MTECHTIPS:-Market Snapshot & Options Analysis
Nifty futures witnessed dull movement throughout the trading session with trading in a narrow band of around 50 points. Nifty is trading near 5300 mark with lackluster move in the absence of any directional trigger and both Bulls & Bears are fighting to get their grip on the market. Nifty for the day if it sustains above 5320-5330 levels then intraday bounce back may be seen towards 5380 levels. Whereas on downside if it fails to hold 5280-5270 levels then selling pressure may be seen towards 5220 levels. Nifty future saw increase in OI by 1% with a fall in price only by 0.17%. Market witnessed marginal buying interest in CG, CD and Auto sector stocks whereas selling pressure was seen in Realty, Oil & Gas, Banking, Metal and HC sector stocks. Nifty future closed at premium of 29 points as compared premium of 33 points in previous trading session.On the Options front, maximum Call OI is concentrated at 5400 followed by 5500 strike price whereas maximum Put OI is at 5200 strike price followed by 5000 strike price. The Put Call Ratio based on Open Interest of Nifty slightly moved up from 0.90 to 0.91 levels. HV of Nifty moved down from 14.25 to 13.82 levels and IVs also moved down from 16.24 to 16.17 levels.The market turnover decreased by 14.21% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 14.28%.
Nifty futures witnessed dull movement throughout the trading session with trading in a narrow band of around 50 points. Nifty is trading near 5300 mark with lackluster move in the absence of any directional trigger and both Bulls & Bears are fighting to get their grip on the market. Nifty for the day if it sustains above 5320-5330 levels then intraday bounce back may be seen towards 5380 levels. Whereas on downside if it fails to hold 5280-5270 levels then selling pressure may be seen towards 5220 levels. Nifty future saw increase in OI by 1% with a fall in price only by 0.17%. Market witnessed marginal buying interest in CG, CD and Auto sector stocks whereas selling pressure was seen in Realty, Oil & Gas, Banking, Metal and HC sector stocks. Nifty future closed at premium of 29 points as compared premium of 33 points in previous trading session.On the Options front, maximum Call OI is concentrated at 5400 followed by 5500 strike price whereas maximum Put OI is at 5200 strike price followed by 5000 strike price. The Put Call Ratio based on Open Interest of Nifty slightly moved up from 0.90 to 0.91 levels. HV of Nifty moved down from 14.25 to 13.82 levels and IVs also moved down from 16.24 to 16.17 levels.The market turnover decreased by 14.21% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 14.28%.
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