November 20, 2015
Time: 8 pm
Post Market Report:
Time: 8 pm
Post Market Report:
- Highly volatile session.
- Bank Nifty fell 150 points in the morning, then shot up by 400 points then fell by 300 points and finally closed almost flat.
- Mid cap and small cap stocks out performed the large cap stocks.
- DIIs have bought for rs 610.16 crores.
- Surprisingly DIIs have sold just for Rs 94.09 crores.
- It seems that FII selling is slowing down.
- In the last one hour, Banking stocks and ITC fell.
- ITC alone contributed about 10 points in Nifty's fall.
- Europe opened mixed but now trading higher after Draghi's comment.
- Euro fell by about half a percent.
- US futures are also higher now.
- SGX Nifty is also trading about 16 points higher.
- We have only three more trading sessions.
- Nifty is expected to maintain positive bias if there are no bad global cues.
- Let us see how the expiry week moves, if everything goes as expected, Nifty should expire between 7900 and 8000.
Comments
Carrying 7950 call bought at close ; expiry target 8069 or 8169
ReplyDeleteGot on the wrong foot this time.
DeleteExpiry @ 76xx or breaching 7600 looks difficult and hence bought calls.... Why calls ? There is a reason why I'm carrying calls ..
ReplyDeleteThanks sir. Where will bank nifty expire? Please guide
ReplyDeleteBank Nifty prediction is very difficult as it is too volatile. It has the tendency to move 300 to 400 points either way in the last one hour of expiry. But one can expect Bank Nifty to expire between 17200 and 17400 if everything goes well.
DeleteThanks sir
ReplyDeleteI'm expecting expiry at much higher levels since Nifty unable to break the low made on 11/16/2015 ... Also NIFTY completed 15 days of down move, hence 7-8 days of upmove is possible ....
ReplyDeleteIf huge short covering rally or Short roll-over takes place then Bank Nifty might expire around 17714-655 (17600 being bought and 17800 is being written)
I have observed that most of the time markets tend to fall closer to expiry and recover only after the expiry. This time we have Parliament session and GST bill hangover are also there in favour of short sellers. As I have stated already, a influential group of FIIs have met Rahul Gandhi, so they may have some privileged information regarding GST.
ReplyDeleteLet us see how the expiry goes.
Technicals suggest below 7811 we are heading to 7667, above 7940 Nifty heading to 8180 ...
ReplyDeleteTechnicals do not take the time frame into consideration whereas Option sellers consider time as an important factor. I sold 8000 Call and 7700 Put on Friday afternoon. Nifty may go to 8180 but not by Thursday. Let us see where Nifty expires.
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