan’s Nikkei bounced 1.6% in early trade, but that was off a seven-month low. South Korea has fared somewhat better thanks to demand for tech stocks but was little changed on Monday.

SEBI gives more time to top 100 listed companies to hold AGM

Easing compliance norms for firms amid ongoing coronavirus pandemic, market regulator SEBI on Friday said the top 100 companies by market capitalisation can delay their annual general meetings (AGM) by a month. Such listed entities will hold their AGM within six months from the date of closing of the financial year for 2020-21, the Securities and Exchange Board of India (SEBI) said in a circular.

Under the rules, the top 100 listed entities by market capitalisation are required to hold their AGM within five months from the date of closing of the financial year.

Reliance Industries Q1 PAT jumps 67% YoY to Rs 13,806 crore

India’s largest company by market capitalisation, Reliance Industries (RIL) on July 23 reported June quarter profit at Rs 13,806 crore, up 66.7 percent year-on-year (YoY), with normalised tax provision. The revenue of the oil-to-telecom conglomerate stood at Rs 1.44 lakh crore. However, the numbers on sequential basis were impacted due to weakness in retail, RIL said.

The company posted record consolidated EBITDA for the quarter under review at Rs 27,550 crore, up 27.6 percent YoY and 3.6 percent QoQ on strong oil-to-chemical (O2C) and digital services performance. Consolidated EBITDA margin grew 190 bps QoQ to 17.3 percent.

“I am happy that our company has delivered robust growth despite facing a highly challenging operating environment caused by the second wave of the COVID pandemic. The results of the first quarter of FY22 clearly demonstrate the resilience of Reliance’s diversified portfolio of businesses that cater to large parts of the consumption basket,” said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

Results on July 26

Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Tata Motors, SBI Life Insurance Company, Vedanta, Alembic Pharmaceuticals, Apollo Pipes, Coromandel International, DLF, Glaxosmithkline Pharmaceuticals, Garden Reach Shipbuilders & Engineers, Jindal Stainless, KPIT Technologies, M&M Financial Services, Navin Fluorine International, Phillips Carbon Black, Ramkrishna Forgings, Sun Pharma Advanced Research Company, Vakrangee, and Zensar Technologies will release quarterly earnings on July 26.

The important pivot level, which will act as crucial support for the index, is placed at 34,596.8, followed by 34,159.2. On the upside, key resistance levels are placed at 35,280 and 35,525.6 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,783, followed by 15,710. If the index moves up, the key resistance levels to watch out for are 15,914.4 and 15,972.8.

Call option data

Maximum Call open interest of 61.20 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 15900 strike, which holds 42 lakh contracts, and 15800 strike, which has accumulated 34.16 lakh contracts.

Call writing was seen at 16000 strike, which added 17.60 lakh contracts, followed by 15900 strike which added 15.27 lakh contracts and 16100 strike which added 11.63 lakh contracts.

Call unwinding was seen at 15700 strike, which shed 2.69 lakh contracts, followed by 15600 strike which shed 1.66 lakh contracts, and 15500 strike which shed 8,800 contracts.

Put option data

Maximum Put open interest of 58.06 lakh contracts was seen at 15000 strike, which will act as a crucial support level in the July series.

This is followed by 15800 strike, which holds 44.39 lakh contracts, and 15500 strike, which has accumulated 36.65 lakh contracts.

Put writing was seen at 15800 strike, which added 18.84 lakh contracts, followed by 15000 strike which added 14.94 lakh contracts, and 15900 strike which added 8.83 lakh contracts.

Put unwinding was seen at 15400 strike, which shed 28,400 contracts, followed by 16500 strike which shed 11,100 contracts, and 16300 strike which shed 6,200 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 163.31 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 2,187.80 crore in the Indian equity market on July 23, as per provisional data available on the NSE.

SGX Nifty indicate a gap-up opening for the index in India.

US Markets

Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.The Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798, the S&P 500 gained 35.63 points, or 0.82%, to 4,358.69 and the Nasdaq Composite added 133.08 points, or 0.92%, to 14,631.95.

Asian Markets

Shares in Asia-Pacific were higher in Thursday morning trade, with markets in Japan closed for a holiday. Hong Kong’s Hang Seng index was among the biggest gainers regionally, rising 1.19% in early trade. The Taiex in Taiwan also gained 1.01%.

Glenmark Life Sciences IPO price band fixed at Rs 695-720, to raise Rs 1,513.6 crore

Glenmark Life Sciences, the subsidiary of pharma major Glenmark Pharmaceuticals, will open its initial public offering for subscription on July 27. This is the 29th public offering to hit Dalal Street in the current year 2021. The price band for the offer, which will close on July 29, has been fixed at Rs 695-720 per equity share, as per the information available in daily business newspapers. The IPO comprises a fresh issue of Rs 1,060 crore and an offer for sale of 63 lakh equity shares by promoter Glenmark Pharmaceuticals. The fund raising comes to Rs 1,513.6 crore at a higher price band.

The company will utilise fresh issue proceeds for payment of outstanding purchase consideration to the promoter for the spin-off of the API business from the promoter into the company pursuant to the Business Purchase Agreement dated October 9, 2018 (Rs 800 crore), and funding capital expenditure requirements (Rs 152.76 crore).

Anand Rathi Wealth files IPO papers with SEBI

Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial share sale. The initial public offer (IPO) is entirely an offer for sale of 1.2 crore equity shares by promoters and existing shareholders, draft red herring prospectus (DRHP)filed with SEBI showed on Tuesday.

Those offering shares in the offer for sale are — Anand Rathi Financial Services Limited, Anand Rathi, Pradeep Gupta, Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Family Trust, Jugal Mantri, and Feroze Azee.

The important pivot level, which will act as crucial support for the index, is placed at 34,217.16, followed by 34,018.93. On the upside, key resistance levels are placed at 34,753.87 and 35,092.34 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,564.23, followed by 15,496.37. If the index moves up, the key resistance levels to watch out for are 15,714.23 and 15,796.37.

Call option data

Maximum Call open interest of 30.16 lakh contracts was seen at 16,000 strike, which will act as a crucial resistance level in the July series.

This is followed by 15,800 strike, which holds 28.17 lakh contracts, and 15,700 strike, which has accumulated 24.10 lakh contracts.

Call writing was seen at 15,700 strike, which added 13.67 lakh contracts, followed by 15,600 strike which added 8.17 lakh contracts and 15,800 strike which added 6.19 lakh contracts.

Call unwinding was seen at 16,200 strike, which shed 2.45 lakh contracts, followed by 16,400 strike which shed 2.30 lakh contracts, and 16,300 strike which shed 2.05 lakh contracts.

Put option data

Maximum Put open interest of 34.57 lakh contracts was seen at 15,000 strike, which will act as a crucial support level in the July series.

This is followed by 15,500 strike, which holds 29.86 lakh contracts, and 15,300 strike, which has accumulated 18.89 lakh contracts.

Put writing was seen at 15,600 strike, which added 3.27 lakh contracts, followed by 15,200 strike which added 2.33 lakh contracts, and 15,300 strike which added 1.92 lakh contracts.

Put unwinding was seen at 15,800 strike, which shed 5.48 lakh contracts, followed by 15,900 strike which shed 2.55 lakh contracts, and 15,000 strike which shed 2.51 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 2,834.96 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 873.14 crore in the Indian equity market on July 20, as per provisional data available on the NSE.

SGX Nifty indicate a cautious opening for the index in India.

U.S. MARKETS

A surge in Delta variant infections sparked a broad sell-off on Wall Street on Monday as investors feared renewed COVID-19 shutdowns and a protracted economic recovery. All three major U.S. stock indexes ended the session sharply lower, with the S&P and the Nasdaq suffering their largest one-day percentage drop since mid-May.

