Posts
MTECHTIPS:-Market Snapshot: & Options Analysis:
Nifty futures started the Expiry week on a positive note with buying seen across the board especially in Banking, Power and CD space. Nifty after witnessing a dull move in the early trades, had a short covering rally in the afternoon session on the back of positive global cues and news flows. Ahead of Expiry week volatility may remain intact in the market hence one should keep strict stop levels for trading. Nifty future saw increase in open interest by 5.56% with a rise in price by 1.15%. Market witnessed buying interest across the board especially in Banking, Power, CD, CG, Auto, PSU, Realty, Metal, FMCG and Tech sector stocks. If Nifty future sustains above 4980 levels then relief rally may be continued towards 5050 levels whereas sustaining below 4950 levels would attract selling pressure towards 4900 levels.On the Options front, maximum Call OI is shifted at 5100 followed by 5200 strike price.Ahead of Expiry week volatility may remain intact in the market hence one should keep strict stop levels for trading. he Put Call Ratio based on Open Interest of Nifty moved up from 1.04 to 1.06 levels. HV of Nifty moved up from 20.88 to 20.94 levels and IV moved up from 22.21 to 23.02 levels. The market turnover increased by 10.8% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 11.67%.
Nifty futures started the Expiry week on a positive note with buying seen across the board especially in Banking, Power and CD space. Nifty after witnessing a dull move in the early trades, had a short covering rally in the afternoon session on the back of positive global cues and news flows. Ahead of Expiry week volatility may remain intact in the market hence one should keep strict stop levels for trading. Nifty future saw increase in open interest by 5.56% with a rise in price by 1.15%. Market witnessed buying interest across the board especially in Banking, Power, CD, CG, Auto, PSU, Realty, Metal, FMCG and Tech sector stocks. If Nifty future sustains above 4980 levels then relief rally may be continued towards 5050 levels whereas sustaining below 4950 levels would attract selling pressure towards 4900 levels.On the Options front, maximum Call OI is shifted at 5100 followed by 5200 strike price.Ahead of Expiry week volatility may remain intact in the market hence one should keep strict stop levels for trading. he Put Call Ratio based on Open Interest of Nifty moved up from 1.04 to 1.06 levels. HV of Nifty moved up from 20.88 to 20.94 levels and IV moved up from 22.21 to 23.02 levels. The market turnover increased by 10.8% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 11.67%.
No comments:
Post a Comment