Trade Setup for August 19, 2022: SGX Nifty, Other Things to Know Before the Trading Bell Opens

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Trade setup for Friday: The Indian stock market extended its winning streak for the eighth straight session on Thursday, the longest in 20 months. Nifty opened lower and oscillated between gains and losses for most of the session before closing near the day’s high of 17,956 while BSE Sensex finished 37 points higher at 60,298 levels. The Nifty Bank Index gained 194 points and closed at 39,656 points. The mid and small cap indices rose 0.34% and 0.42% respectively, outperforming the Nifty even though the expected decline ratio was positive at 1.23:1.

Here we list the key things you need to know before the market opens today:

Global market signals

Wall Street trading was almost flat throughout Thursday’s session. The Dow Jones ended up 0.06% while the Nasdaq jumped 0.21%. The S&P 500 gained 0.23% while the Small Cap 2000 jumped 0.71%.

European equities recovered from their first losses. Eurozone inflation hit a new high of 8.9% year-on-year in July. The Central Bank of the Philippines raised the interest rate on its overnight repo facility by 50 basis points to 3.75%. Asian stocks tumbled on Thursday morning after minutes from the U.S. Federal Reserve’s latest meeting indicated the central bank would prioritize fighting inflation over economic growth for longer than some investors had expected. hoped.

Asian markets in morning session

In morning trading in Friday’s session, the Japanese Nikkei is up 0.10%, the Hang Seng is down nearly 0.80% while the Chinese Shanghai is down 0.06%.

SGX Nifty Technical Outlook

As of early morning, SGX Nifty is trading flat, but the overall trend for SGX Nifty today is positive, according to experts.

“The outlook for SGX Nifty is positive and the buy dip strategy should be maintained with reduced position size. today is between 17,700 and 18,280,” said Anuj Gupta, vice president of research at IIFL Securities.

Clever technical insights

“Nifty made a double top from the previous session, but ended slightly higher. The heavy volumes and range movement means there seems to be a lot of shuffling between sectors and stocks. “With no reversal signs on the horizon, Nifty could rise towards 18,115 on the next sessions. On the other hand, a break of 17,833 could mean faster declines”, Deepak Jasani, Head of Research at retail, HDFC Securities.

Nifty Bank Technical Outlook

“The support for the Nifty Bank index is placed at 39,250 for 39,300 levels as the index faces a hurdle between 40,100 and 40,150,” said Vaishali Parekh, Vice President – ​​Technical Research at Prabhudas Lilladher.

Smart call data

According to data presented by nseindia.com as of 3:30 p.m. on August 18, major total open interest for calls was seen at 18,000, 18,100 and 18,200 strikes with total open interest of 130,337, 63,197 and 73,110 contracts respectively. The addition of major call open interests was seen at 18,000 and 18,200 strikes, which added 62,413 and 34,500 contracts respectively. The outcome of appeal was observed at 17700 strikes which lost 3262 contracts.

Smart Put Data

According to data presented by nseindia.com at 3:30 p.m. on August 18, total major selling open interest was seen at 17,700, 17,800 and 17,900 strikes with total open interest at 49,500, 90,441 and 92 045 contracts respectively. The major addition of put open interests was seen at 17800 and 17900 strikes, which added 45041 and 56969 contracts respectively. No major unwinding of the put was seen in strikes ranging from 17600 to 18200.

Nifty Bank call option data

According to data presented by nseindia.com as of 3:30 p.m. on August 18, total open interest in major calls was seen at 40,000 and 40,200 strikes with total open interest of 48,764 and 38,790 contracts respectively. The addition of major call open interests was seen at 40,200 and 40,500 strikes, which added 31,498 and 15,248 contracts respectively. The outcome of calls was observed at 39,300 and 39,400 strikes which lost 2,541 and 3,408 contracts respectively.

Nifty Bank Put Option Data

According to data presented by nseindia.com as of 3:30 p.m. on August 18, total major selling open interest was seen at 39,500 and 39,200 strikes with total open interest of 45,366 and 22,417 contracts respectively. The major addition of open interests was seen at 39,500 and 39,000 strikes, which added 28,619 and 16,721 contracts respectively. No major unwinding of the Put option was seen on strikes ranging from 39200 to 40200.

FII DII Data

Foreign institutional investors (IFIs) sold 1,706 crore of shares, as domestic institutional investors (DIIs) bought net 470.79 crore shares on August 17, according to preliminary data available on the NSE.

Ban NSE F&O on August 19, 2022

The National Stock Exchange (NSE) has added Balrampur Chini and Delta Corp shares to its F&O blacklist for the trading date of August 19, 2022. Blackout securities under the F&O segment include companies in which the stock crossed 95% of the market. -wide position limit.

U.S. bond yield

The US 10-year bond yield was up 0.14% at 2.884 while the US 30-year bond yield was down 0.07% at 3.143.

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