Category: Your Money

Opening Bell 23.02.2018

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) -0.07%
CAC(FRA) +0.13%
UKX(GBR) -0.40%
NKY(JPN) +0.36%
SPX(USA) +0.10%
MINTs
JCI(IDN) +0.91%
INMEX(MEX) +0.97%
NGSEINDX(NGA) +0.24%
XU030(TUR) +0.39%
BRICS
IBOV(BRA) +0.74%
SHCOMP(CHN) +0.11%
NIFTY(IND) -0.14%
INDEXCF(RUS) +0.71%
TOP40(ZAF) -0.91%

Commodities

Energy
WTI Crude Oil +0.05%
Brent Crude Oil -0.06%
Heating Oil -0.23%
Natural Gas -1.25%
RBOB Gasoline +0.24%
Ethanol +0.00%
Metals
Platinum -0.07%
Copper +0.00%
Silver 5000oz +0.00%
Gold 100oz +0.00%
Palladium +0.02%

Currencies

USDEUR:+0.18% USDJPY:+0.12%

MINTs
USDIDR(IDN) -0.04%
USDMXN(MEX) +0.06%
USDNGN(NGA) +0.04%
USDTRY(TUR) +0.11%
BRICS
USDBRL(BRA) -0.45%
USDCNY(CHN) -0.23%
USDINR(IND) -0.16%
USDRUB(RUS) +0.01%
USDZAR(ZAF) +0.11%
Agricultural
Corn +0.14%
Lumber -0.15%
Orange Juice +0.00%
Cattle -0.14%
Cocoa +0.00%
Coffee (Arabica) +0.00%
Cotton +0.26%
Feeder Cattle -0.02%
Soybeans +0.24%
Wheat +0.55%
Coffee (Robusta) +0.00%
Lean Hogs +0.28%
Soybean Meal +0.05%
Sugar #11 +0.00%
White Sugar +0.00%

Out of 43 world ETFs listed in NYSE that we track, 35 are trading above their 10-day SMA and 20 are trading above their 50-day SMA.

Must Reads

India’s BJP government looks ever more like the one it replaced
AT A rally in the southern state of Karnataka the prime minister wagged his raised finger, accusing the local government, run by the rival Congress party, of creaming a 10% cut from every state contract. “Do you want a commission government, or do you want a mission government?” he boomed.

Supplements are a $30 billion racket—here’s what experts actually recommend
There are more than 90,000 vitamin and dietary supplement products sold in the US. They come in pills, powders, drinks, and bars.

Privatising PSU banks: The time is now!
As the fraud at PNB dominates headlines, more and more experts are arguing that keeping so many banks in the public sector is actually a disservice to the nation. Shekhar Gupta in his National Interest column strongly advised the PM to “shut it, sell it & forget it”.

12K loot Rs 1,60,256 cr from banks
Nearly 12,000 wilful defaulters have siphoned off more than Rs 1,60,256 crore from both public sector and private sector banks, co-operative banks, foreign banks operating in India and other financial institutions.

MPC minutes: cautious RBI is now behind the curve on rates
But central banks always tend to err on the side of caution and RBI, along with its six-member rate-setting committee, is no different.

Modi’s 2014 victory was always an unrepeatable ‘Black Swan’ event
The BJP has not shown any signs of improving its tally in its weak large states such as West Bengal, Tamil Nadu, Kerala, Andhra Pradesh and Telangana.

PNB scam: How a system was gamed
And so the hunt begins. A handful of bank officials who perpetrated the fraud at India’s second-largest public sector bank — leading to unauthorised issue of Letters of Undertaking (LoUs) to jeweller Nirav Modi’s firms — have been brought under the scanner.

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

Good luck!

Options Daily 23.02.2018

NIFTY Summary:

  1. Mar 10700 calls added 9,71,175 contracts.
  2. Mar 11700 calls shed 25,275.
  3. Mar 9500 puts added 5,80,200.
  4. Mar 7000 puts shed 12,600.

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

Avg. True Range

NIFTY.50 NIFTY.BANK
3 96.90 305.03
5 118.20 367.45
10 132.29 411.69
20 130.57 411.54

NIFTY 50 NIFTY BANK
TrueRange 56.90 205.35
TrueHigh 10397.55 24987.05
TrueLow 10340.65 24781.70

FEB NIFTY OI

FEB NIFTY OI chart

FEB BANKNIFTY OI

FEB BANKNIFTY OI chart

MAR NIFTY OI

MAR NIFTY OI chart

MAR BANKNIFTY OI

MAR BANKNIFTY OI chart

NIFTY Weighted Avg. Open Interest

NIFTY Weighted Avg. Open Interest chart

MAR NIFTY Volatility

MAR NIFTY Volatility chart

MAR BANKNIFTY Volatility

MAR 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 14.90 14.90 14.90 14.90 14.90
σ 0.75 0.74 0.72 0.72 0.71

Marketwide OI

market wide position limit chart

FRED Scan 23.02.2018

Moody’s Seasoned Aaa Corporate Bond Yield Relative to Yield on 10-Year Treasury Constant Maturity


Total Value of Issues, with a Maturity Between 1 and 4 Days, Used in Calculating the AA Financial Commercial Paper Rates

