*Derivatives update for podcast*
Good morning !! Greetings from Motilal Oswal. Derivatives update for Tuesday, 12th October 2021.
India VIX was up by 2.78% from 15.65 to 16.08 levels. Rise in volatility indicates a volatile swing but overall lower volatility has again given buying support to the broader market. Now VIX needs to cool down below 15-14 zones to continue the smooth ride of the market.
Nifty *Put/Call Ratio* (OI) remained unchanged at 1.30 level.
On Option data, Maximum Put OI is at 17000 strike while maximum Call OI is at 18000 strike. Minor call writing is seen 18000 then 18500 strike while Put writing is seen at 18000 then 17800 strike.
*Option data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17700 to 18200 zones.*
For weekly Bank Nifty, Maximum Put OI is at 38000 strike and maximum Call OI is placed at 40000 strike. We have seen Call writing in 40000 with significant unwinding at 38000 while Put writing is witnessed at 38000.
Bank Nifty Put Call Ratio increased from 0.78 to 1.17. Implied volatility increased from 18 to 19.8 levels.
Bank Nifty (CMP 38,293.80)
*Data setup for Bank Nifty suggests a trading range in between 37500/37700 to 38500/38800 zones.*
Looking ahead at the FII’s derivatives activity, there was long built up in index futures, call buying & put selling in index options and short built up in stock futures.
In the cash market, FIIs were net sellers to the tune of 1303 crores and DII’s were sellers worth 373 crores. FIIs Index Long Short Ratio increased to 64.06%.
Derivatives data and price set up suggests, Nifty has to hold above 17950 for an up move towards 18100 and 18200 levels whereas on the downside support is seen at 17777 and 17650 zones.
Bank Nifty has to hold above 38100 zones to witness an up move towards 38500 and 38800 levels while on the downside major support is seen at 37700 and 37500 levels.
Thank you. Have a great trading day..!!
Good morning !! Greetings from Motilal Oswal. Derivatives update for Tuesday, 12th October 2021.
India VIX was up by 2.78% from 15.65 to 16.08 levels. Rise in volatility indicates a volatile swing but overall lower volatility has again given buying support to the broader market. Now VIX needs to cool down below 15-14 zones to continue the smooth ride of the market.
Nifty *Put/Call Ratio* (OI) remained unchanged at 1.30 level.
On Option data, Maximum Put OI is at 17000 strike while maximum Call OI is at 18000 strike. Minor call writing is seen 18000 then 18500 strike while Put writing is seen at 18000 then 17800 strike.
*Option data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17700 to 18200 zones.*
For weekly Bank Nifty, Maximum Put OI is at 38000 strike and maximum Call OI is placed at 40000 strike. We have seen Call writing in 40000 with significant unwinding at 38000 while Put writing is witnessed at 38000.
Bank Nifty Put Call Ratio increased from 0.78 to 1.17. Implied volatility increased from 18 to 19.8 levels.
Bank Nifty (CMP 38,293.80)
*Data setup for Bank Nifty suggests a trading range in between 37500/37700 to 38500/38800 zones.*
Looking ahead at the FII’s derivatives activity, there was long built up in index futures, call buying & put selling in index options and short built up in stock futures.
In the cash market, FIIs were net sellers to the tune of 1303 crores and DII’s were sellers worth 373 crores. FIIs Index Long Short Ratio increased to 64.06%.
Derivatives data and price set up suggests, Nifty has to hold above 17950 for an up move towards 18100 and 18200 levels whereas on the downside support is seen at 17777 and 17650 zones.
Bank Nifty has to hold above 38100 zones to witness an up move towards 38500 and 38800 levels while on the downside major support is seen at 37700 and 37500 levels.
Thank you. Have a great trading day..!!