The Dow Jones Industrial Average fell 725.81 points, or 2.09%, to 33,962.04, the S&P 500 lost 68.67 points, or 1.59%, to 4,258.49 and the Nasdaq Composite dropped 152.25 points, or 1.06%, to 14,274.98.

Asian Markets

Shares in Asia-Pacific fell in Tuesday morning trade following an overnight tumble for stocks on Wall Street that saw the Dow Jones Industrial Average plunging more than 700 points.

In Japan, the Nikkei 225 slipped 0.63% while the Topix index fell 0.79%. South Korea’s Kospi declined 0.31%.

Economy to witness 6.5 -7% growth FY23 onwards, to accelerate further: CEA Krishnamurthy Subramanian

The economy will start witnessing a growth of 6.5 to 7 percent from fiscal 2023 onward and accelerate further due to the reforms taken by the government Chief Economic Advisor Krishnamurthy Subramanian said during a virtual event organised by Indian Construction Equipment Manufacturers Association.

“We will grow at a higher rate this year, of course this year growth will be from a lower base. But next year as I said up by FY23. We anticipate between six and a half to 7 percent,” CEA said.

Subramanian pointed out that unlike most of the country which resorted to demand side measures, India also undertook various supply side reforms like creation of bad bank, privatization of public sector banks, increasing the FDI limit in insurance to 74 percent will push growth in the future like they did after the Liberalisation reforms of 1991.

The important pivot level, which will act as crucial support for the index, is placed at 34,869.9, followed by 34,660.6. On the upside, key resistance levels are placed at 35,317.8 and 35,556.4 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,694.3, followed by 15,636.2. If the index moves up, the key resistance levels to watch out for are 15,823.7 and 15,895.

Call option data

Maximum Call open interest of 28.71 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 15800 strike, which holds 21.97 lakh contracts, and 16500 strike, which has accumulated 18.07 lakh contracts.

Call writing was seen at 15800 strike, which added 10.38 lakh contracts, followed by 15700 strike which added 4.01 lakh contracts and 15900 strike which added 2.31 lakh contracts.

Call unwinding was seen at 16300 strike, which shed 2.9 lakh contracts, followed by 16200 strike which shed 2.07 lakh contracts, and 16400 strike which shed 1.44 lakh contracts.

Put option data

Maximum Put open interest of 37.09 lakh contracts was seen at 15000 strike, which will act as a crucial support level in the July series.

This is followed by 15500 strike, which holds 31.26 lakh contracts, and 15800 strike, which has accumulated 18.59 lakh contracts.

Put writing was seen at 15400 strike, which added 2.23 lakh contracts, followed by 15500 strike which added 2.05 lakh contracts, and 15300 strike which added 1.9 lakh contracts.

Put unwinding was seen at 15900 strike, which shed 7.18 lakh contracts, followed by 16000 strike which shed 4.3 lakh contracts, and 15800 strike which shed 1.88 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 2,198.71 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,047.66 crore in the Indian equity market on July 19, as per provisional data available on the NSE.

SGX Nifty indicate a gap-down opening for the index in India .

U.S. MARKETS

Wall Street ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant.

The Dow Jones Industrial Average fell 0.86% to end at 34,687.85 points, while the S&P 500 lost 0.75% to 4,327.16. The Nasdaq Composite dropped 0.8% to 14,427.24.

Asian Markets

Asian shares slipped again on Monday while perceived safe haven assets, including the yen and gold, edged higher as investor risk appetite was soured by fears of rising inflation and a relentless surge in coronavirus cases.

Japan’s Nikkei dropped 1.3% as did Australia’s benchmark share index South Korea’s KOSPI was 1% lower while New Zealand’s shares were off 0.4%.

India’s forex reserves rise by $1.88 billion to record high of $611.89 billion

The country’s foreign exchange reserves increased by $1.883 billion to touch a record high of $611.895 billion in the week ended July 9, RBI data showed on Friday.

In the previous week ended July 2, the reserves had surged by $1.013 billion to $610.012 billion.

In the reporting week ended July 9, the increase in forex reserves was on account of the rise in foreign currency assets (FCA), a major component of the overall reserves, the Reserve Bank of India’s (RBI) weekly data showed.

Clean Science to list today

Specialty chemical company Clean Science & Technology is set to list its equity shares on the bourses today. Experts largely expect the company to start the day with stellar returns of around 60 percent over their issue price, citing attractive valuations and strong financials. Even the grey market premium showed similar returns.

Apart from financials and valuations, the company’s monopoly in many of its products, fundamentals and international presence warrant the listing premium, say experts. In the grey market, the equity share was available at Rs 1,480-1,520, a massive premium of Rs 580-620 or 64.4-68.9 percent over the final issue price of Rs 900, the IPO Watch and IPO Central data showed.

HDFC Bank Q1 profit jumps 16.1% to Rs 7,729.6 crore, NII rises 8.6%

Country’s largest private sector lender HDFC Bank on July 17 reported a 16.1 percent year-on-year growth in standalone profit at Rs 7,729.64 crore for the quarter ended June 2021 despite elevated provisions. Higher other income and pre-provision operating profit along with NII supported profitability. The bank reported a profit of Rs 6,658.62 crore in Q1 FY21.

Net interest income, the difference between interest earned and interest expended, grew by 8.6 percent to Rs 17,009 crore compared to the year-ago quarter, with loan growth of 14.4 percent and a core net interest margin of 4.1 percent. Deposits, at Rs 13.45 lakh crore grew, by 13.2 percent YoY.

The important pivot level, which will act as crucial support for the index, is placed at 35,625.1, followed by 35,498.4. On the upside, key resistance levels are placed at 35,928.2 and 36,104.6 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,883.27, followed by 15,843.13. If the index moves up, the key resistance levels to watch out for are 15,962.87 and 16,002.33.

Call option data

Maximum Call open interest of 29.73 lakh contracts was seen at 16,000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16,300 strike, which holds 17.81 lakh contracts, and 16,200 strike, which has accumulated 17.11 lakh contracts.

Call writing was seen at 16,300 strike, which added 4.86 lakh contracts, followed by 16,400 strike which added 4.33 lakh contracts and 16,000 strike which added 2.64 lakh contracts.

Call unwinding was seen at 15,700 strike, which shed 54,650 contracts, followed by 15,800 strike which shed 46,700 contracts, and 15,600 strike which shed 23,800 contracts.

Put option data

Maximum Put open interest of 29.20 lakh contracts was seen at 15,500 strike, which will act as a crucial support level in the July series.

This is followed by 15,800 strike, which holds 20.49 lakh contracts, and 15,700 strike, which has accumulated 15.95 lakh contracts.

Put writing was seen at 15,400 strike, which added 3.19 lakh contracts, followed by 15,500 strike which added 1.89 lakh contracts, and 15,900 strike which added 1.74 lakh contracts.

Put unwinding was seen at 15,700 strike, which shed 1.15 lakh contracts, followed by 15,400 strike which shed 2,200 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 466.3 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 666.07 crore in the Indian equity market on July 16, as per provisional data available on the NSE.

SGX Nifty indicate a positive opening for the index in India.

U.S. MARKETS

US stock indexes fell on Thursday as a rally in growth stocks ran out of steam, while economically-sensitive cyclicals gained as a fall in weekly jobless claims last week strengthened views about a recovery in the labor market.

The Dow Jones Industrial Average was up 7.35 points, or 0.02%, at 34,940.58 and the S&P 500 was down 14.09 points, or 0.32%, at 4,360.21. The Nasdaq Composite dropped 102.25 points, or 0.70%, at 14,542.70.

