Markets expected to open a tad lower as US markets witness biggest correction of 2018


Equity tips:-






SGX Nifty 
  • indicating a marginally negative opening for the Indian markets.

  • Markets are expected to be volatile ahead of the Union budget 2018 on Thursday and the Federal Reserve’s monetary announcement scheduled for tomorrow.
  • Bharat Electronics, Bharat Financial, Engineers India, Godrej Consumer, IOC, Jain Irrigation and TVS are some of the major companies set to announce their Q3 results today.

Global markets
  • Major Asian markets are trading in the red, at present Nikkei is down 0.62%, Hang Seng is down 0.15%, while Shanghai Composite is trading  0.38% lower.
  • US Markets: The major averages witnessed a pullback in yesterday’s session after closing at record highs on Friday.
  • The Dow slid 0.7% to 26,439.48, the Nasdaq fell 0.5% to 7,466.52 and the S&P 500 dropped 0.7% to 2,852.53.
  • Profit taking contributed to the weakness on Wall Street, ahead of the Federal Reserve’s monetary policy announcement on Wednesday and the release of the Labor Department's closely watched monthly jobs report on Friday.
  • European markets closed flat yesterday with FTSE up 0.08%, CAX down 0.14% and DAX closed 0.12% lower.

FII Data:
In yesterday’s session, FII’s bought 291 crores stock in the cash market whereas DII’s bought 90 crores worth of stock.

In the derivative market, FII’s sold 219 crores of index futures and bought 1056 crores worth of Index options.

In the stock futures segment, FII’s bought 1009 crores worth of stock futures and sold 3 crores stock options.
FII OI(000's) % Chg % Chg Since Expiry Long/Short Ratio Long/Short Since Expiry
Future Index Long 153 6 6 3.2 0.8
Future Index Short 48 30 30
Option Index Call Long 222 6 6 3.0 1.0
Option Index Call Short 75 11 11
Option Index Put Long 239 12 12 1.5 1.0
Option Index Put Short 160 13 13

Support / Resistance: Intraday
Nifty: 11030
S1 – 11070 S2-11000
R1-  11170           R2 -11220


Support / Resistance: Intraday
Bank Nifty: 27498
S1 – 27400 S2-27200
R1 - 27650 R2 -27800

             
Nifty Highest Open Interest:
Call: 11000 / Put: 10500

Bank Nifty Highest Open interest: (1st Feb 2018 Expiry)
Call: 28500 / Put: 26500
We provide free profit calls for EQUITY,Forex & COMMODITY tips.If you want more information regarding the Stock cash tips, Nifty tips, Commodity tips, Equity tips,forex tips missed call @ 8966834895 
Location: India

Comments

Post a Comment

Popular posts from this blog

Asian markets trade higher; Shanghai Composite up 1.5%

Image
Equity tips:- Equities in Japan and China outperformed, with modest gains seen in Hong Kong. Asian stock markets were trading higher on Friday despite a lacklustre session for US shares amid concerns over a delayed Sino-American trade deal. Treasuries steadied and the dollar held gains. Equities in Japan and China outperformed, with modest gains seen in Hong Kong. Earlier, the S&P 500 spent most of the session fluctuating between gains and losses in thin trading, before edging lower at the close. News that a meeting to end the trade war with China won’t happen this month had weighed on sentiment. The pound was little changed as Prime Minister Theresa May won the endorsement of British politicians to seek to delay Brexit day. The yen was steady as the Bank of Japan cut its economic outlook while maintaining its policy stance. The Bank o...
Read more

Axis Bank slumps over 6% post quarterly earning

Image
Equity tips:- Shares of Axis Bank have slumped by over 6% in opening trades after announcing quarterly earning post market hours on Tuesday.  The stock opened at Rs 488 hit an intraday high of Rs 489 and an intraday low of Rs 482. Total traded volumes were approx 0.35mn shares. The quarterly results missed street estimates as NII for the quarter was 4.5% below street estimates of Rs.4741 crore. Also, net profit for the quarter was almost 66% down from street estimates of Rs.1298 crore. NII for the quarter remained flat at Rs.4539 crore vs Rs.4513 crore in previous year corresponding quarter. This was largely due to muted interest income growth to Rs.11235 crore vs Rs.11159 crore in Q2FY18. Asset quality of the bank deteriorated further as GNPA’s for the quarter rose by almost 67% yoy to Rs 27402 crore. As a percentage to total advances, GNPA’s for the quarter rose by 173 bps to 5.9% vs 4.17% in Q2FY17. While Net NPA’s also increased by 110 bps to 3.12% vs 2...
Read more

Asian stocks trade mixed; Nikkei 225 up ~1%

Image
Equity tips:- The S&P 500 Index climbed to a four-month high as it held above the key 2,800 level. Asian stock markets were trading mixed on Thursday as investors awaited a slew of economic data from China. The pound gave back some of Wednesday’s surge as traders positioned for the next steps in the Brexit saga. Shares edged higher in Hong Kong and Japan, were little changed in South Korea and fluctuated in China ahead of data including industrial production and retail sales. The S&P 500 Index climbed to a four-month high as it held above the key 2,800 level. Helping buoy sentiment was data showing US orders for business equipment increased in January by the most in six months and a producer price index signaled modest pressure on inflation. Treasury yields steadied and the yen weakened. The US data signaled a positive start to the...
Read more