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MTECHTIPS:-Market Snapshot:&Options Analysis:
Nifty futures witnessed positive momentum for the first half of trading session but could not able to sustain at higher levels in the absence of follow up buying interest. Nifty is not able to sustain above 4900 levels and sell off is seen at every bounce back. Nifty future saw increase in open interest by 3.08% with a marginal fall in price by 0.09%. Market witnessed buying interest FMCG, Realty, Oil & Gas and Metal sector stocks whereas selling pressure was seen in CG, CD, Auto and Power sector stocks. For the day, If Nifty future sustains above 4830 levels then only relief rally may be seen towards 4900 which is next immediate resistance zone. Whereas sustaining below 4770 levels would attract selling pressure towards 4700 levels.On the Options front, maximum Put OI is stood at 4800 followed by 4700 strike price whereas maximum Call OI is at 5200 strike price. The Put Call Ratio based on Open Interest of Nifty moved up from 0.89 to 0.91 levels. HV of Nifty moved down from 22.03 to 21.36 levels and IV marginally moved down from 22.86 to 22.49 levels. The market turnover decreased by 7.48% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 7.58%.
Nifty futures witnessed positive momentum for the first half of trading session but could not able to sustain at higher levels in the absence of follow up buying interest. Nifty is not able to sustain above 4900 levels and sell off is seen at every bounce back. Nifty future saw increase in open interest by 3.08% with a marginal fall in price by 0.09%. Market witnessed buying interest FMCG, Realty, Oil & Gas and Metal sector stocks whereas selling pressure was seen in CG, CD, Auto and Power sector stocks. For the day, If Nifty future sustains above 4830 levels then only relief rally may be seen towards 4900 which is next immediate resistance zone. Whereas sustaining below 4770 levels would attract selling pressure towards 4700 levels.On the Options front, maximum Put OI is stood at 4800 followed by 4700 strike price whereas maximum Call OI is at 5200 strike price. The Put Call Ratio based on Open Interest of Nifty moved up from 0.89 to 0.91 levels. HV of Nifty moved down from 22.03 to 21.36 levels and IV marginally moved down from 22.86 to 22.49 levels. The market turnover decreased by 7.48% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 7.58%.
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