GS on Radico Khaitan
Buy, TP Rs 1144
Announced launch of Magic Moments Dazzle Vodka & Royal Ranthambore Heritage Collection Whisky, both priced @Rs1000-2000/750 ml) price-point, potentially filling up a couple of product gaps
Will allow co to further build on the brand goodwill
Buy, TP Rs 1144
Announced launch of Magic Moments Dazzle Vodka & Royal Ranthambore Heritage Collection Whisky, both priced @Rs1000-2000/750 ml) price-point, potentially filling up a couple of product gaps
Will allow co to further build on the brand goodwill
*Ashika Global Market Update*
SGX NIFTY: -112(17861) @7:30 am *Considering Monday’s closing of 17973
DOW: -250(-0.72%)
Nasdaq: -93(-0.64%)
DOW FUTURES: -142(-0.41%)
HANGSENG: -274(-1.08%)
SHANGHAI COMP: -20(-0.56%)
NIKKEI: -250(-0.88%)
GOLD COMEX(USD/toz): 1751.70(-0.23%)
SILVER COMEX (USD/toz): 22.54(-0.55%)
LME COPPER(USD/MT): 9543.00(+1.94%)
LME ZINC(USD/MT): 3230.00(+2.51%)
LME ALUMINIUM(USD/MT): 3064.00(+3.30%)
BRENT CRUDE(USD/bbl): 83.32(-0.39%)
WTI CRUDE OIL(USD/bbl): 80.24(-0.35%)
USDINR: 75.35(+0.49%)
DOLLAR INDEX: 94.43(+0.06%)
US 10YRS BOND YIELD: 1.62%
INDIA 10YRS BOND YIELD: 6.34%
FII: -1303
DII: -373
FII F&O: -1915
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 12705
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 78812
NSE ADVANCE/ DECLINE: 1120/965 (1.16)
Securities in Ban Period: BANKBARODA, BHEL, CANBK, IBULHSGFIN, IRCTC, NATIONALUM, PNB, SAIL, SUNTV
SGX NIFTY: -112(17861) @7:30 am *Considering Monday’s closing of 17973
DOW: -250(-0.72%)
Nasdaq: -93(-0.64%)
DOW FUTURES: -142(-0.41%)
HANGSENG: -274(-1.08%)
SHANGHAI COMP: -20(-0.56%)
NIKKEI: -250(-0.88%)
GOLD COMEX(USD/toz): 1751.70(-0.23%)
SILVER COMEX (USD/toz): 22.54(-0.55%)
LME COPPER(USD/MT): 9543.00(+1.94%)
LME ZINC(USD/MT): 3230.00(+2.51%)
LME ALUMINIUM(USD/MT): 3064.00(+3.30%)
BRENT CRUDE(USD/bbl): 83.32(-0.39%)
WTI CRUDE OIL(USD/bbl): 80.24(-0.35%)
USDINR: 75.35(+0.49%)
DOLLAR INDEX: 94.43(+0.06%)
US 10YRS BOND YIELD: 1.62%
INDIA 10YRS BOND YIELD: 6.34%
FII: -1303
DII: -373
FII F&O: -1915
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 12705
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 78812
NSE ADVANCE/ DECLINE: 1120/965 (1.16)
Securities in Ban Period: BANKBARODA, BHEL, CANBK, IBULHSGFIN, IRCTC, NATIONALUM, PNB, SAIL, SUNTV
Who’s Meeting Whom
🔹Tata Metaliks: To meet Monarch Networth Capital on October 12.
🔹Hinduja Global Solutions: To meet Buoyant Capital on October 12 and Karma Capital Advisors on October 13.
🔹Tata Metaliks: To meet Monarch Networth Capital on October 12.
🔹Hinduja Global Solutions: To meet Buoyant Capital on October 12 and Karma Capital Advisors on October 13.
Trading Tweaks
♨️Record Date Final Dividend: Asian Granito India
♨️Price Band Revised From 10% To 5%: Reliance Capital, Seamec, HLV, DCW, Cantabil Retail India
♨️Price Band Revised 20% To 5%: Arvind Smartspaces, Dish Tv India, Dynamatic Technologies, Easy Trip Planners, Nazara Technologies
♨️Record Date Final Dividend: Asian Granito India
♨️Price Band Revised From 10% To 5%: Reliance Capital, Seamec, HLV, DCW, Cantabil Retail India
♨️Price Band Revised 20% To 5%: Arvind Smartspaces, Dish Tv India, Dynamatic Technologies, Easy Trip Planners, Nazara Technologies
Pledge Share Details
💥Arvind Fashions: Promoter Aura Securities created a pledge of 13 lakh shares on October 7.
💥Max Healthcare Institute: Promoter Kayak Investments Holding Pte created a pledge of 25.11 crore shares on October 6.As reported on October 11.
💥Arvind Fashions: Promoter Aura Securities created a pledge of 13 lakh shares on October 7.
💥Max Healthcare Institute: Promoter Kayak Investments Holding Pte created a pledge of 25.11 crore shares on October 6.As reported on October 11.
🌟Good Morning All🌟
☀️ BSC Exclusive Morning Market News & Update☀️
💫Adani Green Energy: Total Operational Capacity nearly doubled to 5,410 MW on YoY basis. Sale of Energy up by 61% YoY at 1,901 million units in Q2 FY22 versus 1,182 million units in Q2 FY21.
