Trade setup for Friday: Ignoring slight gains in other markets, the Indian stock market broke a two-day rally and ended in the red zone on Thursday. NSE Nifty closed 82 points lower at 17,522 while BSE Sensex lost 310 points to end at 58,774. Nifty Bank index lost 87 points to close at 38,950. Among sectors, realty and consumer durables were the main gainers while IT was the main loser. The broader market outperformed the Nifty, as evidenced by the positive closing and positive advance/decline ratios in the small-cap and mid-cap indices.
As global markets closely await US Fed chief Jerome Powell’s speech at the Jackson Hole symposium, here we list the key things you need to know first stock market opening bell today,
global market signals
Amid the Jackson Hole symposium, Wall Street ended Thursday on a high note. The Dow Jones rose 0.98 per cent, Nasdaq 1.67 per cent, S&P 500 1.41 per cent and Smallcap 2000 1.36 per cent. Global stocks rose on Thursday after China announced a boost to infrastructure spending (measures by another 1 trillion yuan ($146 billion), Germany avoided a contraction in the second quarter (GDP 0.1 percent) and Investors waited for the start. Central bankers’ much-anticipated Jackson Hole Economic Symposium.
Morning trend of Asian markets
In Friday morning’s deals, the Japanese Nikkei was down 0.98 per cent, Hong Kong’s Hang Seng 3.63 per cent, South Korean Kospi 0.71 per cent while Chinese Shanghai was down 0.02 per cent.
SGX Nifty Technical Outlook
In Friday’s morning session, SGX Nifty is trading 62 points higher at 17,650, indicating a positive start for the Indian stock market today.
Speaking on the SGX Nifty outlook, Anuj Gupta, Vice President – IIFL Securities said, “SGX Nifty is trading higher in this morning’s session which indicates that the Indian stock market may open on a higher note today as the overall outlook for the markets is higher. Trend is positive. Short range of SGX Nifty today is in the range of 17,500 to 17,750 while the broad range of the index is between 17,380 to 17,880 levels.
nifty technical outlook
“Nifty has formed a bearish bearish top on the daily chart and looks to have formed a lower high on a short term basis. Nifty rallies on downside/sell until the high of 17,727 is breached. A breach below 17345 could lead to an acceleration in the downside,” said Deepak Jasani, Head of Retail Research, HDFC Securities.
bank nifty technical outlook
Shilpa Raut, Derivatives Lead Analyst at Prabhudas Lilladher said, “Nifty Bank is likely to face technical resistance at 39,473, above which 39,827 can be seen. However, if it fails to sustain resistance, the next technical target is 38,687. Will stay.”
nifty call option data
As per the data shown by nseindia.com on 25th August at 3.30 pm, the major total call open interest was seen at 17600 and 17700 strike respectively, with total open interest being 55600 and 107424 contracts. The 17700 and 17800 strikes saw major call open interest additions, which included 74712 and 64661 contracts respectively. The strikes from 17200 to 17800 saw no major unwinding.
nifty put option data
The 17500, 17400 and 17200 strikes saw major total put open interest, with total open interest being 62862, 42707 and 41811 contracts respectively. The 17200 and 17300 strikes saw major put open interest additions, which included 27573 and 16347 contracts, respectively. The strikes from 17200 to 17800 saw no major putt openings.
nifty bank call option data
The major total call open interest was seen at 39400 and 39500 strikes with total open interest of 26510 and 76000 contracts respectively. The major call open interest additions were seen at the 39400 and 39500 strike which included 22628 and 50988 contracts respectively. Call unwinding was witnessed at 38500 strike which shed 3988 contracts.
nifty bank put option data
Major Total Put Open Interest was seen at 39000 and 38500 strike with total open interest of 40716 and 30994 contracts respectively. Major put open interest pairs were seen at 39000 and 38500 strike which included 22953 and 13006 contracts respectively. The strikes from 38500 to 39500 saw no major put unwinding.
fii dii data
Foreign Institutional Investors (FIIs) made net purchases 369.06 crore shares, while Domestic Institutional Investors (DIIs) made net sales As per provisional data available on NSE, shares worth 334.31 crore as on August 25.
NSE F&O Sanctions List
National Stock Exchange (NSE) has added zero stocks under its F&O sanctions list for the trading date of 22nd August 2022. Securities in the embargo period under the F&O segment include those companies in which the security has exceeded 95 percent of the market-wide position limit. ,
US Bond Yield
The US 10-year bond yield rose 0.31 per cent to 3.033 while the US 30-year bond yield rose 0.39 per cent to 3.247.
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