Asian Markets

Shares in Asia-Pacific mostly fell in Friday morning trade as investors await the Bank of Japan’s monetary policy statement. The Nikkei 225 in Japan fell 0.84% in morning trade while the Topix index slipped fractionally. South Korea’s Kospi declined 0.52%.

OPEC sees world oil demand reaching pre-pandemic level in 2022

OPEC stuck to its forecast for a strong recovery in world oil demand in the rest of 2021 and predicted oil use would rise further in 2022 similar to pre-pandemic rates, led by growth in China and India.

The Organization of the Petroleum Exporting Countries said in its monthly report on Thursday that demand next year would rise by 3.4% to 99.86 million barrels per day (bpd), averaging more than 100 million bpd in the second half of 2022.

“In 2022, healthy expectations for global economic growth in addition to improved containment of COVID-19 through the acceleration of vaccination programmes, effective treatment and natural immunisation, particularly in emerging and developing countries, along with frequent testing procedures, are assumed to spur consumption of oil next year to comparable pre-pandemic levels,” OPEC said in the report.

The important pivot level, which will act as crucial support for the index, is placed at 35,693.8, followed by 35,480. On the upside, key resistance levels are placed at 36,053.3 and 36,199 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,868.7, followed by 15,813.2. If the index moves up, the key resistance levels to watch out for are 15,966 and 16,007.8.

Call option data

Maximum Call open interest of 27.09 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 15.53 lakh contracts, and 16200 strike, which has accumulated 15.41 lakh contracts.

Call writing was seen at 16300 strike, which added 3.14 lakh contracts, followed by 16200 strike which added 96,050 contracts and 16000 strike which added 88,600 contracts.

Call unwinding was seen at 15800 strike, which shed 3.13 lakh contracts, followed by 15700 strike which shed 1.81 lakh contracts, and 16500 strike which shed 90,250 contracts.

Put option data

Maximum Put open interest of 27.31 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15800 strike, which holds 19.99 lakh contracts, and 15200 strike, which has accumulated 18.67 lakh contracts.

Put writing was seen at 15900 strike, which added 6.04 lakh contracts, followed by 16000 strike which added 3.4 lakh contracts, and 15800 strike which added 3.19 lakh contracts.

Put unwinding was seen at 15500 strike, which shed 5.74 lakh contracts, followed by 15200 strike which shed 4.54 lakh contracts, and 15400 strike which shed 1.62 lakh contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 264.77 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 439.41 crore in the Indian equity market on July 15, as per provisional data available on the NSE.

INSPITE OF FLAT OPENING WE SAW A GOOD COVERING IN BOTH NIFTY & BANKNIFTY.
NOW NIFTY & BANKNIFTY BOTH FACING RESISTANCE AT 15900 & 35900 LEVELS.

IF BOTH INDICES SUSTAINS ABV IT, WE MAY SEE MORE UPMOVE POSSIBLE.

SGX Nifty indicate a cautious opening for the index in India.

U.S. MARKETS

Global stocks prices closed flat and bond yields edged lower on Wednesday after U.S. Federal Reserve Chair Jerome Powell soothed investor angst by saying a recent inflation spike will fade, helping lift the S&P 500 to a fresh intraday record.

The Dow Jones Industrial Average rose 0.13%, the S&P 500 added 0.12% and the Nasdaq Composite slipped 0.22%.

Asian Markets

Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was “still a ways off” from levels the central bank wanted to see before tapering its monetary support.

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade while Japan’s Nikkei dropped 0.4%.

Market capitalisation of BSE-listed firms touches record high; crosses Rs 233 lakh crore

The market capitalisation of BSE-listed companies reached an all-time high of Rs 2,33,06,440.17 crore on Wednesday, mainly driven by optimistic sentiments in the broader market. At close of trade, the BSE Sensex jumped 134.32 points or 0.25 percent to 52,904.05, registering its second straight session of gains.

The market capitalisation of BSE-listed companies reached the new record high of Rs 2,33,06,440.17 crore at the end of the day’s trade. Investors’ wealth has jumped Rs 1,42,806.24 crore in the two days of market rally.

The important pivot level, which will act as crucial support for the index, is placed at 35,467.3, followed by 35,266.4. On the upside, key resistance levels are placed at 35,836.61 and 36,005 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,786.37, followed by 15,718.73. If the index moves up, the key resistance levels to watch out for are 15,899.47 and 15,944.93.

Call option data

Maximum Call open interest of 26.21 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 16.43 lakh contracts, and 15800 strike, which has accumulated 15.19 lakh contracts.

Call writing was seen at 15900 strike, which added 91,650 contracts, followed by 16500 strike which added 75,700 strike and 16300 strike which added 31,050 contracts.

Call unwinding was seen at 16400 strike, which shed 2.61 lakh contracts, followed by 15800 strike which shed 2.56 lakh contracts, and 16100 strike which shed 2.12 lakh contracts.

Put option data

Maximum Put open interest of 33.05 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15200 strike, which holds 23.21 lakh contracts, and 15800 strike, which has accumulated 16.80 lakh contracts.

Put writing was seen at 15700 strike, which added 2.95 lakh contracts, followed by 15900 strike which added 2.44 lakh contracts, and 15800 strike which added 1.32 lakh contracts.

Put unwinding was seen at 15600 strike, which shed 90,250 contracts, followed by 15400 strike which shed 77,500 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,303.95 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,335.91 crore in the Indian equity market on July 14, as per provisional data available on the NSE.

SGX Nifty indicate a negative opening for the index in India.

U.S. MARKETS

Bond yields jumped and global share prices slipped after posting new highs on Tuesday as the biggest hike in U.S. inflation in 13 years rattled investors who fear rising interest rates could end a stock market rally that has doubled prices from 2020 lows.

The Dow Jones Industrial Average fell 0.31% to 34,888.79, the S&P 500 lost 0.35% to 4,369.21 and the Nasdaq Composite dropped 0.38% to 14,677.65.

Asian Markets

Shares in Asia-Pacific mostly slipped in Wednesday morning trade following a hotter-than-expected U.S. inflation report for June overnight.

In Japan, the Nikkei 225 slipped 0.14% while the Topix index sat above the flatline. The Kospi in South Korea dipped 0.26%.

The important pivot level, which will act as crucial support for the index, is placed at 35,433.43, followed by 35,193.46. On the upside, key resistance levels are placed at 35,820.63 and 35,967.86 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,764.33, followed by 15,716.37. If the index moves up, the key resistance levels to watch out for are 15,840.53 and 15,868.77.

Call option data

Maximum Call open interest of 27.64 lakh contracts was seen at 16,000 strike, which will act as a crucial resistance level in the July series.

This is followed by 15,800 strike, which holds 17.75 lakh contracts, and 16,200 strike, which has accumulated 15.74 lakh contracts.

Call writing was seen at 16,200 strike, which added 1.19 lakh contracts.

Call unwinding was seen at 15,700 strike, which shed 3.39 lakh contracts, followed by 15,800 strike which shed 2.06 lakh contracts.

Put option data

Maximum Put open interest of 32.23 lakh contracts was seen at 15,500 strike, which will act as a crucial support level in the July series.

This is followed by 15,200 strike, which holds 22.79 lakh contracts, and 15,800 strike, which has accumulated 15.47 lakh contracts.

Put writing was seen at 15,800 strike, which added 2.13 lakh contracts, followed by 16,200 strike which added 1.99 lakh contracts, and 15,900 strike which added 64,150 contracts.

Put unwinding was seen at 15,300 strike, which shed 1.5 lakh contracts, followed by 15,200 strike which shed 1.03 lakh contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 113.83 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 344.19 crore in the Indian equity market on July 13, as per provisional data available on the NSE.

