Pre Stock Market report 2-6-2020

Pre Stock Market report 2-6-2020

Stock futures June 02, 2020

Pre Stock Market report 2-6-2020



Global market and news 

  1. Dow futures slump Monday evening as Trump pledges military deployment if cities fail to quell civil unrest
  2. Hang Seng  - Nikkei is trading in a range 

Indian Market News

  1. Moody's cuts India's rating to lowest investment grade with a negative outlook

    Govt moves to revive demand, okays equity infusion into MSMEs

  2. India Most Valuable Brands 2020: Tata Steel is the most valued among Metals and mining companies

  3. Tata Power completes 51% stake buy in Odisha's TPCODL for Rs 179 crore

  4. JK Tyre establishes marketing arm in the US

  5. Biocon partner Mylan wins favorable ruling from US patent authority

  6. M&M tractor sales fall 1% in May, exports slump 72%

  7. Oil prices hold ground ahead of OPEC+ meeting on extended output cuts

  8. Retail credit drops to record low during COVID-19 lockdown: SBI economists

  9. Cabinet approves MSP for 14 Kharif crops; farmers to get 50-83% more than the cost


Stocks Results on June 2

Britannia Industries, InterGlobe Aviation, Spandana Sphoorty Financial, Sun Pharma Advanced Research Company, Motherson Sumi Systems, Dhampur Sugar Mills, Dolat Investments, Granules India, Marksans Pharma, Transport Corporation of India, Tata Teleservices, Vishnu Chemicals and Zydus Wellness.

Derivatives Data Analysis for 1 June 2020 -  Download the excel sheet

Be aware of any positive news it can change the sentiments 

  1. The new month is started and today we need to check the net positions.
    Index future Datapoints
    1. Retail Clients are net short in index future with -21510contracts they are bearish. Today they added index short.
    2. FII is net index long positions  19304 contracts on Index. Reduced some longs or booked profits at higher levels but they are bullish.
    3. DII is also long in index futures with 27976 are also long
    4. Pro are net short in index future with  -25770 Pro hedged their cash positions with index future
    Index Call Datapoints
    1. On a net basis, retail client calls are still bearish with -4351 contracts they are bearish if but they purchased calls today in heavy quantity 53084. Basically, they booked  their index calls short positions and they are neutral here
    2. FII added index call positions with a net position of 48100 booked some profits in index calls at a higher level but they are still bullish. 
    3. Pro is bearish as they had -48333 contracts index short positions. 
    4.  The Pro has bearish positions and FII has bullish positions.

    1. Index put Datapoints
    2. The retail client has a total -38735 contract put short.  they added put long positions more than put short. Client positions suggest that today high is a top. 
    3. DII has a total of 67558 contracts put long for hedging purpose 
    4. FII has a total of 72595 contracts put long  they added some put long positions 
    5. Pro today added put short -101418 contracts. It will act as a support. 
    6. DII + FII vs Retail Clients + pro 
Stock Future Datapoints
  1. The retail client has a total of 243505 contracts net stock futures long. But they reduced the long positions today. This data point suggests retail investors turn bearish.
  2. DII has a total of -871395 contracts short against the cash positions
  3. FII has a total of 562609 contracts long. They are bullish.
  4. Pro today added long 65281 contracts. It will act as a support. 

Cash Segment activity
    1. FII net buyers 1575 crores
    2. DII net sellers -459
    Data is mixed maybe a consolidation at a higher level possible. Any news can change decide the future movements. Otherwise, FII data on a net basis is bullish.

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