Nifty Futures Opening Update as on 27 July 2018

The NSE Nifty Future is trading at 11,274.00 up with +0.65% percent or +72.70 point. The Nikkei 225 Future is trading at 22,690.00 up with +0.04%  percent or +10.00  point . The Hang Seng Future is trading at 28,767.00 up with +0.07% percent or +21.00 point.

TODAY’S FACTORS AND EVENTS

Bulls held the upper hand at the July expiry, evidenced by traders rolling over their bullish bets to the August derivatives series. Rollovers of Nifty stood at 74 per cent, higher than the three-month average of 66.3per cent and Bank Nifty rolls were 78 per cent against the three-month average of 76.5. Market-wide rollovers stood at 90per cent (highest in FY19) versus 84per cent in the previous month.

“Rollovers for Nifty and Bank Nifty were higher in terms of percentage and total open interest (number of open positions) vis-à-vis last month as well as the average of the last three months, indicating a buildup of long positions in both indices,”according to brokerage IIFL.

PREVIOUS DAY ACTIVITY

  
 For the day the nifty closed at 11,260.05 up with +0.83% percent or +92.75 point.Nikkei 225 is trading at 22,712.75 up with +0.56% percent or +125.88 point. Hong Kong’s Hang Seng is trading at 28,804.28 up with +0.080% percent or +23.14 point.

WORLD MARKETS

For the day the Dow is trading at 25,527.07 up with +0.44% percent or +112.97 point. The S&P 500 is trading at 2,837.44 with a loss of -0.30% percent or -8.63 point. The Nasdaq Composite is trading at 7,852.18  with a loss of -1.01% percent or -80.05 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,712.75 up with +0.56% percent or +125.88 point. Hong Kong’s Hang Seng is trading at 28,765.68 with a loss of -0.054% percent or -15.46 point. China’s Shanghai Composite is trading at 2,873.59 with  a loss of  -0.30% percent or -8.63  point. India’s BSE Sensex is trading at 37,258.99 up with  +0.74% percent or +274.35  point at 12:15 PM.

Updates

updates@niftyfutures.org

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