SGX Nifty indicate a gap-up opening for the index in India.

US Markets

Wall Street’s main indexes rose on Monday, with the Nasdaq and the S&P 500 hitting record highs as investors awaited the start of the second-quarter earnings season and a batch of economic data to gauge the next leg of the equity market.

Dow Jones Industrial Average was up 67.40 points, or 0.19%, at 34,937.56, the S&P 500 was up 8.20 points, or 0.19%, at 4,377.75 and the Nasdaq Composite was up 10.22 points, or 0.07%, at 14,712.14.

Asian Markets

Shares in Asia-Pacific were higher in Tuesday morning trade as investors awaited the release of China’s trade data for June.

The Nikkei 225 in Japan gained 0.75% in morning trade while the Topix index advanced 0.72%. South Korea’s Kospi climbed 0.6%.

RBI issues scheme for retailers to invest in Government securities

The Reserve Bank of India (RBI) on July 12 issued the ‘RBI Retail Direct’ scheme, which is a one-stop solution to facilitate investment in Government Securities by individual investors. Under this, retail investors (individuals) will have the facility to open and maintain the ‘Retail Direct Gilt Account’ (RDG Account) with RBI, the central bank said.

Also, the RDG Account can be opened through an ‘Online portal’ provided for the purpose of the scheme, it said. The ‘Online portal’ will also give the registered users facilities like access to primary issuance of Government securities, access to NDS-OM, the RBI said, adding, the date of commencement of the scheme will be announced at a later date.

Mobikwik files DRHP for Rs 1,900 crore IPO

Online payments firm MobiKwik has filed its draft documents to raise Rs 1,900 crore via a public offering, the latest among a slew of internet companies wanting to list on stock exchanges. About Rs 1,500 crore will be primary share sales while up to Rs 400 crore will be secondary share sales where existing investors can sell their stake.

Jana Small Finance Bank gets Sebi approval to go ahead with IPO

Jana Small Finance Bank has received markets regulator Sebi’s go-ahead to raise funds through an initial share-sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders, according to the draft red herring prospectus (DRHP).

Those selling shares in the offer for sale include Bajaj Allianz Life Insurance Company, Hero Enterprise Partner Ventures, ICICI Prudential Life Insurance Company, Enam Securities, North Haven Private Equity Asia Platinum Pte Ltd, QRG Enterprises and Tree Line Asia Master Fund (Singapore) Pte Ltd.

The Nifty Bank gained 126.95 points at 35,198.90 on July 12. The important pivot level, which will act as crucial support for the index, is placed at 35,041.43, followed by 34,883.96. On the upside, key resistance levels are placed at 35,375.34 and 35,551.77 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,628.53, followed by 15,564.47. If the index moves up, the key resistance levels to watch out for are 15,772.93 and 15,853.27.

Call option data

Maximum Call open interest of 28.24 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 15800 strike, which holds 19.81 lakh contracts, and 16200 strike, which has accumulated 14.54 lakh contracts.

Call writing was seen at 15800 strike, which added 1.08 lakh contracts, followed by 15700 strike which added 80,300 contracts, and 16100 strike which added 63,900 contracts.

Call unwinding was seen at 16300 strike, which shed 70,150 contracts, followed by 16200 strike which shed 47,150 contracts.

Put option data

Maximum Put open interest of 31.97 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 29.67 lakh contracts, and 15200 strike, which has accumulated 23.83 lakh contracts.

Put writing was seen at 15000 strike, which added 2.87 lakh contracts, followed by 15700 strike which added 1.56 lakh contracts, and 15400 strike which added 97,300 contracts.

Put unwinding was seen at 16000 strike, which shed 17,800 contracts, followed by 15900 strike which shed 15,450 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 745.97 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 447.42 crore in the Indian equity market on July 12, as per provisional data available on the NSE.

SGX Nifty indicate a negative opening for the index in India.

U.S. MARKETS

U.S. Treasuries prices maintained gains on Wednesday, holding down yields, and two stock indexes notched record highs after minutes from the Federal Reserve’s latest meeting largely confirmed market expectations. The dollar remained firm.

The Dow Jones Industrial Average rose 104.42 points, or 0.3 percent, to 34,681.79. The broad S&P 500 gained 14.59 points, or 0.34 percent, to 4,358.13. The Nasdaq Composite added 1.42 points, or 0.01 percent, to 14,665.06.

Asian Markets

Shares in Asia-Pacific were mixed in Thursday morning trade as the coronavirus situation in parts of the region weighed on investor sentiment.

In Japan, the Nikkei 225 slipped 0.4% while the Topix index declined 0.16%. The Kospi in South Korea fell 0.12%.

RBI imposes penalties on 14 banks for various rule violations

The Reserve Bank of India (RBI) on July 7 imposed monetary penalties on 14 banks including Bandhan Bank, Bank of Baroda and State Bank of India (SBI) for various rule violations, the central bank said in a press release.

The violations include non-compliance with certain provisions of directions issued by RBI on ‘Lending to Non-Banking Financial Companies (NBFCs)’ ‘Bank Finance to Non-Banking Financial Companies (NBFCs)’ and ‘Loans and Advances – Statutory and Other Restrictions’, the RBI said.

The important pivot level, which will act as crucial support for the index, is placed at 35,534, followed by 35,296.7. On the upside, key resistance levels are placed at 35,902.2 and 36,033.1 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,808.43, followed by 15,737.17. If the index moves up, the key resistance levels to watch out for are 15,922.23 and 15,964.77.

Call option data

Maximum Call open interest of 28 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 16.43 lakh contracts, and 16200 strike, which has accumulated 15.12 lakh contracts.

Call writing was seen at 16000 strike, which added 1.56 lakh contracts, followed by 15800 strike which added 42,700 contracts, and 15900 strike which added 23,800 contracts.

Call unwinding was seen at 16300 strike, which shed 57,450 contracts, followed by 16400 strike which shed 28,400 contracts.

Put option data

Maximum Put open interest of 34.06 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15,200 strike, which holds 20.64 lakh contracts, and 15,800 strike, which has accumulated 13.59 lakh contracts.

Put writing was seen at 15,200 strike, which added 2.21 lakh contracts, followed by 15,800 strike which added 1.6 lakh contracts, and 16,300 strike which added 1.47 lakh contracts.

Put unwinding was seen at 15,500 strike, which shed 79,400 contracts, followed by 15,400 strike which shed 72,750 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 532.94 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 231.80 crore in the Indian equity market on July 7, as per provisional data available on the NSE.

SGX Nifty indicate a negative opening for the index in India.

U.S. MARKETS

The Dow and S&P 500 fell on Tuesday, with financials and other groups closely tied to economic growth leading declines, while the Nasdaq edged higher to another closing record.

The S&P 500 banks index fell 2.5% as U.S. Treasuries rallied, with the 10-year yield hitting its lowest since Feb. 24.Data showed U.S. services industry activity grew at a moderate pace in June, likely restrained by labor and raw material shortages.

The Dow Jones Industrial Average fell 208.98 points, or 0.6%, to 34,577.37, the S&P 500 lost 8.8 points, or 0.20%, to 4,343.54 and the Nasdaq Composite added 24.32 points, or 0.17%, to 14,663.64.

Asian Markets

Shares in Asia-Pacific were mixed in Wednesday morning trade following losses on Wall Street with the S&P 500 ending its seven-day winning streak.

In Japan, the Nikkei 225 dropped 0.75% while the Topix index declined 0.52%. South Korea’s Kospi shed 0.68%.

