Monday, July 3, 2017

Morning cues July 4th 2017

FII DII Activity

FII continue to sell DII continue to buy. The bull run could sustain.



SGX NIFTY

SGX NIFTY indicates a flat opening

US MARKET DATA

Dow zoomed to new life high whereas Nasdaq showed profit booking.


Business news

The Nifty50 closed above its crucial resistance level of 9,600 on Monday and closed well above its opening level making a bullish candle on the daily candlestick charts.
The index formed a bullish candle for the second consecutive session and closed well above its crucial short-term moving averages such as 5-days exponential moving average (DEMA), 10-DEMA, 13- DEMA, and 20-DEMA.
If the index sustains above 9,580-9,600 in the next few trading session then a bigger rally towards 9,700 could be on charts.
Investors can stay long on the index with a stop loss placed below 9,540, suggest experts.
We have collated top ten data points on how to help you in spotting profitable trade:
Key Support & Resistance Level for Nifty:
The Nifty closed 94 points higher or 0.99 percent at 9,615. According to Pivot charts, the key support level for Nifty50 is placed at 9,564, followed by 9,513. If the index starts to move higher then key resistance levels to watch out are 9,644, followed by 9,674.
Nifty Bank:
Nifty Bank closed 61 points higher or 0.27 percent at 23,22 on Monday. Important Pivot level which will act as crucial support for the index is placed at 23,168 followed by 23,063. On the upside, the key resistance level is 23,353 followed by 23,434.
Call Options Data:
Maximum Call open interest (OI) of 35 lakh contracts stands at strike price 9,800 which will act as a crucial resistance level for the index in July series, followed by 9,700 which now holds 34 lakh contracts in open interest and 9,600 which has accumulated 33 lakh contracts in OI.
Call Writing was seen at strike prices 9,600 (8.9 lakh contracts added), followed by 9,800 (6.1 lakh contracts were added), 9900 (0.45 lakh contracts added), 10,000 (3.1 lakh contracts added), and 10,100 (1.03 lakh contracts added).
Call unwinding was seen at strike prices 9,400 (0.7 lakh contracts shed), 9,500 (5.1 lakh contracts shed), and 9,700 (0.2 lakh contracts shed).
Put Options Data:
Maximum Put OI of 57 lakh contracts was seen at strike price 9,400 which will act as a crucial base for the index in July series followed by 9,500 which has accumulated 45 lakh contracts in open interest, and 9,600 which now holds 35 lakh contracts in open interest.
Put Writing was seen at strike prices 9,300 (3.8 lakh contracts added), followed by 9,400 6.9 lakh contracts added), 9,500 (10.2 lakh contracts added), and 9600 (12.8 lakh contracts added).
Put unwinding was seen at strike prices 9,800 (0.2 lakh contracts shed), and 10,000 (0.16 lakh contracts shed).
FII & DII Data:
The foreign institutional investors (FIIs) sold shares worth Rs805 crore compared to domestic institutional investors who bought shares worth Rs954 crore in Indian equity market.

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