Kotak Securities
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For over 25 years, Kotak Securities has led the way for reinvention in the Indian stock broking industry with the ideal blend of research and innovation.

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Derivative Research Desk
 
Disclaimers: https://bit.ly/DisclaimerKSLResearch
MAX_PAIN for Nifty 02MAY2024 Expiry Series:

Nifty CMP : 22605

The Max Pain is seen at 22600 spot with the CE/PE Combined Residual Premium/Pain Value of 665.57 Crores.

What is MAX PAIN? The price point at which, if the market expires, then it would cause the maximum amount of pain (loss) to Option Buyers.

Disclaimer :https://bit.ly/DisclaimerKSLResearch

Source: www.nseindia.com
Kal pe Nazar (01-May-2024)

After an initially positive start, the Nifty fluctuated within a range of 22665-22780 for much of the trading session. However, aggressive profit booking in the final hour wiped out all gains, resulting in the Nifty ending the day in negative territory with a loss of 0.17 percent.

The Nifty Midcap 100 index outperformed the Nifty 50, closing the session with a marginal gain of 0.07 percent.

Among a range of sectors, Auto and Realty stood out as top performers, exhibiting strength. Conversely, Media and IT lagged behind, facing hurdles and displaying weaker performance throughout the trading session.

The options market indicates that the highest open interest on the call side is at 23000 level, while on the put side, its at 22500. Looking at today's option chain, we observe a greater amount of call writing activity compared to put writing, signaling a bearish sentiment in the market.

The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22550 and 22770. The Max Pain is seen at 22600 spot with the CE/PE Combined Residual Premium/Pain Value of 665.57 Crores.

In the cash market, Foreign Institutional Investors (FIIs) were net buyers with an activity totaling 1071.93 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 1429.11 crore.

Disclaimers: https://bit.ly/DisclaimerKSLResearch

Source: www.nseindia.com
Join Shrikant Chouhan as he takes us through the #TradeTalk Podcast.

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Hindi: https://youtu.be/-C22e3RfPCg

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Option Chain Analysis (30-April-2024 ;EOD)

The options market indicates that the highest open interest on the call side is at 23000 level, while on the put side, its at 22500. Looking at today's option chain, we observe a greater amount of call writing activity compared to put writing, signaling a bearish sentiment in the market.

The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22550 and 22770. The Max Pain is seen at 22600 spot with the CE/PE Combined Residual Premium/Pain Value of 665.57 Crores.

Update on Option Chain Analysis will be shared in the Live market

Disclaimer :https://bit.ly/DisclaimerKSLResearch

Source: www.nseindia.com
Intraday:

BUY NSECALL BANKNIFTY 08MAY2024 49800 @ 250.90 SL 210 TGT 300,320

https://bit.ly/DisclaimerKSLResearch
5 day Positional Call by Kotak Securities

BUY BPCL

Current Market Price - ₹ 623.95

Stop Loss Price - ₹ 609

Target - ₹ 640, ₹ 655

Want research delivered as an SMS? Click here - https://bit.ly/Ksec_ResearchSMS

__________________________

For Detailed Research Report: www.kotaksecurities.com

Disclaimer: https://bit.ly/DisclaimerKSLResearch
Nifty Intraday Options:
(High-Risk Expiry bet)

BUY 2MAY2024 22700PE @ 27-30

SL : Entire Premium

TGT 60, 80


Disc: https://bit.ly/DisclaimerKSLResearch
Kotak Securities
Nifty Intraday Options: (High-Risk Expiry bet) BUY 2MAY2024 22700PE @ 27-30 SL : Entire Premium TGT 60, 80 Disc: https://bit.ly/DisclaimerKSLResearch
..
Nifty Expiry bet 22700PE Update:

Exit above cost, downward momentum is slowing down.
CMP 33 (high@ 41) | Initiated @ ~27-30

* Fresh trade to be re-considered as data evolves.
CASH INTRADAY:-

BUY NTPC @ 370 SL 367 TGT 374,376

https://bit.ly/DisclaimerKSLResearch
Nifty Option Chain Analysis (2MAY2024)
CMP: 22680 (1:20PM)

📌 Nifty opened flat near the 22550 mark and gradually ascended towards earlier breakdown levels of ~22700.
Notably, there's a substantial increase in OI on both sides, nearly 2x the usual amount, suggesting a lack of significant market sentiment shift!

📌 Total OI : CALL @ 89Lk (+47Lk) Vs PUTs @ 1Cr (+60Lk); PCR @1.13, Unchanged since 11AM.

📌 Money-flow Activity: No meaningful activity seen in the past 2 Hrs, indicating a possible consolidation phase.

📌 Intraday Technical Sup/Res: 22630/22720

📌 Overall, it's important to note the substantial build-ups in OI on both sides.
This suggests a balanced market sentiment, potentially signalling a sideways trajectory for the day.


Initiated:
Nifty 2MAY24 22700PE @ 27 | Status: Closed above cost @ 33


Any change in outlook shall be communicated.

Source: www.nseindia.com
Disc: https://bit.ly/DisclaimerKSLResearch
Which of the following is a low-risk investment?
Anonymous Quiz
40%
Stocks
54%
Bonds
2%
Cryptocurrency
4%
Commodities
Carryforward Call by Kotak Securities

BUY NSEFUT BALKRISIND MAY

Current Market Price - ₹ 2,475.95

Stop Loss Price - ₹ 2,440

Target - ₹ 2,515 , ₹ 2,535

Want research delivered as an SMS? Click here - https://bit.ly/Ksec_ResearchSMS

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For Detailed Research Report: www.kotaksecurities.com

Disclaimer: https://bit.ly/DisclaimerKSLResearch