Oil slips after reaching multi-year highs on OPEC+ dispute

Oil prices slipped on Tuesday, driven by profit-taking in response to multi-year highs reached after OPEC+ producers clashed over plans to raise supply to meet rising global demand. Brent crude was down $1.30 a barrel, or 1.7%, at $75.86 by 1354 GMT, having hit a session peak of $77.84 for its highest since October 2018. U.S. West Texas Intermediate (WTI) crude futures traded down 47 cents, or 0.6%, at $74.69 after touching $76.98 for its highest since November 2014.

Ministers from OPEC+, which groups producers from the Organization of the Petroleum Exporting Countries (OPEC) with Russia and others, abandoned talks on Monday as negotiations failed to close divisions within the group.

The important pivot level, which will act as crucial support for the index, is placed at 35,227.34, followed by 34,875.57. On the upside, key resistance levels are placed at 35,869.13 and 36,159.16 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,774.73, followed by 15,731.27. If the index moves up, the key resistance levels to watch out for are 15,887.93 and 15,957.67.

Call option data

Maximum Call open interest of 26.43 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 16.39 lakh contracts, and 16200 strike, which has accumulated 14.93 lakh contracts.

Call writing was seen at 16200 strike, which added 58,850 contracts, followed by 15900 strike which added 39,850 contracts, and 16100 strike which added 29,100 contracts.

Call unwinding was seen at 15700 strike, which shed 1.18 lakh contracts, followed by 15800 strike which shed 76,550 contracts.

Put option data

Maximum Put open interest of 34.85 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 29.69 lakh contracts, and 15200 strike, which has accumulated 18.43 lakh contracts.

Put writing was seen at 15500 strike, which added 1.84 lakh contracts, followed by 16200 strike which added 1.7 lakh contracts, and 15600 strike which added 1.41 lakh contracts.

Put unwinding was seen at 15100 strike, which shed 80,600 contracts, followed by 15400 strike which shed 72,700 contracts and 15000 strike which shed 30,700 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 543.30 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 521.30 crore in the Indian equity market on July 6, as per provisional data available on the NSE.

INSPITE OF FLAT WITH MILD BEARISH OPENING, BOTH NIFTY & BANKNIFTY CHANGED IT’S DIRECTION & CONTINUED IT’S YESTERDAY MOVE.
NIFTY & BANKNIFTY FACING RESISTANCE AT 15900 & 35600 WITH SUPPORT AT 15800 & 35300.
OVERALL VIEW BULLISH, THUS MAKING EVERY DIP IS BUYING OPPORTUNITY

SGX Nifty indicate a negative opening for the index in India .

The important pivot level, which will act as crucial support for the index, is placed at 35,014.17, followed by 34,816.33. On the upside, key resistance levels are placed at 35,322.07 and 35,432.14 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,782.2, followed by 15,730.1. If the index moves up, the key resistance levels to watch out for are 15,866.2 and 15,898.1.

Call option data

Maximum Call open interest of 26.21 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 16.63 lakh contracts, and 16400 strike, which has accumulated 14.37 lakh contracts.

Call writing was seen at 16200 strike, which added 1.58 lakh contracts, followed by 16500 strike which added 1.11 lakh contracts, and 16300 strike which added 71,400 contracts.

Call unwinding was seen at 15700 strike, which shed 1.56 lakh contracts, followed by 15800 strike which shed 71,000 contracts.

Put option data

Maximum Put open interest of 33.01 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 29.99 lakh contracts, and 15200 strike, which has accumulated 18.08 lakh contracts.

Put writing was seen at 15600 strike, which added 2.71 lakh contracts, followed by 15800 strike which added 1.95 lakh contracts, and 15,900 strike which added 99,550 contracts.

Put unwinding was seen at 15000 strike, which shed 21,600 contracts, followed by 15500 strike which shed 4,600 contracts and 16500 strike which shed 4,150 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 338.43 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 645.59 crore in the Indian equity market on July 5, as per provisional data available on the NSE.

BOTH INDICES, I.E NIFTY & BANKNIFTY SHOWED GAP UP OPENING TODAY THUS MAKING IT TO FACE RESISTANCE AT 15800 FOR NIFTY & 35200 FOR BANKNIFTY.

BOTH INDICES SUSTAINING AT THESE LEVELS. ANY BREACH OF THESE LEVELS & IF BOTH INDICES SUSTAIN ABV THESE LEVELS MAY OPEN MORE HIGH MOVE FOR BOTH NIFTY & BANKNIFTY.

OVERALL VIEW BULLISH.

SGX Nifty indicate a gap-up opening for the index in India.

US Markets

Wall Street scaled new highs on Friday, with the S&P closing up for a seventh straight day, after jobs data for June showed robust hiring yet persistent weakness in the labor market that will keep the Federal Reserve from raising interest rates any time soon.

The Dow Jones Industrial Average rose 152.82 points, or 0.44%, to 34,786.35, the S&P 500 gained 32.4 points, or 0.75%, to 4,352.34 and the Nasdaq Composite added 116.95 points, or 0.81%, to 14,639.33.

Asian Markets

Shares in Asia-Pacific were mixed in Monday morning trade as oil prices hovered about $76 ahead of another meeting between OPEC and its allies. Investors are also looking ahead to data releases in Australia and China.

In Japan, the Nikkei 225 slipped 0.5% in early trade while the Topix index shed 0.43%. South Korea’s Kospi edged 0.33% higher.

SEBI clears IPO application of Zomato

The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) application of food delivery company Zomato, paving the way for one of the most keenly awaited share sales in recent history.

Zomato, backed by China’s Ant Group, filed for the IPO in April and is said to be looking to raise up to $1.2 billion. SEBI is likely to give the official approval this Monday for the IPO, a person familiar with the matter told Moneycontrol.

According to the DRHP filed by Zomato, the company will offer equity shares aggregating up to Rs 8,250 crore (nearly $1.1 billion). Of this, Rs 7,500 crore will be fresh issue, while Rs 750 crore will be an offer for sale for its existing investor Info Edge.

Forex reserves rise by $5 billion to lifetime high of $609 billion

The country’s foreign exchange reserves surged by $5.066 billion to touch a record high of $608.999 billion in the week ended June 25, 2021, RBI data showed. In the previous week ended June 18, the reserves had declined by $4.418 billion to $603.933 billion.

During the week under review, the increase in the forex reserves was on account of a rise in foreign currency assets (FCA), a major component of the overall reserves, Reserve Bank of India’s (RBI) weekly data showed. FCA rose by $4.7 billion to $566.24 billion.

The important pivot level, which will act as crucial support for the index, is placed at 34,663.53, followed by 34,517.17. On the upside, key resistance levels are placed at 34,925.33 and 35,040.76 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,659.37, followed by 15,596.53. If the index moves up, the key resistance levels to watch out for are 15,761.67 and 15,801.13.

Call option data

Maximum Call open interest of 26.56 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 15.51 lakh contracts, and 15800 strike, which has accumulated 14.53 lakh contracts.

Call writing was seen at 16100 strike, which added 1.62 lakh contracts, followed by 16200 strike which added 1.29 lakh contracts, and 15700 strike which added 95,950 contracts.

Call unwinding was seen at 16500 strike, which shed 96,550 contracts, followed by 15900 strike which shed 73,450 contracts.

Put option data

Maximum Put open interest of 33.05 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 30.21 lakh contracts, and 15200 strike, which has accumulated 18.10 lakh contracts.

Put writing was seen at 15000 strike, which added 2.52 lakh contracts, followed by 15500 strike which added 1.54 lakh contracts, and 15,400 strike which added 1.26 lakh contracts.

