News
Global
US stock futures show slight gains after the cash market closed in negative territory.
Dow Jones falls below the 50-day moving average (50-DMA) for the first time since June 1, 2023.
Nasdaq is heading towards its third consecutive week of losses, a trend not seen since December
Brent crude oil lingers around $84 per barrel due to concerns regarding demand growth in China..
India
Mahindra & Mahindra received a penalty notice of Rs 14.31 lakh from CGST and Central Excise Commissionerate.
BATA India discusses partnership news regarding Adidas.
InterGlobe Aviation will continue to be part of FTSE’s MPF All-World Index, Global Large Cap Index, and Emerging Index.
Jio Financial Services to be listed on August 21
DEEP INDS subsidiary – Dolphin Offshore will be listed on Aug 21 – Deep Holds majority shares, price discovery will unlock value via this NCLT Acquisition
India August Rainfall Seen Falling to a Record Low – Weather Office resources
Poly Medicure: Promoter Rishi Baid sold 24,950 shares on Aug. 14.
Globus Spirits: Promoter Rambagh Facility Services bought 2,200 on Aug. 17
DB Realty: Abhay Shyamsunder and Aditya S Chandak sold 20 lakh shares (0.5%) each and Authum Investment and Infrastructure bought 40 lakh shares (1%) at Rs 127 apiece.
Jai Corp: Gagandeep Consultancy bought 10 lakh shares (0.6%) at Rs 199.7 apiece
Global Markets
| Country | Indices | Change% |
| US | DOW 30 | -0.84% |
| S&P 500 | -0.77% | |
| NASDAQ | -1.17% | |
| UK | FTSE | -0.63% |
| Germany | DAX | -0.71% |
| Japan | Nikkei 225 | -0.44% |
| China | Shanghai | +0.43% |
| Country | Futures | Change% |
| US | DOW 30 | -0.18% |
| S&P 500 | -0.51% | |
| NASDAQ | -0.26% | |
| UK | FTSE | -0.19% |
| Germany | DAX | -0.15% |
| IND | Gifty Nifty | -0.27% |
FTSE Opened gapped down and continued to slide
Indian Market
Morning
Nifty opened the gap down and consolidated taking 19250 as support
Bank Nifty was looking strong in the first half compared to Nifty.
After European Markets Opened
Nifty sharply rose more than 100 points from the 19250 level due to the reliance stock rally.
After a sharp rise, nifty corrected back to below 19280 levels
Bank Nifty consolidated around the 43800 level
Institutional Data
| Cash Market | FII: - 1510.86 Cr | DII -313.97 | Bearish |
| Index Futures | -₹216.3 Cr | Bearish | |
| Index Options Day Activity | Net Call: -84k | Net Put: -24k | Bearish |
| Index Options Overall | Net Calls: 1.7L | Net Put: 3.46L | Mixed |
| PCR | 0.83 | Bullish | |
Market Outlook For Tommorrow
The global scenario looks bearish, On Monday flat to gap down opening, we can take bearish trade
If Gap up above 19300, we can plan bullish trade.
Banknifty broke the head and shoulder pattern
For Bank Nifty we can plan bearish to sideways Trade.
Today Trading Activity
Entered into the market with a Bearish view due to global factors and Gift Nifty indicated.
Deployed bearish trade by shorting 19300CE, due to a sharp rise in the second half took a stop loss 1% for the day
Currently no liquidity in the market