Posts
MTECHTIPS:-Market Snapshot:&Options Analysis:
Nifty futures continued to maintain its positive momentum for the second consecutive trading session with heavy built up seen on Long Front. Nifty witnessed range bund move near psychological 5000 mark for the first half of trading day and then buying was seen on the later half followed by short covering. Nifty future witnessed increase in open interest by 5.5% with a rise in price by 1.02%. Market witnessed buying interest almost across the board especially in Realty, Banking, Auto, Metal, Power, CG, FMCG and Tech sector stocks whereas marginal selling was seen only in CD space. Nifty May future closed at discount of 20 points as compared to discount of 18 points of previous trading session. If Nifty sustains above 5040 levels then rally may be seen towards 5100 levels whereas sustaining below 5000 levels would attract selling pressure towards 4950-4920 levels.On the Options front, maximum Put OI is stood at 4800 followed by 4500 strike price whereas maximum Call OI is at 5100 followed by 5000 strike price. The Put Call Ratio based on Open Interest of Nifty stood at 1.35 levels. HV of Nifty moved down from 23.19 to 22.98 levels and IV also declined from 24.70 to 23.53 levels. The market turnover decreased by 17.47% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 16.85%.
Nifty futures continued to maintain its positive momentum for the second consecutive trading session with heavy built up seen on Long Front. Nifty witnessed range bund move near psychological 5000 mark for the first half of trading day and then buying was seen on the later half followed by short covering. Nifty future witnessed increase in open interest by 5.5% with a rise in price by 1.02%. Market witnessed buying interest almost across the board especially in Realty, Banking, Auto, Metal, Power, CG, FMCG and Tech sector stocks whereas marginal selling was seen only in CD space. Nifty May future closed at discount of 20 points as compared to discount of 18 points of previous trading session. If Nifty sustains above 5040 levels then rally may be seen towards 5100 levels whereas sustaining below 5000 levels would attract selling pressure towards 4950-4920 levels.On the Options front, maximum Put OI is stood at 4800 followed by 4500 strike price whereas maximum Call OI is at 5100 followed by 5000 strike price. The Put Call Ratio based on Open Interest of Nifty stood at 1.35 levels. HV of Nifty moved down from 23.19 to 22.98 levels and IV also declined from 24.70 to 23.53 levels. The market turnover decreased by 17.47% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 16.85%.
No comments:
Post a Comment