Expiry ki Baat @ 7June 2023
• Nifty continues to trade with a bullish setup with trend support placed at 18150 - momentum support seen at 18460
• FII segment trade with a negative bias while PRO and Client segment trade with a mixed bias
• Options chain - OI concentration in Nifty is in 18700CE and 18600PE. In BankNifty the OI concentration is at 44000 put and 44300 call
• Considering the overall setup, expect range bound movement for the upcoming expiry session. Range is seen at 18550-18750
Suggested Strategy
Nifty - High Risk - Sell 18600 put with trading SL
Nifty - Range bound - Short 18600 put and 18800 call with trading SL
Banknifty - Range bound - Short 43700 put and 44700 call with trading SL
Derivatives Research Desk
Disclaimer: https://bit.ly/DisclaimerKSLResearch
Event alert : RBI policy tomorrow @ 10:00 am approx • Nifty continues to trade with a bullish setup with trend support placed at 18150 - momentum support seen at 18460
• FII segment trade with a negative bias while PRO and Client segment trade with a mixed bias
• Options chain - OI concentration in Nifty is in 18700CE and 18600PE. In BankNifty the OI concentration is at 44000 put and 44300 call
• Considering the overall setup, expect range bound movement for the upcoming expiry session. Range is seen at 18550-18750
Suggested Strategy
Nifty - High Risk - Sell 18600 put with trading SL
Nifty - Range bound - Short 18600 put and 18800 call with trading SL
Banknifty - Range bound - Short 43700 put and 44700 call with trading SL
Derivatives Research Desk
Disclaimer: https://bit.ly/DisclaimerKSLResearch
Carry forward Call by Kotak Securities
BUY NSEFUT POWERGRID JUN
Current Market Price - ₹ 240.30
Stop Loss Price - ₹ 235
Target - ₹ 247, ₹ 252
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
BUY NSEFUT POWERGRID JUN
Current Market Price - ₹ 240.30
Stop Loss Price - ₹ 235
Target - ₹ 247, ₹ 252
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
Kotak Securities
Many of us prefer executing trades or investments for the long-term, depending on aspects like a potential for higher returns, in-depth strategy building and trends. But, what factors should we consider while considering opportunities based on a positional…
YouTube
The building blocks of positional trading: Strategies and Opportunities | Kotak Securities
Many of us prefer executing trades or investments for the long-term, depending on aspects like a potential for higher returns, in-depth strategy building and trends. But, what factors should we consider while considering opportunities based on a positional…
#MarketsClosing:
BSE Sensex:63,143 (0.6%) 🟢
Nifty50: 18,726 (0.7%) 🟢
BSE Midcap: 27,752 (1.1%) 🟢
BSE Smallcap: 31,534 (1.2%) 🟢
Top 5 Sensex Gainers:
Nestle India - 3.0%
Tata Steel - 2.3%
Tata Motors - 2.2%
Bharti Airtel - 1.7%
Larsen & Toubro - 1.7%
Top 5 Sensex Losers:
Kotak Mahindra Bank - 1.2%
Bajaj Finance - 0.5%
Mahindra & Mahindra - 0.4%
ICICI Bank - 0.2%
Maruti Suzuki India - 0.2%
BSE Sensex:63,143 (0.6%) 🟢
Nifty50: 18,726 (0.7%) 🟢
BSE Midcap: 27,752 (1.1%) 🟢
BSE Smallcap: 31,534 (1.2%) 🟢
Top 5 Sensex Gainers:
Nestle India - 3.0%
Tata Steel - 2.3%
Tata Motors - 2.2%
Bharti Airtel - 1.7%
Larsen & Toubro - 1.7%
Top 5 Sensex Losers:
Kotak Mahindra Bank - 1.2%
Bajaj Finance - 0.5%
Mahindra & Mahindra - 0.4%
ICICI Bank - 0.2%
Maruti Suzuki India - 0.2%
In Index options, FII flipped to net long; PRO further added to net longs
In the index futures space, FII remains neutral while PRO remains net short (low aggression)
Client bias remains negative with strong net shorts in index options.
