Nifty ends above 10600 for the first time since February 05, 2018

-
Markets continued to remain on a hot streak, ending above the important resistance level of 10600 for the first time since February 05, 2018. Reliance Industries was the biggest outperformer, closing marginally below its life-time high levels, gaining ~3.75% in the trade. Financial stocks remained under selling pressure for the third day in a row with PSU Bank index ending ~1% lower. Nifty IT index saw profit booking, closing ~2% lower. Market breadth ended in the favour of the declines with Advance/Decline ratio closing at 3:4x.

Tracking the derivative data points, Nifty and Bank Nifty futures in combination of April, May & June added open interest to the tune of ~14.3 lakh shares and ~3.75 thousand shares, hinting a buildup of long positions.

Tracking the Nifty Index Options, all the major in the money and out of the money call option strikes saw an unwinding of short positions, as the index breached important resistance with Nifty 10500CE shedding the highest open positions to the tune of ~4.72 lakh shares.

India Vix index ended the session 9.5% lower at 11.9.
 
Nifty+30  points @ 10614
Bank Nifty+81 points @ 25042
Top 2 F&O GainerGMR Infra & Sundaram Finance
Top 2 F&O LoserRELNAVAL & RCOM
Most Active Index Option Contract
Call Option10500CE, O.I: -4.72 lakh shares
Put Option10500PE, O.I: -8.09 lakh shares
Nifty Max O.I Strikes10700CE, 10500PE
Bank Nifty Max O.I Strikes25500CE, 24000PE (26th April 2018 Expiry)
  Click Here For Free Trial :-

Comments

Post a Comment

Popular posts from this blog

Top intraday trading ideas for afternoon trade for Monday 31 December 2018

-
Image
Top intraday trading ideas for afternoon trade for Monday 31 December 2018  NEW DELHI:    Equity benchmarks Sensex and Nifty50 were trading higher on Monday on account of buying in frontline bluechip counters. Markets collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade: Manas Jaiswal of manasjaiswal.com Tata Steel is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 514. Shriram Transport NSE 2.17 % is a 'Buy' call with a target price of Rs 1300 and a stop loss of Rs 1230. NSE LIVE 11:49 | 31-12-2018 Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2720 and a stop loss of Rs 2630. Kunal Bothra independent market expert Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2750 and a stop loss of Rs 2600. Chennai Petroleum is a 'Buy' call with a target price of Rs 306 and a stop los
Read more

F&O: Put writing at all immediate strikes shows Nifty may hold up

-
Image
F&O: Put writing at all immediate strikes shows Nifty may hold up  The Nifty50 index opened in the negative but managed to recover sharply from lower levels and headed towards the 10,750 level on Wednesday. It formed a Piercing Line pattern on the daily scale, as it recovered its losses of the last session by more than a half. It has been making lower lows from last four sessions and holds above the 10,750-10,777 zone can negate the same to extend its recent bounce towards 10,850 and then 10,929 levels.  Nifty has reclaimed its 50-day EMA while on the downside it has support at 10,650 and then 10,600 levels.  On the options front, maximum Put OI was at 10,000 followed by 10,500 and 10,700 levels, while maximum Call OI was at 11,000 followed by 10,900 level. Meaningful Put writing was seen at all the immediate strike prices from 10,650 to 10,500 level, which suggests support is intact while Call unwinding was seen at most strike prices till 11,000 level. The options band
Read more

WELCOME TO SMART MONEY FINANCIAL SERVICES

-
Image
               WELCOME TO SMART MONEY FS               WE CREATE THE OPPORTUNITY   "Smart Money Financial Service" is an Investment Advisory having a team consists of highly qualified analysts who are skilled and impeccable in their analysis. These analysts, using their experience and the latest software tools, are able to predict the movements in share market on time and with high accuracy. Please click here for Advisory Ranking: As a result, using our tips, our clients gain the most out of the share market. We provide recommendations for Stocks – Cash and F & O trad. 1. VISION GrowthPress focuses on conducting in-depth research on your customers, your competitors, and your search engine landscape. Using this, we create the right SEO strategy that helps. 2. MISSION You achieve your goals. Search engines are constantly evolving to reflect the complex human behavior. Thus, developing an SEO strategy for your Marketing WordPress Theme website.
Read more