Intraday Cash Buy

[08:52, 9/28/2015] Bhoowan Rajput:

 Market View
On Thursday’s trading session, Indian markets closed on a flat to positive note with BSE Sensex ending up by 40.51
points to 25863.50 levels and Nifty surge by 22.55 points to 7868.5 levels on account of expiry of September series
F&O contract and RBI’s monetary policy review this week also weighed on the market sentiments.
Indian markets were closed on Friday for a local holiday.
On Friday’s trading session, US markets closed on a mixed note with Dow Jones ending up by 113.35 points to
16,314.67 levels while Nasdaq closed down by 47.98 points to 4686.50 level as Fed Reserve Chair Janet Yellen
comments led to reassure the uncertainty surrounding the outlook for interest rate coupled with Nike’s better than
expected earnings amid sell off in biotech shares offset the gains.
Today, Asian markets are trading on a negative note and currently SGX Nifty is trading down by 38 points to 7886
level.
Tracing Global markets & SGX Nifty, Indian markets are expected to open on a negative note.




[08:52, 9/28/2015] Bhoowan Rajput:

View
 FIIs were net sellers in both cash market segment
and in Index Futures. They sold equities to the tune
of Rs. 115 crores and Index Futures of Rs. 632 with
significant fall in OI due to expiry.
 In Index Options, they bought in a big way of Rs.
3643 crores with fall OI. Being start of new series
build-up is quite scattered. In call OI addition was
seen in the range of 7800-8300 strikes and in put
options was seen between 7400-7900 strikes.
Maximum OI is seen in 8300 call and 7800 put
options.
 Rollover in Nifty is on the lower side at 61.22% and
of BankNifty is one the higher side at 67.37%. We
believe it is more of short that got rolled in October
series. BankNifty has strong resistance at 17200-
17300 while 8150-8200 is a major resistance for
Nifty. We don’t expect major upside in this market.