CUES FOR TODAY
- Gift Nifty suggests flattish start
- US Market opens after long weekend
- Wall St surges on EU Tariff relief, priced in our market
- Nifty & Nifty Bank consolidate in a broad range
Key To Track: FIIs sell heavy in Index Futures & Calls one day ahead of May Expiry!
WALL ST OVERNIGHT
Dow +1.78%
S&P 500 +2.05%
Nasdaq +2.47%
INDIAN INDICES IN A RANGE
Best Defined by Yesterday’s Low and Tuesday’s High
NIFTY
May 27 Low: 24704
May 26 High: 25079
NIFTY BANK
May 27 Low: 55038
May 26 High: 55876
CASH MARKET FLOWS
DII +10105 Cr
FII +348.5 Cr
- Overall Institutional Flows skewed by Interglobe and PG Electroplast large trades
FIIs in F&O
- FIIs sold 2989 Cr in Index Futures
- FIIs added 14350 Short Contracts one day ahead of expiry
- FIIs sold 2685 Cr in Nifty Futures, 292 Cr in Nifty Bank
- FII Long exposure drops to 31% from 35%
- FIIs also sold 18706 Cr in Index Options, added ~1.5 lk Short Calls
- Nifty PCR moves to 0.82 from 1.06, typically bottoms b/w 0.65-0.7
AHEAD OF MAY EXPIRY TOMORROW
- If Nifty holds lows and sustains above 25050, short covering likely
STOCKS TO WATCH
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