Trade setup for Wednesday: Following positive global cues, the Indian stock market on Tuesday closed with gains for the fourth consecutive session. The Nifty 50 index closed 133 points higher at 18,070 while the BSE Sensex rose 455 points to end at 60,571. The Nifty Bank index ended 299 points north at 40,873. Among sectors, metal, bank, capital goods and FMCG indices were the biggest gainers, while oil & gas and realty indices were the biggest losers. The broader market underperformed with mid-cap and small-cap indices rising 0.24 per cent and 0.32 per cent respectively. The forward drawdown ratio was just above 1:1.
Here we list the key things that you should know before the opening bell of the stock market today:
global market signals
wall Street A brutal sell-off was witnessed after US inflation data for August exceeded market expectations. The Dow Jones lost 3.94 per cent, Nasdaq 5.16 per cent, S&P 500 4.32 per cent and Small Cap 2000 lost 4.20 per cent. Asian equities extended a global rally in riskier assets amid speculation US consumer price data on Tuesday would support bets that inflation is peaking. European shares advanced for a fourth straight session on Tuesday, with underlying sentiment boosted by M&A talks and expectations of a softer US inflation reading.
US inflation data
“US inflation rose to 8.3% year-on-year in August, against expectations of 8.1%. The CPI index rose 0.1% month-on-month, while economists were expecting a 0.1% decline for the month due to a sharp recovery in energy prices. However, the decline in energy prices was offset by higher cost of food (+0.8% m/m) and shelter cost (+0.7% m/m). Higher costs of food, housing, transportation and other services strengthened the consumer. The demand and services sector reiterates rising price pressures. With inflation becoming more ‘sticky’ than expected, it is highly likely that the Fed will go for another jumbo rate hike of 75 bps at its next FOMC meeting on September 21, Ritika Chhabra, Economist and Quant Analyst at Prabhudas Lilladher said.
nifty technical outlook
“Nifty finally crossed the 18000 mark barrier to register a higher high on the daily chart and continue the momentum. Oscillator is still indicating positive momentum but the readings on lower time frame chart are in overbought zone Immediate support for Nifty is now placed around 17965, while resistance will be seen around 18135 and 18220.
Nifty Bank Technical Outlook
HDFC Bank picked up momentum and Bank Nifty continued to move with momentum to touch 41,000 levels with correction in bias to speculate for the next target of 41,500 to 41,600 levels in the coming days. The daily range of Bank Nifty will be 40,400 to 41,300 levels,” said Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher.
nifty call option data
As per the data shown by nseindia.com on 13th September at 3.30 pm, the major Total Call Open Interest was seen at 18100, 18200 and 18300 strikes, with the total Open Interest being 95714, 94163 and 90864 contracts respectively. The 18350 and 18400 strikes saw major call open interest additions consisting of 15264 and 21166 contracts respectively. Call unwinding was witnessed at 18000 and 17900 strikes which dropped 61666 and 42021 contracts respectively.
nifty put option data
Major total put open interest was seen at 18000 and 17900 strike respectively, with total open interest of 153027 and 128425 contracts. Major put open interest additions were seen at the 18000 and 17850 strikes, with 111672 and 13358 contracts added respectively.
nifty bank call option data
Major Total Call Open Interest was seen at 41000, 41200 and 41500 strike with total open interest of 111207, 40409 and 76299 contracts respectively. Major call open interest additions were seen at the 41000 and 41400 strikes, which included 27817 and 11223 contracts respectively.
nifty bank put option data
Major Total Put Open Interest was seen at 40800 and 40700 strikes with Total Open Interest of 60780 and 48085 contracts respectively. Major put open interest pairs were seen at 40800 and 40700 strike which included 54096 and 30054 contracts respectively. Put unwinding was seen at 40500 strike, which shed 10863 contracts.
fii dii data
Foreign Institutional Investors (FIIs) made net purchases 1956.98 crores worth of shares, while Domestic Institutional Investors (DIIs) made net sales As per provisional data available on NSE, 1268.43 crores worth of shares as on 13th September.
List of NSE F&O Ban Shares
The National Stock Exchange (NSE) has added the shares of Delta Corp, Ambuja Cement and Indiabulls Housing Finance under its F&O sanctions list for the trading date 14 September 2022. The securities in the restriction period under the F&O segment include those companies in which the security has crossed 95%. Percentage of market-wide position limit.
US Bond Yield
The US 10-year bond yield rose 0.64 per cent to 3.445, while the US 30-year bond yield rose 0.22 per cent to 3.516.
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