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MTECHTIPS:- Market Snapshot & Options Analysis:
Nifty futures opened positive as taking cues from Global indices. It struggled hard to cross and hold 5120-5125 area, but in the absence of follow up buying and emerging profit booking at higher levels hit the market below 5050 levels. Nifty future closed negative at 5052.60 levels. Nifty future saw decrease in open interest by 2.10% with a fall in price by 0.13%. Market witnessed buying interest only in Consumer Durables and FMCG sector while selling pressure was seen in Capital Goods, Health Care, Realty, Oil & Gas, Auto, Banking, PSU and Metal sector stocks. Nifty For the day, If sustains above 5050 levels then a positive move may be seen towards 5100-5120 levels whereas sustaining below 5000 levels would attract fresh selling pressure towards 4950-4920 levels.On the Options front, maximum Put OI is at 4800 followed by 4900 strike price whereas maximum Call OI is at 5200 followed by 5100 strike price. The Put Call Ratio based on Open Interest of Nifty moved down from 1.46 to 1.44 levels. HV of Nifty moved down from 22.46 to 21.78 levels and IV also declined from 23.11 to 23.70 levels. The market turnover increased by 5.59% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 7.10%.
Nifty futures opened positive as taking cues from Global indices. It struggled hard to cross and hold 5120-5125 area, but in the absence of follow up buying and emerging profit booking at higher levels hit the market below 5050 levels. Nifty future closed negative at 5052.60 levels. Nifty future saw decrease in open interest by 2.10% with a fall in price by 0.13%. Market witnessed buying interest only in Consumer Durables and FMCG sector while selling pressure was seen in Capital Goods, Health Care, Realty, Oil & Gas, Auto, Banking, PSU and Metal sector stocks. Nifty For the day, If sustains above 5050 levels then a positive move may be seen towards 5100-5120 levels whereas sustaining below 5000 levels would attract fresh selling pressure towards 4950-4920 levels.On the Options front, maximum Put OI is at 4800 followed by 4900 strike price whereas maximum Call OI is at 5200 followed by 5100 strike price. The Put Call Ratio based on Open Interest of Nifty moved down from 1.46 to 1.44 levels. HV of Nifty moved down from 22.46 to 21.78 levels and IV also declined from 23.11 to 23.70 levels. The market turnover increased by 5.59% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 7.10%.
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