Opening Bell 24.04.2017

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) +0.18%
CAC(FRA) -0.37%
UKX(GBR) -0.06%
NKY(JPN) +1.34%
SPX(USA) -0.30%
MINTs
JCI(IDN) +1.24%
INMEX(MEX) -0.42%
NGSEINDX(NGA) -0.39%
XU030(TUR) +0.55%
BRICS
IBOV(BRA) +0.56%
SHCOMP(CHN) -1.51%
NIFTY(IND) -0.19%
INDEXCF(RUS) +0.65%
TOP40(ZAF) -0.51%

Commodities

Energy
Brent Crude Oil +0.54%
Ethanol +0.25%
RBOB Gasoline +0.24%
Natural Gas +0.58%
Heating Oil +0.34%
WTI Crude Oil +0.46%
Metals
Palladium +0.85%
Platinum -0.58%
Silver 5000oz +0.00%
Copper +0.00%
Gold 100oz -0.85%

Currencies

USDEUR:-1.15% USDJPY:+0.86%

MINTs
USDIDR(IDN) -0.17%
USDMXN(MEX) -0.97%
USDNGN(NGA) +0.47%
USDTRY(TUR) -0.51%
BRICS
USDBRL(BRA) -0.18%
USDCNY(CHN) -0.01%
USDINR(IND) +0.08%
USDRUB(RUS) -1.28%
USDZAR(ZAF) -0.80%
Agricultural
Coffee (Robusta) +0.00%
Cotton +0.00%
Soybean Meal +0.65%
Cocoa +0.00%
White Sugar +0.00%
Coffee (Arabica) -1.33%
Sugar #11 +0.31%
Wheat +0.74%
Cattle +0.25%
Corn +0.77%
Feeder Cattle +0.58%
Lean Hogs -1.06%
Lumber +1.73%
Orange Juice -1.11%
Soybeans +0.60%

Out of 42 world ETFs listed in NYSE that we track, 20 are trading above their 10-day SMA and 31 are trading above their 50-day SMA.

Must Reads

A Look at the Ugly Side of Getting Rich
In one photograph, the German-born, Harvard-educated hedge fund manager Florian Homm, who made and lost a personal fortune of more than $800 million, poses in a German brothel that he once co-owned.

Britain Is About to Have Its First Day Without Coal
The U.K. is headed for its first full day without burning coal to make electricity since the Industrial Revolution more than a century ago, according to grid operator National Grid Plc. “Great Britain has never had a continuous 24 hour period without #coal.

Mexico’s Revenge
By antagonizing the U.S.’s neighbor to the south, Donald Trump has made the classic bully’s error: He has underestimated his victim.

Check out our Global Macro Dashboard for currency, commodity, bonds and credit charts.

Good luck!

Options Daily 24.04.2017

NIFTY Summary:

  1. May 9300 calls added 3,59,625 contracts.
  2. May 9700 calls shed 13,275.
  3. May 8800 puts added 3,75,975.
  4. May 9300 puts shed 16,425.

Our trend model indicates a SHORT on the NIFTY and SHORT on the BANKNIFTY.

Avg. True Range

NIFTY.50 NIFTY.BANK
3 70.90 214.56
5 68.33 213.68
10 67.11 214.35
20 67.72 216.50

NIFTY 50 NIFTY BANK
TrueRange 94.90 228.35
TrueHigh 9183.65 21614.55
TrueLow 9088.75 21386.20
Avg. True Range

NIFTY.50 NIFTY.BANK
3 70.90 214.56
5 68.33 213.68
10 67.11 214.35
20 67.72 216.50

NIFTY 50 NIFTY BANK
TrueRange 94.90 228.35
TrueHigh 9183.65 21614.55
TrueLow 9088.75 21386.20
Avg. True Range

NIFTY.50 NIFTY.BANK
3 70.90 214.56
5 68.33 213.68
10 67.11 214.35
20 67.72 216.50

NIFTY 50 NIFTY BANK
TrueRange 94.90 228.35
TrueHigh 9183.65 21614.55
TrueLow 9088.75 21386.20