Derivatives Research Desk
Disclaimer: https://bit.ly/researchdisc1
In the index futures space, FII remains neutral while PRO remains net short (low aggression)
Client bias remains negative with strong net shorts in index options.
Derivatives Research Desk
Disclaimer: https://bit.ly/researchdisc1
Option Chain Analysis:-
• Highest call side open interest is at 18900 & highest put side open interest is at18600.
• Aggressive put writing is witnessed in the range of 18600-18700 which indicates a positive sentiment.
• Vwap based trading range for tomorrow is 18650-18750, Breakout on either side may trigger volatility.
https://bit.ly/DisclaimerKSLResearch
• Highest call side open interest is at 18900 & highest put side open interest is at18600.
• Aggressive put writing is witnessed in the range of 18600-18700 which indicates a positive sentiment.
• Vwap based trading range for tomorrow is 18650-18750, Breakout on either side may trigger volatility.
https://bit.ly/DisclaimerKSLResearch
We're going live with our Expiry ki Baat in just 15 minutes!
Tune in: https://www.youtube.com/watch?v=-gs8ET_c2qg
Tune in: https://www.youtube.com/watch?v=-gs8ET_c2qg
YouTube
Expiry ki Baat | Derivatives | Weekly Expiry
broader markets continue to consolidate for thee 7th consecutive trading session. Midcap space continues to outperform where as mixed action is seen in the frontline space. With trend support placed at 18150 and momentum support at 18450, how is the data…
Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Banerjee
Tune in: https://youtu.be/0ztw3j9NecA
Disc: https://bit.ly/DisclaimerKSLResearch
Tune in: https://youtu.be/0ztw3j9NecA
Disc: https://bit.ly/DisclaimerKSLResearch
Join Shrikant Chouhan as he takes us through the #TradeTalk Podcast
Tune in-
English: https://youtu.be/gZB5p7Pv6Xg
Hindi: https://youtu.be/nZF0ZnJsRbE
Disc: https://bit.ly/DisclaimerKSLResearch
Tune in-
English: https://youtu.be/gZB5p7Pv6Xg
Hindi: https://youtu.be/nZF0ZnJsRbE
Disc: https://bit.ly/DisclaimerKSLResearch
Get your daily dose of the market before you start your trading day with #MarketReady!
Tune In: https://www.youtube.com/watch?v=BYEneQuda4Q
Tune In: https://www.youtube.com/watch?v=BYEneQuda4Q
YouTube
Market Ready by Kotak Securities - 8 June, 2023 | Nifty Strategy | Global Updates
Get your daily dose of the market before you start your trading day with #MarketReady!
Subscribe to Research SMS and get research calls from Kotak securities: https://ksec.onelink.me/7nkM/researchsms
Check out fundamental calls here - https://mtrad…
Subscribe to Research SMS and get research calls from Kotak securities: https://ksec.onelink.me/7nkM/researchsms
Check out fundamental calls here - https://mtrad…
Intraday:
SELL NSECALL BANKNIFTY 08JUN2023 44600 @ 16.5 ;
SELL NSEPUT BANKNIFTY 08JUN2023 43900 @ 18.5;
INFLOW : 35
SL : 60
TGT : 2
https://bit.ly/DisclaimerKSLResearch
SELL NSECALL BANKNIFTY 08JUN2023 44600 @ 16.5 ;
SELL NSEPUT BANKNIFTY 08JUN2023 43900 @ 18.5;
INFLOW : 35
SL : 60
TGT : 2
https://bit.ly/DisclaimerKSLResearch
Intraday:
SELL NSEPUT BANKNIFTY 08JUN2023 44000 @ 18 SL 36 TGT 2,1
https://bit.ly/DisclaimerKSLResearch
SELL NSEPUT BANKNIFTY 08JUN2023 44000 @ 18 SL 36 TGT 2,1
https://bit.ly/DisclaimerKSLResearch
Expiry Trade
Buy Nifty 18750 call @ 32-33 with SL of 15 tgt of 65,85
Nifty sustaining above previous days high on hourly basis
FII and PRO data positively biased
Favorable risk reward ratio for expiry day trade
Derivatives Research Desk
https://bit.ly/DisclaimerKSLResearch
Buy Nifty 18750 call @ 32-33 with SL of 15 tgt of 65,85
Nifty sustaining above previous days high on hourly basis
