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.
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Source: www.nseindia.com
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
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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
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
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BUY NSECALL BANKNIFTY 08MAY2024 49800 @ 250.90 SL 210 TGT 300,320
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5 day Positional Call by Kotak Securities
BUY BPCL
Current Market Price - ₹ 623.95
Stop Loss Price - ₹ 609
Target - ₹ 640, ₹ 655
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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
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Nifty Intraday Options:
(High-Risk Expiry bet)
BUY 2MAY2024 22700PE @ 27-30
SL : Entire Premium
TGT 60, 80
Disc: https://bit.ly/DisclaimerKSLResearch
(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.
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.
Here is our today’s positional call update for you from our technical research desk!
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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
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
#Positional #MTF
BUY INDIACEM @ 215,225.10 SL 193 TGT 300,330
Trend continuation seen with support of 193
Favourable risk reward
Broader market remains positive with increased risk
Derivatives Research Desk
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BUY INDIACEM @ 215,225.10 SL 193 TGT 300,330
Trend continuation seen with support of 193
Favourable risk reward
Broader market remains positive with increased risk
Derivatives Research Desk
Disclaimers: https://bit.ly/DisclaimerKSLResearch
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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
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BUY NSEFUT BALKRISIND MAY
Current Market Price - ₹ 2,475.95
Stop Loss Price - ₹ 2,440
Target - ₹ 2,515 , ₹ 2,535
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MAX_PAIN for Nifty 09MAY2024 Expiry Series:
Nifty CMP : 22648
The Max Pain is seen at 22700 spot with the CE/PE Combined Residual Premium/Pain Value of 414.7 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
Nifty CMP : 22648
The Max Pain is seen at 22700 spot with the CE/PE Combined Residual Premium/Pain Value of 414.7 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 (03-May-2024)
After an initial uptick, the Nifty oscillated within a range of 22620-22710 throughout the entire trading day, ultimately settling with a positive gain of 0.19 percent.
The Nifty Midcap 100 index exhibited stronger performance compared to the Nifty 50, closing the day with a positive gain of 0.49 percent.
Among a range of sectors, Auto and Metal stood out as top performers, exhibiting strength. Conversely, Banking and Media 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, it’s at 22700. Looking at today's option chain, we observe a greater amount of put writing activity compared to call writing, signaling a bearish sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22500 and 22860. The Max Pain is seen at 22700 spot with the CE/PE Combined Residual Premium/Pain Value of 414.7 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net sellers with an activity totaling 964.47 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 1352.44 crore.
Disclaimers: https://bit.ly/DisclaimerKSLResearch
Source: www.nseindia.com
After an initial uptick, the Nifty oscillated within a range of 22620-22710 throughout the entire trading day, ultimately settling with a positive gain of 0.19 percent.
The Nifty Midcap 100 index exhibited stronger performance compared to the Nifty 50, closing the day with a positive gain of 0.49 percent.
Among a range of sectors, Auto and Metal stood out as top performers, exhibiting strength. Conversely, Banking and Media 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, it’s at 22700. Looking at today's option chain, we observe a greater amount of put writing activity compared to call writing, signaling a bearish sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22500 and 22860. The Max Pain is seen at 22700 spot with the CE/PE Combined Residual Premium/Pain Value of 414.7 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net sellers with an activity totaling 964.47 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 1352.44 crore.
Disclaimers: https://bit.ly/DisclaimerKSLResearch
Source: www.nseindia.com
Kotak Securities
Disclaimer for Kotak Securities Research Reports
Read Kotak Securities disclaimer for research reports. Understand the risks associated with stock market investment and find out how financial advice from our experts can help you make informed decisions.
Join Shrikant Chouhan as he takes us through the #TradeTalk Podcast.
Tune in-
Hindi: https://youtu.be/gRDQxpJX7Tc
English: https://youtu.be/8R8h2htaefc
Disc: https://bit.ly/DisclaimerKSLResearch
Tune in-
Hindi: https://youtu.be/gRDQxpJX7Tc
English: https://youtu.be/8R8h2htaefc
Disc: https://bit.ly/DisclaimerKSLResearch