APR NIFTY OI

APR NIFTY OI chart

APR BANKNIFTY OI

APR BANKNIFTY OI chart

MAY NIFTY OI

MAY NIFTY OI chart

MAY BANKNIFTY OI

MAY BANKNIFTY OI chart

NIFTY Weighted Avg. Open Interest

NIFTY Weighted Avg. Open Interest chart

APR NIFTY Volatility

APR NIFTY Volatility chart

APR BANKNIFTY Volatility

APR BANKNIFTY Volatility chart

MAY NIFTY Volatility

MAY NIFTY Volatility chart

MAY BANKNIFTY Volatility

MAY BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

VIX Density Plot

VIX kernel density plot

5-day forecast based on ARMA(1,1)+GARCH(1,1) model:

VIX 11.57 11.70 11.83 11.94 12.06
σ 0.63 0.64 0.65 0.67 0.68

2017-04-21 Implied Volatility Record

https://www.youtube.com/watch?v=RpAyC2brM1A

Marketwide OI

Securities under ban today: BHARATFIN, DLF, INFIBEAM, IRB, JINDALSTEL, JISLJALEQS, JPASSOCIAT, JSWENERGY, ORIENTBANK, RCOM, RELCAPITAL, TV18BRDCST, UJJIVAN.
market wide position limit chart

Options Weekly 22.04.2017

Summary: Apr NIFTY 9200 calls added 26,24,700 contracts while 9400 calls shed 8,61,375. On the Put side of the equation, the 9050 strike added 12,58,650 while the 9200’s shed 17,66,250.

APR NIFTY OI

APR NIFTY OI chart

APR BANKNIFTY OI

APR BANKNIFTY OI chart

APR NIFTY Volatility

APR NIFTY Volatility chart

APR BANKNIFTY Volatility

APR BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

VIX Density Plot

VIX kernel density plot

Opening Bell 21.04.2017

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) +0.09%
CAC(FRA) +1.48%
UKX(GBR) +0.06%
NKY(JPN) +0.86%
SPX(USA) +0.76%
MINTs
JCI(IDN) +0.57%
INMEX(MEX) +0.47%
NGSEINDX(NGA) -0.17%
XU030(TUR) +1.34%
BRICS
IBOV(BRA) +0.56%
SHCOMP(CHN) -0.02%
NIFTY(IND) +0.36%
INDEXCF(RUS) +0.82%
TOP40(ZAF) -0.08%

Commodities

Energy
Natural Gas +0.19%
RBOB Gasoline +0.00%
Ethanol +0.00%
WTI Crude Oil +0.04%
Heating Oil +0.00%
Brent Crude Oil +0.00%
Metals
Copper +0.00%
Gold 100oz +0.00%
Palladium -0.89%
Platinum -0.48%
Silver 5000oz -0.01%

Currencies

USDEUR:-0.03% USDJPY:-0.11%

MINTs
USDIDR(IDN) -0.08%
USDMXN(MEX) +0.00%
USDNGN(NGA) +2.72%
USDTRY(TUR) -0.07%
BRICS
USDBRL(BRA) -0.18%
USDCNY(CHN) -0.04%
USDINR(IND) -0.03%
USDRUB(RUS) +0.06%
USDZAR(ZAF) +0.06%
Agricultural
Cattle +0.00%
Feeder Cattle +0.00%
Soybeans +0.26%
Sugar #11 +0.00%
Coffee (Robusta) +0.00%
Corn -0.07%
Lumber +0.00%
Orange Juice +0.00%
Soybean Meal +0.39%
Coffee (Arabica) +0.00%
Wheat +0.00%
Cocoa +0.00%
Cotton +0.19%
Lean Hogs +0.00%
White Sugar +0.00%

Out of 42 world ETFs listed in NYSE that we track, 16 are trading above their 10-day SMA and 30 are trading above their 50-day SMA.

Must Reads

Chinese Investment Scandal Highlights ‘Shadow Banking’ Risks
BEIJING — When Lisa Wang sank her retirement money — all $730,000 of it — into a single investment, her fund manager repeatedly said the product was risk free. It wasn’t.

Goldman Sachs just abandoned one of its ‘top trades of 2017’
Goldman Sachs Group is advising its clients to give up on two of its long-dollar “top trades” of 2017, a sign that the investment bank is finally backing away from its call that the dollar would eventually reach parity with the euro.

The Bond Market Prefers Dictators to Democracies
Dictatorships are on a hot streak in the bond market. In the past year, sovereign notes from emerging markets under autocratic rule have returned 15 percent on average, compared with just 8.

Check out our Global Macro Dashboard for currency, commodity, bonds and credit charts.

Good luck!