Stock Market report 10-6-2020

Global market

Dow closes down 300 points, Nasdaq books fresh record close after briefly touching 10,000 milestones read
The Dow Is Tumbling. It’s Time to Talk About Stock Market Bubbles. read
Check the latest data
Oil drops after US inventory build renew oversupply concerns
Stock market around the world are trading mixed
The global market signal is natural.

Stock Market News

Centre may consider extending deadline to avail 15% corporate tax benefit: Report read
Airline industry headed for $84 billion loss this year: IATA
Auto sales may dip by up to 25% in FY21, sharpest decline in two decades: Ind-Ra
Life insurers' new premium down 25.4% in May 2020
JM Financial launches $100 million QIP read
Adani wins world's largest solar project; to invest Rs 45,000 crore
Gilead's remdesivir prevents lung damage in Covid-19 study on monkeys
Another Bangladesh firm offers Remdesivir for $65 per vial
Gilead's remdesivir prevents lung damage in Covid-19 study on monkeys read

Stocks In News

Aarey Drugs | LTS Investment Fund sold another 1,75,000 shares of the company at Rs 17.80 per share
Tourism Finance Corporation | Anirudh Damani sold 5,53,005 shares of the company at Rs 39.17
Cupid | The company received a repeat order from the Medical Stores Department, Government of Tanzania for the supply of male condoms worth Rs 23.61 crore
Gujarat Pipavav Port Q4 | Profit was at Rs 47.2 crore versus Rs 50.6 crore
Maruti Suzuki | Production in May stood at 3,714 vehicles against 1,51,188 vehicles in May 2019
Wipro | The company collaborated with Amazon Web Services to extend DevOps capabilities

Derivatives Data Analysis Download the excel sheet

Index future Datapoints

Retail Clients are net short in index future with -20423 they are bearish. Retail clients reduced their index short positions.
FII index long positions are at 9473 contracts on Index. They added Index futures as the market is moving down means support for the market.
DII is also long in index futures with 15365. DII booked some profits in index futures long positions.
Pro are net short in index future with -4415 added some short positions
This data point suggests Client positions are against FII DII data.
FII added index long positions

Index Call Datapoints

On a net basis, retail client calls are turned Bearish from bullish with 56429 contracts. Retail clients added index call long positions. Only two days left for expiry. A premium of these calls will erode faster.
FII added index call positions with a net position of 62124. reduced call positions.
Pro is bearish as they had -123137 contracts index calls short positions.
The Pro Positions are against the FII & clients
These call writing from Pro will act as a resistance in the market.

Index put Datapoints

The retail client has a total -55126 contract put short on a net basis. They added put short positions suggesting bullish positions.
DII has a total of 70808 contracts put long for hedging purposes.
FII has a total of 66608 contracts put long. for hedging for stock future positions
Pro today added put short -82290. They are bearish
Data suggest Clients and pro has bullish positions FII and dii are in bearish positions
But Pro has equal more short positions on the call side.

Stock Future Datapoints

The retail client has a total of 181907 contracts net stock futures long.
FII has a total of 633103 contracts long. They keep adding stock future positions
Pro today added long 22987 contracts.

Any news can change the direction

Data is mixed. FII Added stock futures and index futures - pro added index call short positions. Range bound market is possible. But if market cross yesterday high short covering from a pro will start.

Retail: Reducing short positions in index futures. Added Index calls long. Reducing stock future positions.

FII is bullish. Keep adding stock future positions. Buying in cash

Pro is Bearish. High positions in call short positions. and short in index put.

Foreign institutional investors (FIIs) bought shares worth Rs 490.81 crore

Domestic institutional investors (DIIs) sold shares worth Rs 733.33 crore

FII is adding stock futures positions. Sectoral gains are possible.

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