MTECHTIPS:- Market Snapshot & Options Analysis
Nifty futures started the September series expiry with negative tone and closed below psychological 5300 mark. After the GDP data declaration on Friday, market witnessed some recovery but it was short lived as it failed to impress the market participants along with amid political conditions on coal block allocation put pressure to market. Nifty for the day if it sustains above 5320 levels then intraday bounce back may be seen towards 5350-5380 levels. Whereas on downside if it fails to hold 5280 levels then selling pressure may be seen towards 5250-5220 levels. Nifty future saw decrease in OI by 3.6% with a fall in price by 0.72%. Market witnessed marginal buying interest only in HC sector stocks whereas selling pressure was seen in Metal, Power, Auto, Oil & Gas, Realty, FMCG, IT, CG, Tech and PSU sector stocks. Nifty future closed at premium of 33 points.On the Options front, maximum Call OI is concentrated at 5600 followed by 5500 strike price whereas maximum Put OI is at 5200 strike price. The Put Call Ratio based on Open Interest of Nifty moved down from 0.92 to 0.90 levels. HV of Nifty slightly moved down from 14.32 to 14.25 levels but IVs also moved up from 15.98 to 16.24 levels. The market turnover decreased by 47.77% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 48%.
Nifty futures started the September series expiry with negative tone and closed below psychological 5300 mark. After the GDP data declaration on Friday, market witnessed some recovery but it was short lived as it failed to impress the market participants along with amid political conditions on coal block allocation put pressure to market. Nifty for the day if it sustains above 5320 levels then intraday bounce back may be seen towards 5350-5380 levels. Whereas on downside if it fails to hold 5280 levels then selling pressure may be seen towards 5250-5220 levels. Nifty future saw decrease in OI by 3.6% with a fall in price by 0.72%. Market witnessed marginal buying interest only in HC sector stocks whereas selling pressure was seen in Metal, Power, Auto, Oil & Gas, Realty, FMCG, IT, CG, Tech and PSU sector stocks. Nifty future closed at premium of 33 points.On the Options front, maximum Call OI is concentrated at 5600 followed by 5500 strike price whereas maximum Put OI is at 5200 strike price. The Put Call Ratio based on Open Interest of Nifty moved down from 0.92 to 0.90 levels. HV of Nifty slightly moved down from 14.32 to 14.25 levels but IVs also moved up from 15.98 to 16.24 levels. The market turnover decreased by 47.77% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees decreased by 48%.
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