💫Tata Motors: Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689 units, up 24% year-on-year. Global wholesales of commercial vehicles and Tata Daewoo range were at 89,055 units, up 57% YoY. Global wholesales of passenger vehicles were at 1,62,634 units, up 11% YoY. Global wholesales for Jaguar Land Rover were 78,251 units.
💫Ujjivan Small Finance Bank: Total deposits up 31% year-on-year at Rs 14,090 crore in Q2 FY22 compared to Rs 10,743 crore last year. CASA Ratio at 22% compared to 16% last year. Gross loan book up 4% at Rs 14,508 crore Vs Rs 13,890 crore.
💫PI Industries: The company has executed two joint venture agreements with Polymath Holdings, LLC for undertaking the business of manufacturing and selling the products for biochemistry processes and biochemical-enabled pharmaceutical intermediates.
💫Kaveri Seed Company: Closed buyback of equity shares on Monday. It has bought back 20.07 lakh shares, at an average price of Rs 597.50 per share, for an aggregate amount of Rs 119.94 crore.
💫TVS Group stocks: Competition Commission of India has approved internal restructuring of TVS Group.
💫HCL Technologies: The company has partnered with Google Cloud to launch healthcare and life sciences solutions for customers.
💫Welspun Enterprises: Appointed Sanjay Sultania as Chief Financial Officer of the company w.e.f. October 11.
💫Schaeffler India: Board of Directors will consider subdivision of equity shares on October 28.
💫Ugro Capital: Board to meet on October 14 to consider raising funds by way of issuance of non-convertible debentures through public issue.
💫Earnings: GM Breweries, JTL Infra
☀️ BSC Exclusive Morning Market News & Update☀️
💫Adani Green Energy: Total Operational Capacity nearly doubled to 5,410 MW on YoY basis. Sale of Energy up by 61% YoY at 1,901 million units in Q2 FY22 versus 1,182 million units in Q2 FY21.
💫Tata Motors: Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689 units, up 24% year-on-year. Global wholesales of commercial vehicles and Tata Daewoo range were at 89,055 units, up 57% YoY. Global wholesales of passenger vehicles were at 1,62,634 units, up 11% YoY. Global wholesales for Jaguar Land Rover were 78,251 units.
💫Ujjivan Small Finance Bank: Total deposits up 31% year-on-year at Rs 14,090 crore in Q2 FY22 compared to Rs 10,743 crore last year. CASA Ratio at 22% compared to 16% last year. Gross loan book up 4% at Rs 14,508 crore Vs Rs 13,890 crore.
💫PI Industries: The company has executed two joint venture agreements with Polymath Holdings, LLC for undertaking the business of manufacturing and selling the products for biochemistry processes and biochemical-enabled pharmaceutical intermediates.
💫Kaveri Seed Company: Closed buyback of equity shares on Monday. It has bought back 20.07 lakh shares, at an average price of Rs 597.50 per share, for an aggregate amount of Rs 119.94 crore.
💫TVS Group stocks: Competition Commission of India has approved internal restructuring of TVS Group.
💫HCL Technologies: The company has partnered with Google Cloud to launch healthcare and life sciences solutions for customers.
💫Welspun Enterprises: Appointed Sanjay Sultania as Chief Financial Officer of the company w.e.f. October 11.
💫Schaeffler India: Board of Directors will consider subdivision of equity shares on October 28.
💫Ugro Capital: Board to meet on October 14 to consider raising funds by way of issuance of non-convertible debentures through public issue.
💫Earnings: GM Breweries, JTL Infra
Vodafone Idea ; AdityaBirlaGrp chairman Kumar Mangalam Birla is considering infusing some of his own capital into #VodafoneIdea while the Vodafone Group may sell at least a part of its stake in #IndusTowers and channel the proceeds into the telco.
CITI on NMDC
Upgrade to Buy, Target Price Rs 190
Trades 3.5x 1-yr fwd EV/EBITDA on consensus
Believe most pain is behind as domestic steel prices are now on rise, global iron ore prices are close to bottom, & full impact of higher royalty (renewal premium) should start reflecting from 2Q
Upgrade to Buy, Target Price Rs 190
Trades 3.5x 1-yr fwd EV/EBITDA on consensus
Believe most pain is behind as domestic steel prices are now on rise, global iron ore prices are close to bottom, & full impact of higher royalty (renewal premium) should start reflecting from 2Q
Market Wizard
ADDED BCG AT 28.65
BCG 86.25❤️❤️❤️
UC LOCKED🔐🔐
NEW 52 WEEK HIGH
1309.31% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
UC LOCKED🔐🔐
NEW 52 WEEK HIGH
1309.31% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)