Stock Market LIVE Updates | Nifty 50, Sensex likely to open lower today tracking global market cues

Editor’s Take | Nigel DSouza Shares His View On The Market

Bulls eye a weekly close above 19,265 
Else Nifty will be down for sixth-0consecutive week, not seen since COVID 

In August Series 

– Broader market outperformance at 7 percent vs Nifty  

– Nifty -406 pts, Bears make a comeback after 4 winning series 

Positioning is light on Index Futures 

a. FII Gross Positioning on Index Futures  

Open Interest (In contracts) 

14-June-2023 1.64 lakh

31-Aug-2023 1.7 lakh

b. Nifty Futures Open Interest at the start of series 

Start of series Open Interest 

September 1.06 crore shares 

August 1.33 crore shares 

FII on Index Futures  

Start of series Longs ( percent) 

Sep 51 percent

Aug 59 percent

July 66 percent  

June 58 percent  

May 41 percent  

Near term Nifty Range: 19000-19400 

Total OI Premium 

19000 PE 64 lakh shares 94 

19400 CE 54 lakh shares 81  

Nifty Levels 

20 DMA 19,419 

50 DMA 19,418 

100 DMA 18,835 

Nifty Bank levels 

100 DMA 44,066 

16-Aug-23 low 43,600