Put unwinding was seen at 15800 strike, which shed 76,350 contracts, followed by 15900 strike which shed 30,250 contracts and 15100 strike which shed 17,400 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 982.8 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 930.39 crore in the Indian equity market on July 2, as per provisional data available on the NSE.

SGX Nifty indicate a cautious opening for the index in India.

Asian Markets

Asia-Pacific stocks were mixed in Friday morning trade as investors look ahead to a closely-watched U.S. jobs report set to be released later.

The Nikkei 225 in Japan nudged 0.3% higher while the Topix index gained 0.81%. South Korea’s Kospi rose 0.25%.

IMF raises US 2021 growth forecast to 7%

The International Monetary Fund raised its 2021 U.S. growth projection sharply to 7.0% due to a strong recovery from the COVID-19 pandemic and an assumption that much of President Joe Biden’s infrastructure and social spending plans will be enacted.

The IMF’s latest forecast, marking the fastest U.S. growth pace since 1984, compares with an April projection of 4.6% growth in 2021. The Fund raised its 2022 U.S. GDP growth forecast to 4.9%, up from its previous 3.5% April forecast.

Bitcoin drops over 5% to $33,226.36

Bitcoin dropped 5.17% to $33,226.36 on Thursday, losing $1,810.87 from its previous close. The world’s biggest and best-known cryptocurrency is down 48.8% from the year’s high of $64,895.22 hit on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 7.28% to $2,110.53 on Thursday, losing $165.81 from its previous close

The important pivot level, which will act as crucial support for the index, is placed at 34,584.06, followed by 34,484.13. On the upside, key resistance levels are placed at 34,850.77 and 35,017.54 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,646.17, followed by 15,612.33. If the index moves up, the key resistance levels to watch out for are 15,734.67 and 15,789.33.

Call option data

Maximum Call open interest of 26.17 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 16.48 lakh contracts, and 16400 strike, which has accumulated 14.70 lakh contracts.

Call writing was seen at 16000 strike, which added 2.13 lakh contracts, followed by 15700 strike which added 2.02 lakh contracts, and 16300 strike which added 1.44 lakh contracts.

Call unwinding was seen at 16500 strike, which shed 72,450 contracts, followed by 16200 strike which shed 62,800 contracts, and 16400 strike which shed 22,850 contracts.

Put option data

Maximum Put open interest of 31.51 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 27.69 lakh contracts, and 15200 strike, which has accumulated 18.13 lakh contracts.

Put writing was seen at 15000 strike, which added 1.35 lakh contracts, followed by 15700 strike which added 1 lakh contracts, and 14900 strike which added 83,400 contracts.

Put unwinding was seen at 15800 strike, which shed 49,300 contracts, followed by 16000 strike which shed 24,100 contracts and 15900 strike which shed 20,750 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,245.29 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 880.60 crore in the Indian equity market on July 1, as per provisional data available on the NSE.

SGX Nifty indicate a cautious opening for the index in India.

US Markets

The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.

Asian Markets

Shares in Asia-Pacific slipped in Thursday morning trade as investors reacted to the release of Chinese economic data. Nikkei 225 shed 0.39% while the Topix index fell 0.32%.

China June factory growth slows on COVID-19, supply chain snags – Caixin PMI

China’s factory activity expanded at a softer pace in June, as the resurgence of COVID-19 cases in the export province of Guangdong and supply chain woes drove output growth to the lowest in 15 months, a private survey showed on Thursday.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 51.3 last month from May’s 52, marking the 14th month of expansion, but it came below analyst expectations for a only slight slowdown to 51.8

Japan business mood at 2.5-year high as COVID hit eases

Japanese big manufacturers’ business confidence improved in the second quarter to hit a two-and-half-year high, a central bank survey showed, a sign solid global demand was helping the economy emerge from the coronavirus pandemic-induced doldrums.

Service-sector sentiment also turned positive for the first time in five quarters, the Bank of Japan’s (BOJ) “Tankan” survey showed, indicating that the economic recovery was broadening even as Japan struggles to contain a fresh wave of coronavirus infections.

The important pivot level, which will act as crucial support for the index, is placed at 34,596.77, followed by 34,421.33. On the upside, key resistance levels are placed at 35,081.27 and 35,390.33 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,673.83, followed by 15,626.17. If the index moves up, the key resistance levels to watch out for are 15,804.13 and 15,886.77.

Call option data

Maximum Call open interest of 24.03 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 17.20 lakh contracts, and 16400 strike, which has accumulated 14.93 lakh contracts.

Call writing was seen at 16000 strike, which added 1 lakh contracts, followed by 15700 strike which added 81,500 contracts, and 16200 strike which added 14,850 contracts.

Call unwinding was seen at 16500 strike, which shed 78,300 contracts, followed by 16100 strike which shed 63,550 contracts.

Put option data

Maximum Put open interest of 30.9 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 26.33 lakh contracts, and 15200 strike, which has accumulated 17.81 lakh contracts.

Put writing was seen at 15500 strike, which added 2.2 lakh contracts, followed by 15400 strike which added 62,000 contracts, and 16,300 strike which added 55,800 contracts.

Put unwinding was seen at 15600 strike, which shed 74,700 contracts, followed by 16000 strike which shed 45,600 contracts and 15800 strike which shed 31,150 contracts.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,646.66 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,520.18 crore in the Indian equity market on June 30, as per provisional data available on the NSE.

SpiceJet, Vodafone Idea, Alankit, Anant Raj, Archies, BF Utilities, BGR Energy Systems, Binani Industries, Dish TV India, Emami Realty, Fiem Industries, GM Polyplast, Indowind Energy, IRCON International, IVRCL, Liberty Shoes, McNally Bharat Engineering, MEP Infrastructure Developers, Ortel Communications, Sadbhav Engineering, Sanwaria Consumer, Sequent Scientific, Simbhaoli Sugars, Simplex Infrastructures, SREI Infrastructure Finance, Ucal Fuel Systems, Vikas EcoTech, VIP Clothing, Zenith Exports, and Zodiac Clothing.

SGX Nifty indicate a positive opening for the index in India .

U.S. MARKETS

Global shares edged lower on Tuesday, as new coronavirus outbreaks in Asia vied with strong US and European consumer confidence, and investors speculated about whether the Federal Reserve would accelerate its timetable to end easy monetary policy.

Asian Markets

Asian markets were in positive territory in early trade on Wednesday. Japan’s Nikkei 225 rose 0.55% in early trade, and the Topix edged up 0.45%. South Korea’s Kospi was up 0.31%.

Industrial loan growth remained in negative zone during fiscal year 2021: RBI

Credit growth to industry remained in the negative territory during all the four quarters of FY21, the Reserve Bank of India (RBI) said in a quarterly report on June 29. A decline in private consumption and investments by companies during the first year of the COVID pandemic and a shift to the markets for fund-raising may have led to a decline in loan growth by companies.

“Working capital loans in the form of cash credit, overdraft and demand loans, which accounted for a third of total credit, contracted during 2020-21,” the central bank said in a release. Growth in credit to the private corporate sector declined for the sixth successive quarter in January-March 2021 and its share in total credit stood at 28.3 percent.

The important pivot level, which will act as crucial support for the index, is placed at 34,836.86, followed by 34,663.43. On the upside, key resistance levels are placed at 35,260.56 and 35,510.83 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,703.03, followed by 15,657.57. If the index moves up, the key resistance levels to watch out for are 15,814.93 and 15,881.37.

Call option data

Maximum Call open interest of 23.03 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 17.99 lakh contracts, and 16400 strike, which has accumulated 15.15 lakh contracts.

Call writing was seen at 15800 strike, which added 2.69 lakh contracts, followed by 16000 strike which added 2.41 lakh contracts, and 16200 strike which added 87,950 contracts.