FII and PRO data positively biased
Favorable risk reward ratio for expiry day trade
Derivatives Research Desk
https://bit.ly/DisclaimerKSLResearch
#POSITIONAL
BUY SUNTECK @ 284.25 SL 260 TGT 350,400
KIE target placed at 455
Trend support seen at 260 weekly closing
Favorable risk reward ratio for a positional trade
Derivatives Research Desk
https://bit.ly/DisclaimerKSLResearch
BUY SUNTECK @ 284.25 SL 260 TGT 350,400
KIE target placed at 455
Trend support seen at 260 weekly closing
Favorable risk reward ratio for a positional trade
Derivatives Research Desk
https://bit.ly/DisclaimerKSLResearch
5 day Positional Call by Kotak Securities
BUY TATACHEM
Current Market Price - ₹ 1,005.90
Stop Loss Price - ₹ 985
Target - ₹ 1,030 , ₹ 1,050
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
BUY TATACHEM
Current Market Price - ₹ 1,005.90
Stop Loss Price - ₹ 985
Target - ₹ 1,030 , ₹ 1,050
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
Kotak Securities
Expiry Trade Buy Nifty 18750 call @ 32-33 with SL of 15 tgt of 65,85 Nifty sustaining above previous days high on hourly basis FII and PRO data positively biased Favorable risk reward ratio for expiry day trade Derivatives Research Desk https:…
Expiry trade setup - one view many plays !!
Call option buying for momentum
Bull call Spread if moderate movement expected
Put options selling for theta decay to play on limited downside
Every trade should have an objective exit level
Derivatives Research Desk
https://bit.ly/DisclaimerKSLResearch
Call option buying for momentum
Bull call Spread if moderate movement expected
Put options selling for theta decay to play on limited downside
Every trade should have an objective exit level
Derivatives Research Desk
https://bit.ly/DisclaimerKSLResearch
Nifty Option Chain Analysis
Nifty CMP: 18683 (2:35PM)
# CALL Writers are active in strikes across 18700-18900, adding an OI of 9.16Lk.
Immediate OI concentration @18700CE
The V-WAP Resistance is around the day’s high at ~18780 levels
# PUT Writers today are subdued; activity is seen only in the 18700-18650 strikes, adding an OI of only 2.70Lk
Immediate OI concentration @18650PE
V-WAP based Support is at ~18650 which is also the previous breakout area on hourly scale
# Since morning, Bears were comfortable selling CALLs at higher levels; a significant OI of 10Lk+ . On the PUT side unwinding is seen from the Bullish PUT sellers
# Data is suggesting a sustained selling pressure from higher levels and skewed Negatively at the moment
Chances of any meaningful recovery or reversal is less in the closing hours; however, given the Weekly Expiry today, one must remain vigilant.
Disc: https://bit.ly/DisclaimerKSLResearch
Source: www.nseindia.com
Nifty CMP: 18683 (2:35PM)
# CALL Writers are active in strikes across 18700-18900, adding an OI of 9.16Lk.
Immediate OI concentration @18700CE
The V-WAP Resistance is around the day’s high at ~18780 levels
# PUT Writers today are subdued; activity is seen only in the 18700-18650 strikes, adding an OI of only 2.70Lk
Immediate OI concentration @18650PE
V-WAP based Support is at ~18650 which is also the previous breakout area on hourly scale
# Since morning, Bears were comfortable selling CALLs at higher levels; a significant OI of 10Lk+ . On the PUT side unwinding is seen from the Bullish PUT sellers
# Data is suggesting a sustained selling pressure from higher levels and skewed Negatively at the moment
Chances of any meaningful recovery or reversal is less in the closing hours; however, given the Weekly Expiry today, one must remain vigilant.
Disc: https://bit.ly/DisclaimerKSLResearch
Source: www.nseindia.com