7th December 2017- OPENING BELL- Selling Pressure On Emerging Market Indices, FII & PRO Built a Huge SHORT Position

 

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Both FII & PRO have built up huge SHORT position by 514756 contracts. They have made such huge positions only three times in last one and a half years. An investor should remain cautious with buy position and must avoid any fresh buy position in the market until the market gives clear direction FII & PRO starts winding up their Short positions.

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All the Emerging Market Indices have given huge corrections recently. On average, all the Indices are down by 2% in last 1 week and around 3% in last 1 month. One of the Benchmark Index of Emerging Indices, Morgan Stanley Emerging Market Index has come down to 1100 from its recent high of 1160 on 23rd Nov.

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In the last trading session, the Indian Benchmark Index Nifty was down by 0.73% on a closing basis. Nifty opened at 10089, made a high of 10104 and closed at 10044 after making a low of 10033. The Cash Market Benchmark Index Small Cap was also down by 0.49%. The Index closed at 8451 after making a low of 8442. The next level of Small Cap is 8247 which is its Month 1 low. Yesterday, RBI in its Monetary Policy has kept the Repo Rate unchanged at 6%. Nifty Future is opening gap- up by 6 points against yesterday close of 10068 as indicated by SGX Nifty which is currently trading at 10078.

NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION

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FII and PRO in combined have to sell positions of 514756 contracts in Index Options. In last 10 days, they have sold 332759 contracts.

Cash Market Data

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In last 10 days, FII and DII in combined have sold stocks worth Rs. 544.98 Crore in cash segment.


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