Call unwinding was seen at 15700 strike, which shed 23,200 contracts, followed by 15000 strike which shed 2,500 contracts.

Put option data

Maximum Put open interest of 28.69 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 25.77 lakh contracts, and 15200 strike, which has accumulated 17.63 lakh contracts.

Put writing was seen at 15500 strike, which added 1.38 lakh contracts, followed by 15800 strike which added 1.13 lakh contracts, and 15000 strike which added 91,400 contracts.

Put unwinding was seen at 16000 strike, which shed 68,500 contracts, followed by 15200 strike which shed 55,550 contracts and 15900 strike which shed 55,100 contracts.

Foreign institutional investors (FIIs) net bought shares worth Rs 116.63 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,810.05 crore in the Indian equity market on June 29, as per provisional data available on the NSE.

SpiceJet, Vodafone Idea, Alankit, Anant Raj, Archies, BF Utilities, BGR Energy Systems, Binani Industries, Dish TV India, Emami Realty, Fiem Industries, GM Polyplast, Indowind Energy, IRCON International, IVRCL, Liberty Shoes, McNally Bharat Engineering, MEP Infrastructure Developers, Ortel Communications, Sadbhav Engineering, Sanwaria Consumer, Sequent Scientific, Simbhaoli Sugars, Simplex Infrastructures, SREI Infrastructure Finance, Ucal Fuel Systems, Vikas EcoTech, VIP Clothing, Zenith Exports, and Zodiac Clothing.

SGX Nifty indicate a cautious opening for the index in India.

U.S. MARKETS

The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low. Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.

The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.

Asian Markets

Asian markets fell despite gains overnight on Wall Street that saw the S&P 500 and Nasdaq Composite touching fresh record closing highs. The Nikkei 225 fell 1.03% in early trade while the Topix index shed 1.11%. South Korea’s Kospi also declined 0.17%.

The Nifty Bank closed flat at 35,359.4 on June 28. The important pivot level, which will act as crucial support for the index, is placed at 35,204.9, followed by 35,050.4. On the upside, key resistance levels are placed at 35,545.4 and 35,731.4 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,766.03, followed by 15,717.37. If the index moves up, the key resistance levels to watch out for are 15,889.53 and 15,964.37.

Foreign institutional investors (FIIs) net sold shares worth Rs 1,658.72 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,277.08 crore in the Indian equity market on June 28, as per provisional data available on the NSE.

Call option data

Maximum Call open interest of 20.62 lakh contracts was seen at 16,000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16,200 strike, which holds 11.06 lakh contracts, and 15,800 strike, which has accumulated 10.67 lakh contracts.

Call writing was seen at 16,000 strike, which added 3.89 lakh contracts, followed by 16,200 strike which added 3.87 lakh contracts, and 16,100 strike which added 3.66 lakh contracts.

Call unwinding was seen at 15,500 strike, which shed 21,900 contracts, followed by 15,700 strike which shed 7,600 contracts.

Put option data

Maximum Put open interest of 27.31 lakh contracts was seen at 15,500 strike, which will act as a crucial support level in the July series.

This is followed by 15,400 strike, which holds 10.86 lakh contracts, and 15,800 strike, which has accumulated 10.5 lakh contracts.

Put writing was seen at 15,600 strike, which added 3.12 lakh contracts, followed by 15,400 strike which added 1.66 lakh contracts, and 15,800 strike which added 1.34 lakh contracts.

A minor Put unwinding was seen at 16,300 strike, which shed 4,350 contracts.

More than 300 companies will release quarterly earnings on June 28 including NALCO, Aarvee Denims, Autoline Industries, Bartronics India, Eros International Media, Future Lifestyle Fashions, Federal-Mogul Goetze, Gammon India, GIC Housing Finance, IFCI, ISGEC Heavy Engineering, KPI Global Infrastructure, NLC India, Premier Explosives, Sadbhav Infrastructure Project, Surya India, Triveni Turbine, V2 Retail, Viceroy Hotels, Vivimed Labs, Welspun Corp, and Zee Media Corporation.

The market continued to gain for the second consecutive session on June 25, the first day of the July series, backed by banking & financials, metals, auto and select tech stocks.

The BSE Sensex climbed 226.04 points to 52,925.04, while the Nifty50 jumped 69.90 points to 15,860.40 and formed a bullish candle, resembling a Hanging Man pattern on the daily charts. During the week, the index formed a bullish candle on the weekly scale as it gained 1.1 percent.

“A small positive candle was formed with lower shadow as per daily timeframe chart. Technically, this action indicates a buy on minor dips opportunity in the market. Though this pattern resembles the negative Hanging many type formation, but having this pattern formed at the wrong place, the negative implication is ruled out.

“The Nifty made a swing high of around 15,870 on Friday and this possibly signals repeated testing of key overhead resistance around 15,900 levels. Technically, such repeated testing of overhead resistances could eventually result in an upside breakout of the said hurdle. Hence, a decisive move above 15,900 could open more upside in the short term,”

SGX Nifty indicate a positive opening for the index in India.

sian Markets

Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.

MSCI’s broadest index of Asia-Pacific shares outside Japan was last a shade weaker at 703.17, still near a two-week high of 705.35 made on June 16. Australian shares slipped 0.3% while South Korea’s KOSPI index was slightly higher. Japan’s Nikkei was 0.1% weaker.

Indian economy may grow 8.4-10.1% in current financial year: NCAER

Economic think-tank NCAER expects the Indian economy to grow 8.4-10.1 per cent for the current financial year as against a contraction of 7.3 per cent in the last fiscal. Releasing its quarterly review of the economy, the National Council of Applied Economic Research (NCAER) has pitched for strong fiscal support to push economic growth.

“We estimate that gross domestic product (GDP) will grow 11.5 per cent in Q1 (first quarter) and 8.4-10.1 per cent for the whole year 2021–22.

The Nifty Bank climbed 537.65 points or 1.54 percent to close at 35,364.65 on June 25. The important pivot level, which will act as crucial support for the index, is placed at 35,023.03, followed by 34,681.46. On the upside, key resistance levels are placed at 35,599.03 and 35,833.46 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,798.13, followed by 15,735.97. If the index moves up, the key resistance levels to watch out for are 15,896.63 and 15,932.97.

Foreign institutional investors (FIIs) net sold shares worth Rs 678.84 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,832.76 crore in the Indian equity market on June 25, as per provisional data available on the NSE.

Call option data

Maximum Call open interest of 17.13 lakh contracts was seen at 16500 strike, which will act as a crucial resistance level in the July series.

This is followed by 16000 strike, which holds 16.72 lakh contracts, and 15800 strike, which has accumulated 9.08 lakh contracts.

Call writing was seen at 16400 strike, which added 2.49 lakh contracts, followed by 16500 strike which added 2.12 lakh contracts, and 16000 strike which added 1.07 lakh contracts.

Call unwinding was seen at 15500 strike, which shed 44,350 contracts, followed by 15700 strike which shed 5,550 contracts, and 15600 strike which shed 4,850 contracts.

Put option data

Maximum Put open interest of 25.98 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15200 strike, which holds 10.01 lakh contracts, and 15400 strike, which has accumulated 9.19 lakh contracts.

Put writing was seen at 15800 strike, which added 2.17 lakh contracts, followed by 15400 strike which added 1.98 lakh contracts, and 15200 strike which added 1.84 lakh contracts.

There was hardly any Put unwinding seen on June 25.

