THANK YOU JUSTIN FOR YOUR SUGGESTION. HOWEVER, IT WAS MORE THAN 36 HOURS, I RECEIVED ONLY ONE SUGGESTION FROM JUSTIN. KINDLY SHARE YOUR VIEWS ON THIS "ANNOUNCEMENT".
FIIs were net sellers with the tune of ` 655.34 crore (prov. cash market fig).
FIIs were net sellers with the tune of ` 655.34 crore (prov. cash market fig).
The BSE 30-share Sensex was up 308.23 points or 1.69% to 18,518.81. The index rose 357.90 points at the day's high of 18,568.48 in late trade. The Sensex gained 61.10 points at the day's low of 18,271.68 in afternoon trade. The S&P CNX Nifty was up 91.60 points or 1.68% to 5,551.45. The BSE Mid-Cap index rose 0.93% and the BSE Small-Cap index gained 0.67%. Both these underperformed the Sensex.
The market breadth was just about positive. On BSE, 1636 shares advanced while 1172 shares declined and a total of 121 shares remained unchanged. Among the 30-member Sensex pack, 24 advanced while rest of them declined.
BSE clocked turnover of ` 2990 crore higher than ` 2734.96 crore on Thursday, 5 May 2011.
FOR DETAILS, “READ HERE”.
FNO DATA:
- High put option open interest build up of around 4.8 mn and 5.3 mn is seen at 5500 and 5400 strikes respectively, indicating that they will act as strong supports. Nifty Put options of strike 5500 had a build up of 14744 lots.
- High call option open interest build up of around 6.3 mn and 6.9 mn is seen at 5700 and 5800 strikes respectively, indicating that they will act as strong resistances. Nifty Call options of strike 5600 shed open interest by 7231 lots.
- The PCR for Nifty based on open interest was down at 0.94 as compared to 1.34 as of the previous trading week. Nifty Put Call ratio rose to 0.94 with the total open interest in Call options at 1,398,602 lots and that in Put options at 1,318,413 lots.
- The PCR for Nifty based on Volumes was down at 0.80 as compared to 0.97 as of the previous trading week.
- Nifty Futures open interest saw a increase of around 12.69%.
- In Index Futures FII’s were net sellers to the tune of ` 5755 Cr with an open interest increase of around ` 5324 Cr as compared to net selling of ` 221 Cr with an open interest decrease of around ` 1998 Cr as of the previous trading week.
- Volatility Index fell by 2.91% from 21.60 to 20.97.
FOR TODAY: After nine consecutive days of drubbing, markets finally saw a green day on last Friday (06.05.2011). However, the FIIs are continuing offloading their positions. Within the last nine days, the foreign investors sold equity worth ` 4922.60 crore. With this the net outlay in equity segment for the whole year got reduced to ` 1337.90 crore. In Nifty options, the net addition was the highest in Nifty May 5600, 5700 and 5800 Call strikes of close to 50 lakh shares each. However in Put options, 5400 added 40 lakh shares and 5300 added 35 lakh shares. ATM (at the mondy) call options continuously added open interest which led to the continuous fall in the index. Simultaneously, the closure was seen in ITM (in the money) Put options like 5700 and 5600.
....MORE CALLS ....
On Friday, EU as well US markets were closed in GREEN. However, US markets pared two-third of its earlier gains and closed. Asian markets are trading in GREEN today morning. SGX Nifty is trading around 5578.50 at 8.30 a.m., 30 points up indicates that Nifty may open a gap up today.
WATCH 5600 AND 5628 ON THE UPSIDE CAREFULLY WHILE ON THE DOWN SIDE, WATCH 5500 AND 5443 (THE LOW MADE LAST WEEK).....MORE CALLS ....
