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MTECHTIPS:-Market Snapshot:&Options Analysis:
Nifty futures witnessed decrease in open interest by 0.11% with a significant rise in price by 2.73%. After a gap up opening, nifty future continued its positive momentum towards 5000 levels and registered a biggest intraday gain since January, 2012. Nifty witnessed strong short covering followed by fresh long positions which supported it to close with the gain a decent gain of more than 135 points. Market witnessed buying interest across the board especially in Auto, CG, Power, Banking, FMCG, Metal, Realty, PSU, CD, Tech, Oil & Gas, IT and HC sector stocks. Index if sustains above 5000 levels then rally may be seen towards 5050-5100 levels whereas sustaining below 4950 levels would attract selling pressure towards 4900-4880 levels.On the Options front, maximum Put OI is shifted at 4800 followed by 4500 strike price whereas maximum Call OI is at 5000 followed by 5200 strike price. The Put Call Ratio based on Open Interest of Nifty moved up from 1.27 to 1.35 levels. HV of Nifty moved up from 20.08 to 23.19 levels but IV slightly declined from 24.77 to 24.70 levels. The market turnover increased significantly by 46.98% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 48.58%.
Nifty futures witnessed decrease in open interest by 0.11% with a significant rise in price by 2.73%. After a gap up opening, nifty future continued its positive momentum towards 5000 levels and registered a biggest intraday gain since January, 2012. Nifty witnessed strong short covering followed by fresh long positions which supported it to close with the gain a decent gain of more than 135 points. Market witnessed buying interest across the board especially in Auto, CG, Power, Banking, FMCG, Metal, Realty, PSU, CD, Tech, Oil & Gas, IT and HC sector stocks. Index if sustains above 5000 levels then rally may be seen towards 5050-5100 levels whereas sustaining below 4950 levels would attract selling pressure towards 4900-4880 levels.On the Options front, maximum Put OI is shifted at 4800 followed by 4500 strike price whereas maximum Call OI is at 5000 followed by 5200 strike price. The Put Call Ratio based on Open Interest of Nifty moved up from 1.27 to 1.35 levels. HV of Nifty moved up from 20.08 to 23.19 levels but IV slightly declined from 24.77 to 24.70 levels. The market turnover increased significantly by 46.98% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 48.58%.
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