More than 300 companies will release quarterly earnings on June 28 including NALCO, Aarvee Denims, Autoline Industries, Bartronics India, Eros International Media, Future Lifestyle Fashions, Federal-Mogul Goetze, Gammon India, GIC Housing Finance, IFCI, ISGEC Heavy Engineering, KPI Global Infrastructure, NLC India, Premier Explosives, Sadbhav Infrastructure Project, Surya India, Triveni Turbine, V2 Retail, Viceroy Hotels, Vivimed Labs, Welspun Corp, and Zee Media Corporation.

SINCE MORNING WE WITNESSED SOME UPMOVE IN BOTH NIFTY & BANKNIFTY.
NOW BOTH INDICES ARE FACING RESISTANCE.
NIFTY RESISTANCE 15850 & BANKNIFTY RESISTANCE 35200 WITH SUPPORTS AT 15750 FOR NIFTY & 34750 FOR BANKNIFTY.

MOST POSSIBLY WE MAY SEE RESISTANCE TO BE BROKEN & MAY WITNESS SOME FRESH UPMOVE.

SGX Nifty indicate a flat start for the broader index in India.

US MARKETS

The Nasdaq and the S&P 500 indexes hit all-time highs on Thursday, with the Dow also jumping, as U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.

Asian Markets

Asian markets were mostly higher tracking US markets overnight. Nikkei and Hang Seng rose 0.5 percent each, while Kospi and Taiwan index gained 0.7% each.

Reliance AGM 2021 | Here are the key announcements made by Chairman Mukesh Ambani

Reliance Industries (RIL) held its 44th annual general meeting (AGM) on June 24. The company’s chairman Mukesh Ambani, while addressing the shareholders, made a number of announcements across its telecom, retail and O2C business segments.

Google and JIO teams have jointly developed a breakthrough smartphone called JIOPHONE Next. The fully-featured smartphone supports the entire suite of applications from both Google and JIO, as well as the Android Play Store through which users will have access to the entire universe of Android Apps, Ambani said.

The Renewable Energy Project Management and Construction Division will provide gigawatt scale end-to-end solutions for large renewable plants across the world. “It will enable and partner with thousands of Green MSME Entrepreneurs, who can deploy kilowatt to megawatt scale solutions in agriculture, industry, residences and transportation. It will provide finance solutions to the stakeholders in our ecosystem,” Mukesh Ambani said.

RIL further announced the launch of new energy business in 2021 with the aim of bridging the green energy divide in India and globally

The Nifty Bank gained 253 points to close at 34,827 on June 24. The important pivot level, which will act as crucial support for the index, is placed at 34,634.5, followed by 34,442. On the upside, key resistance levels are placed at 34,977.41 and 35,127.8 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,721.67, followed by 15,652.83. If the index moves up, the key resistance levels to watch out for are 15,840.37 and 15,890.23.

Call option data

Maximum Call open interest of 64.92 lakh contracts was seen at 15,800 strike, which will act as a crucial resistance level in the July series.

This is followed by 15,900 strike, which holds 49.65 lakh contracts, and 16,000 strike, which has accumulated 41.45 lakh contracts.

There was hardly any Call writing on June 24.

Call unwinding was seen at 15,700 strike, which shed 23.98 lakh contracts, followed by 16,500 strike which shed 19.16 lakh contracts, and 15,800 strike which shed 17.13 lakh contracts.

Put option data

Maximum Put open interest of 39.31 lakh contracts was seen at 15,500 strike, which will act as a crucial support level in the July series.

This is followed by 15,700 strike, which holds 39.01 lakh contracts, and 15,600 strike, which has accumulated 34.54 lakh contracts.

Put writing was seen at 15,700 strike, which added 9.66 lakh contracts, followed by 15,300 strike which added 3.27 lakh contracts, and 15,800 strike which added 2.92 lakh contracts.

Put unwinding was seen at 15,500 strike which shed 14.28 lakh contracts, followed by 15,600 strike which shed 12.61 lakh contracts and 15,400 strike which shed 7.01 lakh contracts.

Ahluwalia Contracts, Andhra Cements, Future Consumer, Reliance Communications, Repco Home Finance, Shalimar Paints, and SJVN will release quarterly earnings on June 26.

SINCE MORNING WE WITNESSED GOOD BUYING SEEN IN BOTH NIFTY & BANKNIFTY.
NIFTY MAJOR SUPPORT AT 15700 & BANKNIFTY SUPPORT SEEN AT 34700. OVERALL DATA POSITIVE, THUS INDICATING FRESH UPMOVE TO COME IN SECOND HALF.
MARKET MAY TURN VOLATILE AS WELL, AS OF RELIANCE AGM TODAY.
STAY CAUTIOUS.

SGX Nifty indicate a cautious opening for the index in India .

The Indian stock market is expected to open in the green.

Asian Markets

Asian markets struggled for direction in Thursday morning trade after the S&P 500 on Wall Street snapped its two-day winning streak overnight. Nikkei 225 hovered above the flatline while the Topix index slipped 0.11%. South Korea’s Kospi gained 0.35%.

US factory activity index rises to record high in June – Markit

A measure of U.S. factory activity climbed to a record high in June, but manufacturers are still struggling to secure raw materials and qualified workers, substantially raising prices for both businesses and consumers.

Data firm IHS Markit said on Wednesday its flash U.S. manufacturing PMI rose to a reading of 62.6 this month. That was the highest since the survey was expanded to cover all manufacturing industries in October 2009 and followed a final reading of 62.1 in May.

The important pivot level, which will act as crucial support for the index, is placed at 34,420.4, followed by 34,266.8. On the upside, key resistance levels are placed at 34,832.6 and 35,091.2 levels.

According to pivot charts, the key support levels for the Nifty are placed at 15,619.67, followed by 15,552.33. If the index moves up, the key resistance levels to watch out for are 15,808.67 and 15,930.33.

Foreign institutional investors (FIIs) net bought shares worth Rs 3,156.53 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,317.20 crore in the Indian equity market on June 23, as per provisional data available on the NSE.

Call option data

Maximum Call open interest of 82.05 lakh contracts was seen at 15,800 strike, which will act as a crucial resistance level in the June series.

This is followed by 15,900 strike, which holds 65.40 lakh contracts, and 16,000 strike, which has accumulated 57.19 lakh contracts.

Call writing was seen at 15,800 strike, which added 30.37 lakh contracts, followed by 15,700 strike which added 16.98 lakh contracts, and 15,900 strike which added 7.7 lakh contracts.

Call unwinding was seen at 16,000 strike, which shed 10.75 lakh contracts, followed by 16,400 strike which shed 1.47 lakh contracts, and 15,500 strike which shed 1.03 lakh contracts.

Put option data

Maximum Put open interest of 53.60 lakh contracts was seen at 15,500 strike, which will act as a crucial support level in the June series.

This is followed by 15,600 strike, which holds 47.15 lakh contracts, and 15,000 strike, which has accumulated 32.6 lakh contracts.

Put writing was seen at 15,600 strike, which added 14.39 lakh contracts, followed by 15,500 strike which added 12.05 lakh contracts, and 15,300 strike which added 3.11 lakh contracts.

Put unwinding was seen at 15,800 strike which shed 8.17 lakh contracts, followed by 15,000 strike which shed 6.48 lakh contracts and 14,900 strike which shed 4.7 lakh contracts.

Oil and Natural Gas Corporation, Ashok Leyland, Allied Computers International, Bodal Chemicals, CL Educate, Deep Industries, Everest Kanto Cylinder, Essar Shipping, Future Supply Chain Solutions, Mishra Dhatu Nigam, Mudra Financial Services, PTC India, South India Paper Mills, Sundaram Multi Pap, Take Solutions, Thangamayil Jewellery, and West Coast Paper Mills will release their quarterly earnings on June 24.

Vodafone Idea, and Sun TV Network