MTECHTIPS:-Market Snapshot & Options Analysis
Nifty futures was not able to hold above 5450 levels in the absence of follow up buying interest then it fell down sharply towards 5400 levels. Put writing at lower levels supported to the marker and finally it closed at around 5430 levels. Nifty for the day if it sustains above 5450 zone then further positive move may be continued towards 5480-5500 levels. Whereas on downside if it fails to hold 5400 levels then only selling pressure may be seen towards 5370-5350 levels. Market witnessed marginal buying interest in IT, FMCG, Health Care and Metal sector stocks whereas selling pressure was seen in Oil & Gas, Auto, Capital Goods, Power, Consumer Durables, PSU, Realty and Banking sector stocks On the Options front, maximum Call OI is intact at 5500 followed by 5400 strike price whereas maximum Put OI is at 5300 followed by 5000 strike price. Put writing at 5300 and 5400 strike are holding the market while call writing at 5400 and 5500 strike are putting pressure at every rise on the market. The market turnover increased by 21.55% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 21.42%. The Put Call Ratio based on Open Interest of Nifty remained unchanged
at 1.30 levels. HV of Nifty moved down from 15.66 to 15.18 levels and IVs also moved down from 14.54 to 14.03 levels
Nifty futures was not able to hold above 5450 levels in the absence of follow up buying interest then it fell down sharply towards 5400 levels. Put writing at lower levels supported to the marker and finally it closed at around 5430 levels. Nifty for the day if it sustains above 5450 zone then further positive move may be continued towards 5480-5500 levels. Whereas on downside if it fails to hold 5400 levels then only selling pressure may be seen towards 5370-5350 levels. Market witnessed marginal buying interest in IT, FMCG, Health Care and Metal sector stocks whereas selling pressure was seen in Oil & Gas, Auto, Capital Goods, Power, Consumer Durables, PSU, Realty and Banking sector stocks On the Options front, maximum Call OI is intact at 5500 followed by 5400 strike price whereas maximum Put OI is at 5300 followed by 5000 strike price. Put writing at 5300 and 5400 strike are holding the market while call writing at 5400 and 5500 strike are putting pressure at every rise on the market. The market turnover increased by 21.55% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 21.42%. The Put Call Ratio based on Open Interest of Nifty remained unchanged
at 1.30 levels. HV of Nifty moved down from 15.66 to 15.18 levels and IVs also moved down from 14.54 to 14.03 levels
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