Volumes on the NSE were higher than the recent average on the day of weekly derivatives expiry. Broad market outperformed mid-cap and small-cap indices nifty And the forward decline ratio though positive (at 1.50) was not encouraging.
trade setup for today
Following the decline in US GDP for the second straight quarter, here we list the key things to know before today’s opening bell:
global market signals
Despite declining US GDP for the second quarter in a row, Wall Street ended in positive territory as major tech companies reported better than expected earnings results. During Thursday’s deals on Wall Street, the Dow Jones rose 1.03 per cent, while the Nasdaq rose 1.08 per cent. The S&P 500 jumped 1.21 per cent while the Small Cap 2000 rose 1.34 per cent.
European shares tumbled to session highs on Thursday as declining earnings flashed a global rally driven by easing concerns about the future momentum of US interest rate hikes.
Asian market in morning session
In Friday morning’s deals, the Japanese Nikkei is down 0.20 per cent, Hong Kong’s Hang Seng is down 0.23 per cent while China’s Shanghai is up 0.04 per cent to the north.
US Q2 GDP Data
The US Commerce Department said in a preliminary estimate on Thursday that US gross domestic product (GDP) declined 0.9 per cent in the second quarter of this year, down from 1.6 per cent. ,
sgx nifty today
In Friday morning deals, SGX Nifty is quoted 172 points higher than its Thursday close, indicating a gap up opening for the Indian markets in today’s bell.
Anuj Gupta, Vice President (Research), IIFL Securities said, “SGX Nifty is overquoting by a huge margin, indicating that there could be a gap in the Indian markets today despite weak US GDP data.”
Anuj Gupta said immediate support for SGX Nifty is placed at 16,950 while 16,700 is the key support for the index. He further added that immediate hurdle for SGX Nifty has been placed at 17,350 while it is facing strong hurdle at 17,580 level.
nifty technical outlook
“Nifty has formed its third back to back up gap since July 15. None of the earlier two up gaps have been filled so far which suggests the strength of the upward thrust. Large move detected Looks like FPIs have now revived. India is largely behind us in the form of uncertainty over rate hike. Bands 17,092 to 17,132 is the next resistance for Nifty while 16,752 remains near-term support, said Deepak Jasani, Head of Retail Research at HDFC Securities.
bank nifty technical outlook
“Immediate support for Bank Nifty is placed at 37,000, while 36,800 is expected to act as key support for the banking index. Similarly, Nifty Bank is facing immediate hurdle at 37,700, while 37,900 for the index Therefore, in other words, riskier traders can take a smaller range of the index between 37,000 to 37,700, while the broader range of the Nifty Bank index can be between 36,800 to 37,900, said Sumeet Bagadiya, executive director, High Choice Broking. is expected to be.
nifty call option data
“Maximum Total Call Open Interest was seen at 17000, 17100 and 17200 strikes with Total Open Interest seen at 60226, 35403 and 40881 contracts respectively. Maximum Call Open Interest additions were seen at 17000, 17200 and 17400 strikes, That included 27591, 19602 and 23187 contracts. “Call unwinding was witnessed at 16700 strike, which left 7103 contracts,” said Chinmoy Barve, Head of Technical and Derivatives Research at Profitmart Securities.
nifty put option data
As per the data shown by nseindia.com on July 28 at 3.30 pm, the maximum total Put Open Interest was observed at 16800, 16700 and 16600 strikes, with the total Open Interest being 63668, 62117 and 66568 contracts respectively. Maximum Put Open Interest additions were seen at 16800 and 16700 strikes with 60813 and 55830 contracts added respectively. The strikes from 16600 to 17200 saw no major put unwinding.
bank nifty call option data
“Maximum Total Call Open Interest was seen at 37500, 37800 and 38000 strikes with Total Open Interest seen at 38650, 20233 and 45905 contracts respectively. Maximum Call Open Interest additions were seen at 37500 and 38000 strikes, respectively 24306 and 29871 contracts were involved. Unwinding the call was seen at 36800 strike, which shed 5317 contracts, said Chinmoy Barve of Profitmart Securities.
bank nifty put option data
“Maximum Total Put Open Interest observed at 37000, 36600 and 36500 strikes with total Open Interest seen at 43567, 20026 and 51132 contracts respectively. Maximum Put Open Interest additions were seen at 37000 and 36500 strikes, with 38253 and 28472 contracts respectively Contracts were involved. No major put unwinding was observed on strikes ranging from 36500 to 37500 strike,” Barve said.
nifty rollover report
“Nifty July rollover stood at 75.69 per cent on Thursday as against 74.81% on the same day of previous expiry, which is lower than its three-month average of 77.27% and lower than its six-month average of 77.63%. Rollover cost of the Nifty as on the previous expiry. The July series is at 0.19 on Thursday as compared to -0.27 on the same day. Nifty August series has started with a total OI of 99.88 lakh shares while 27.78 lakh shares have been shed as compared to 127.66 lakh shares at the end of July in the market. Across July rollover stands at 91.6% on Thursday as compared to 92.26% on the same day of previous expiry, which is lower than its three-month average of 92.35% and higher than its six-month average of 90.85%. Bank Nifty July Rollover Thursday 82.28% as compared to the same day of last expiry of 87.42%, which is lower than its three-month average of 85.88% and lower than its six-month average of 84.93%,” Axis Security reports.
nifty bank rollover report
“Bank Nifty August series has opened with a total OI of 20.55 lakh shares, shed 3.71 lakh shares as compared to 24.26 lakh shares in July end. Options data for August series shows higher call OI at 17,500 strike price, its After 18,000, while higher puts OI is seen at 16,500, as reported by Axis Securities, followed by 16,000 indicating a possible range for months between 16,500 to 17,500 and 17,000.
fii dii data
Foreign Institutional Investors (FIIs) made net purchases Shares worth Rs 1,637.69 crore, while Domestic Institutional Investors (DIIs) have made net purchases As per provisional data available on NSE, shares worth 600.29 crores as on July 29.
US Bond Yield
The US 10-year bond yield rose 0.08 per cent to 2.683 while the US 30-year bond yield declined 0.45 per cent to 3.025.
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