Total Value of Issues, with a Maturity Between 1 and 4 Days, Used in Calculating the AA Financial Commercial Paper Rates

ICE BofAML US Corporate Master Option-Adjusted Spread

ICE BofAML US Corporate Master Option-Adjusted Spread

Opening Bell 22.02.2018

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) -0.14%
CAC(FRA) +0.23%
UKX(GBR) +0.48%
NKY(JPN) -1.18%
SPX(USA) -0.55%
MINTs
JCI(IDN) -0.34%
INMEX(MEX) -0.61%
NGSEINDX(NGA) +0.02%
XU030(TUR) +2.67%
BRICS
IBOV(BRA) +0.29%
SHCOMP(CHN) +1.76%
NIFTY(IND) +0.36%
INDEXCF(RUS) +2.21%
TOP40(ZAF) +1.39%

Commodities

Energy
RBOB Gasoline -0.65%
Heating Oil -0.49%
Natural Gas -0.41%
Brent Crude Oil -0.90%
Ethanol +0.00%
WTI Crude Oil -1.17%
Metals
Copper +0.00%
Palladium -0.69%
Gold 100oz -0.60%
Platinum -0.54%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.05% USDJPY:-0.43%

MINTs
USDIDR(IDN) +0.44%
USDMXN(MEX) -0.04%
USDNGN(NGA) -0.04%
USDTRY(TUR) +0.24%
BRICS
USDBRL(BRA) +0.42%
USDCNY(CHN) +0.09%
USDINR(IND) +0.47%
USDRUB(RUS) +0.05%
USDZAR(ZAF) +0.16%
Agricultural
Soybean Meal -0.37%
Sugar #11 +0.00%
White Sugar +0.00%
Cattle +0.00%
Coffee (Arabica) +0.00%
Lumber +0.00%
Cocoa +0.00%
Cotton -0.08%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Coffee (Robusta) +0.00%
Corn -0.21%
Orange Juice +0.00%
Soybeans -0.31%
Wheat +0.00%

Out of 43 world ETFs listed in NYSE that we track, 35 are trading above their 10-day SMA and 20 are trading above their 50-day SMA.

Must Reads

Cryptocurrency Investors Wade Into Dark Pools
If true believers in cryptocurrency hoped to create a more transparent financial system that didn’t depend upon trust, what are they to make of the emergence of bitcoin dark pools? Republic Protocol, a Singapore-based company, raised 35,000 ether ($33.

Tata Steel’s bids for Bhushan a déjà vu moment for investors
The last time Tata Steel stretched its balance sheet to grow in size, it was to acquire Corus Plc. It took a hard fall on that one.

‘BoB knew Kothari’s record, panicked after Nirav escape’
Rotomac’s Vikram Kothari Nirav Modi’s escape abroad, within two years of Vijay Mallya similarly hoodwinking the law after allegedly defaulting on banks loans worth hundreds of crores, seems to have let panic loose on the banking sector, and investigators believe the

SEBI Allows NSE, BSE To Offer Cross-Currency Derivatives
The Securities and Exchange Board of India allowed both the bourses to launch cross-currency futures and options in euro-dollar, pound-dollar, and dollar-yen, the exchanges said in a statement. SEBI also allowed them to introduce euro-rupee, pound-rupee and yen-rupee options.

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

Good luck!

Options Daily 22.02.2018

NIFTY Summary:

  1. Mar 9000 calls added 3,19,575 contracts.
  2. Mar 10900 calls shed 32,850.
  3. Mar 10200 puts added 3,23,625.
  4. Mar 7000 puts shed 10,650.

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

Avg. True Range

NIFTY.50 NIFTY.BANK
3 116.90 354.87
5 133.50 407.94
10 140.17 432.56
20 132.15 414.87

NIFTY 50 NIFTY BANK
TrueRange 76.50 203.35
TrueHigh 10426.10 24999.70
TrueLow 10349.60 24796.35
Avg. True Range

NIFTY.50 NIFTY.BANK
3 116.90 354.87
5 133.50 407.94
10 140.17 432.56
20 132.15 414.87

NIFTY 50 NIFTY BANK
TrueRange 76.50 203.35
TrueHigh 10426.10 24999.70
TrueLow 10349.60 24796.35

FEB NIFTY OI

FEB NIFTY OI chart

FEB BANKNIFTY OI

FEB BANKNIFTY OI chart

MAR NIFTY OI

MAR NIFTY OI chart

MAR BANKNIFTY OI

MAR BANKNIFTY OI chart

NIFTY Weighted Avg. Open Interest

NIFTY Weighted Avg. Open Interest chart

FEB NIFTY Volatility

FEB NIFTY Volatility chart

FEB BANKNIFTY Volatility

FEB BANKNIFTY Volatility chart

MAR NIFTY Volatility

MAR NIFTY Volatility chart

MAR BANKNIFTY Volatility

MAR 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(1,2)+GARCH(1,1) model:

VIX 15.96 15.98 15.94 15.91 15.88
σ 0.66 0.67 0.67 0.68 0.68

Marketwide OI

Securities under ban today: BALRAMCHIN, FORTIS, GMRINFRA, IFCI, JISLJALEQS, JPASSOCIAT.
market wide position limit chart