Stock Market tips or Index Options Today by Ripples Advisory – 19th July 2019

Cash Market Index Yesterday Broke Its Previous Month Low Of 5994, Suggesting Further Weakness In The Market

Cash market Index yesterday broke its previous month low of 5994, suggesting further weakness in the market and can test its weekly level of 5785.

Nifty also fell 95 points from its high of 11677 to make a low of 11582 and finally settled at 11597, down by 0.78 %. Major players of the market FII & PRO yesterday have sold more than 78000 contracts in Index options which further indicates weakness in the market.

Sector Analysis:
In the weekly expiry market ended in a negative zone. All the major and minor sectors followed the market sentiment ended in a negative note.

The following companies managed to end in green, irrespective of market going down were West Coast Paper Mills Limited (Paper) by 5.63%, VA Tech Wabag (Services) by 5.44%, Windsor Machines (Industrial Manufacturing) by 4.61%, Sudarshan Chemical Industries (Chemical) by 3.72% and Filatex India (Textiles and Apparel) by 2.32%.

The US 10 Year T-Note is trading at 127.59. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 96.488.

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 July month expiry, they have started with the position of (-47429) contracts in Index option (both FII & PRO combined) when Nifty spot was trading at 11842. As on last trading day, they have a net position of (-137975). Thus they have sold 905460 contracts in the current July expiry:

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