Index Options- Stock Market Tips Today by Ripples Advisory – 11th June 2019

Market May Remain Weak As Trump Threatened To Raise Tariffs On China Again If President Xi Jinping Doesn’t Meet With Him At The Group Of 20 Summit

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Market may remain weak as Trump threatened to raise tariffs on China again if President Xi Jinping doesn’t meet with him at the Group of 20 Summit. However Asian markets made modest gains on Tuesday after the Trump administration shelved plans for tariffs against Mexico.

Yesterday, Indian markets also opened higher as the Trump administration “indefinitely suspended” tariffs on all Mexican goods. However, the upward movement remained subdued as fresh US trade threats against China limited any major investor sentiment boost.

Sector Analysis
The market remained flat with most of the sectors ended in red while FMCG and Pharma managed to stay in the green in major sectors. Healthcare Services, Interior Construction, Interior Construction, Consumer Goods, Beverages, Defence, Sugar, Electrical Equipment has risen by a few points in minor sectors.

The following companies have performed well in the flat market : Mahanagar Gas (Energy -Oil & Gas) By 4.23%, Greenply Industries (Interior Construction) By 4.35%, Cox & Kings (Hotels & Leisure) by 4.95%, Manappuram Finance (Gold & Jewellery) by 4.54% and Himadri Speciality Chemical Limited (Carbon) by 3.08%.

The US 10 Year T-Note is trading at 126.70. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 96.757.

Open Interest Analysis
FII & PRO are the major players in the Derivatives segment and have an upper hand in the market and their position provides direction to the market. In the June month expiry, they have started with the position of (-30212) contracts in Index option (both FII & PRO combined) when Nifty spot was trading at 11946. Till yesterday they had Net Open Interest position of (-117509) contracts for the June expiry. Thus, if we calculate from expiry till yesterday they have created sell position, they have sold 87297 contracts in the June month Expiry. For further detail check the Open Interest table below:

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