Trade setup for Monday: After showing weakness on Thursday’s August series F&O expiry, the Indian stock market on Friday shifted to base building mode and closed in the green territory. NSE Nifty closed 36 points higher at 17,558, BSE Sensex 59 points north at 58,833 while Nifty Bank index rose 36 points to 38,987. Among the sectors, power, metals, consumer durables and capital goods index were the biggest gainers, while realty and FMCG were the biggest losers. Mid-cap and small-cap indices outperformed Nifty marginally, while the forward decline ratio was positive at 1.48.
As this will be the first trading session on Dalal Street after the Jackson Hole Symposium, here we list the key things one should know first stock market opening bell today:
global market signals
Wall Street extended its decline as US Fed Chairman Jerome Powell reiterated a tough stance on interest rate hikes. In Friday’s session on Wall Street, the Dow Jones fell a little over 3 percent, the tech heavy Nasdaq fell 3.94 percent, the S&P 500 fell 3.37 percent, while the Small Cap 2000 fell 3.30 percent. European and Asian stocks were marginally mixed on Friday as traders and investors awaited a speech by Federal Reserve Chairman Jerome Powell for clues on the gradient of the US central bank’s rate-hike path.
Morning trend in Asian markets
In Monday morning’s deals, the Japanese Nikkei is down 2.91 percent, the South Korean Kospi is down 2.24 percent, the Hang Seng of Hing Kong is up 1.01 percent while the Chinese Shanghai is trading flat.
SGX Nifty in morning session
In the morning session, the SGX Nifty fell over 300 points to 17,352 levels on Monday, indicating a weak start on Dalal Street.
nifty technical outlook
Deepak Jasani, Head of Retail Research, HDFC Securities said, “On the daily chart, Nifty has formed an uncertain Doji after a minor decline. A breakout above/below 17727-17487 will decide the direction of Nifty.”
“Bearish SHARL pattern on Nifty index still persists. Moreover, the index has crossed last week’s low after nine weeks and this shows the first sign of weakness. Also we are seeing a reversal candlestick pattern on the weekly scale. We reiterate that; even a minimum correction of 38.6 per cent of the full rally from 15,200 to 18,000 could lead to a major crackdown in the stocks. Thus, we maintain our stance that the Prudential Strategy is the latest long run in the index. To avoid and book profits, trading bets,” said Mehul Kothari, AVP – Technical Research at Anand Rathi.
bank nifty technical outlook
“Nifty Bank Index remained under pressure during the first few sessions of the last week and retested the 38,000 mark. However, the index came back to reclaim the 39,000 mark and the week was extremely flat. We see Nifty Bank Index further down But let’s maintain a cautious stance. 38,000 We may see a corrective move towards 37,000 to 36,000 in the coming sessions. Views will be ruled out above 40,000 mark depending on the close,” said Mehul Kothari of Anand Rathi.
nifty call option data
As per the data shown by nseindia.com on 26th August at 3.30 pm, the major Total Call Open Interest was seen at 17700 and 17800 strike with total Open Interest of 151468 and 126166 contracts respectively. The 17700 and 17800 strikes saw major call open interest additions, which included 42961 and 34922 contracts, respectively. The strikes from 17200 to 17800 saw no major unwinding.
nifty put option data
As per data shown by nseindia.com on 26th August at 3.30 pm, Major Total Put Open Interest was clocked at 17500 and 17400 strike with total open interest of 99928 and 61880 contracts respectively. Major put open interest additions were seen in the 17500 and 17200 strikes, which included 35374 and 31859 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 39300 and 39500 strike with total open interest of 55360 and 103962 contracts respectively. Major call open interest additions were seen at the 39300 and 39500 strike, with 33328 and 25307 contracts added respectively. The strikes from 38500 to 39500 saw no major call unwinding.
nifty bank put option data
Major Total Put Open Interest was seen at 39000 and 38500 strike with total open interest of 69976 and 53914 contracts respectively. Major put open interest additions were seen at the 39000 and 38500 strikes, which included 28832 and 22096 contracts respectively. The strikes from 38500 to 39500 saw no major put unwinding.
fii dii data
Foreign Institutional Investors (FIIs) made net selloff 51.12 crore shares, while Domestic Institutional Investors (DIIs) have made net purchases As per provisional data available on NSE, shares worth Rs 453.59 crore as on August 26.
NSE F&O Sanctions List
National Stock Exchange (NSE) has added zero stocks under its F&O sanctions list for the trading date 29 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 1.73 per cent to 3.087, while the US 30-year bond yield rose 0.69 per cent to 3.227.
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