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MTECHTIPS:-Market Snapshot:& Options Analysis:
Nifty futures witnessed dull move with trading in a very narrow range for the entire trading session. In the hour of session selling was seen as rupee hits its fresh all time low levels. Nifty future saw decrease in open interest by 1.03% with a marginal rise in price. Market witnessed buying interest CG, Realty, Power, Banking, PSU, Oil & Gas and Auto sector stocks whereas selling pressure was seen in IT, FMCG and Tech sector stocks. For the day, If Nifty future sustains above 4930 levels then only relief rally may be seen towards 4980-5000 levels which is next immediate resistance zone. Whereas sustaining below 4880 levels would attract selling
pressure towards 4800 levels.On the Options front, maximum Put OI is shifted at 4700 followed by 4800 strike price whereas maximum Call OI is at 5200 followed by 5100 strike price. The Put Call Ratio based on Open Interest of Nifty slightly moved up from 0.91 to 0.92 levels. HV of Nifty moved down from 21.01 to 20.37 levels and IV moved up from 22.56 to 23.01 levels. The market turnover decreased by 14.75% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 14.36%.
Nifty futures witnessed dull move with trading in a very narrow range for the entire trading session. In the hour of session selling was seen as rupee hits its fresh all time low levels. Nifty future saw decrease in open interest by 1.03% with a marginal rise in price. Market witnessed buying interest CG, Realty, Power, Banking, PSU, Oil & Gas and Auto sector stocks whereas selling pressure was seen in IT, FMCG and Tech sector stocks. For the day, If Nifty future sustains above 4930 levels then only relief rally may be seen towards 4980-5000 levels which is next immediate resistance zone. Whereas sustaining below 4880 levels would attract selling
pressure towards 4800 levels.On the Options front, maximum Put OI is shifted at 4700 followed by 4800 strike price whereas maximum Call OI is at 5200 followed by 5100 strike price. The Put Call Ratio based on Open Interest of Nifty slightly moved up from 0.91 to 0.92 levels. HV of Nifty moved down from 21.01 to 20.37 levels and IV moved up from 22.56 to 23.01 levels. The market turnover decreased by 14.75% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 14.36%.
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