Nifty Option Chain Analysis- 10APR2024
CMP: 22700 (1:05PM)
📌 After the initial surge in trading activity beyond the 22700 mark, indications of fatigue are beginning to surface, as evidenced by the recent OI numbers over the past 1Hr
📌 Since, 11:00AM, PCR has slipped from 1.51 to current 1.27
📌 Total OI : CALL @ 22Lk (5Lk) Vs PUTs @ 27.7Lk (+4.6Lk)
📌 Activity in Active-Strikes (ATM/OTM) with meaningful OI:
CE b/w 22700-22900 @ 3.2Lk ; PE b/w 22750-22700 @ +1.6Lk
📌 Money-flow Activity: Short-Buildup in CALLs seen to the tune of Rs.29Cr along with Rs.16Cr Short-Cover in PUTs
📌 Intraday Technical Sup/Res: 22570/22750
📌 Overall, OI numbers are mild _Ve at present. However, we remain watchful of any Technical trigger & a trading opportunity in either directions
CMP: 22700 (1:05PM)
📌 After the initial surge in trading activity beyond the 22700 mark, indications of fatigue are beginning to surface, as evidenced by the recent OI numbers over the past 1Hr
📌 Since, 11:00AM, PCR has slipped from 1.51 to current 1.27
📌 Total OI : CALL @ 22Lk (5Lk) Vs PUTs @ 27.7Lk (+4.6Lk)
📌 Activity in Active-Strikes (ATM/OTM) with meaningful OI:
CE b/w 22700-22900 @ 3.2Lk ; PE b/w 22750-22700 @ +1.6Lk
📌 Money-flow Activity: Short-Buildup in CALLs seen to the tune of Rs.29Cr along with Rs.16Cr Short-Cover in PUTs
📌 Intraday Technical Sup/Res: 22570/22750
📌 Overall, OI numbers are mild _Ve at present. However, we remain watchful of any Technical trigger & a trading opportunity in either directions
Sensex hits 75k! 🎉
Tomorrow's Double expiry special! ✨
Our latest video covers in-depth Nifty and BankNifty analysis and get prepped.
And 2 FNO stocks on our radar.
#StocksToWatch
Do Like,Share and Subscribe our Channel 👍🔔
Tomorrow's Double expiry special! ✨
Our latest video covers in-depth Nifty and BankNifty analysis and get prepped.
And 2 FNO stocks on our radar.
#StocksToWatch
Do Like,Share and Subscribe our Channel 👍🔔
Aaj pe Nazar (10-April-2024)
Following a gap-up opening, the Nifty experienced range-bound trading between 22675 and 22770 in the first half of the trading session. However, as the day unfolded, selling pressure intensified, causing the Nifty to slip below the 22650 mark, ultimately settling with a modest loss of 0.10 percent.
The Nifty Midcap 100 index exhibited weaker performance relative to the Nifty 50, closing in the negative territory with a loss of 0.29 percent.
Among a range of sectors, Metals and Realty stood out as top performers, exhibiting strength. Conversely, PSU Banks 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, 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 22560 and 22775. The Max Pain is seen at 22650 spot with the CE/PE Combined Residual Premium/Pain Value of 291.59 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net selling with an activity totaling 593.20 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 2257.18 crore.
Following a gap-up opening, the Nifty experienced range-bound trading between 22675 and 22770 in the first half of the trading session. However, as the day unfolded, selling pressure intensified, causing the Nifty to slip below the 22650 mark, ultimately settling with a modest loss of 0.10 percent.
The Nifty Midcap 100 index exhibited weaker performance relative to the Nifty 50, closing in the negative territory with a loss of 0.29 percent.
Among a range of sectors, Metals and Realty stood out as top performers, exhibiting strength. Conversely, PSU Banks 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, 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 22560 and 22775. The Max Pain is seen at 22650 spot with the CE/PE Combined Residual Premium/Pain Value of 291.59 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net selling with an activity totaling 593.20 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 2257.18 crore.
STOCKS KA GYAN 💬
🔸 Lupin Limited
Lupin announced the launch of first generic version of Oracea® (Doxycycline Capsules, 40 mg), in the United States, after having received an approval from the United States Food and Drug Administration (U.S. FDA).
🔸 Shyam Metallics
The company and Energy Ltd Announces Expansion into Stainless Steel Flat Products
🔸 Paisalo Digital
The company’s AUM grew by 32% YoY to Rs 4,622 crore in the foruth quarter, while disbursements jumped 38% to Rs 3,588 crore
🔸 Avenue Supermarts
The company opened a new store in Bengaluru. The total number of stores as on date stands at 366
🔸 ICICI Prudential
The company received GST order worth of Rs 20.5 crore from Gujarat tax authorities for FY19.
🔸 Exide Industries
The company to acquired 26% stake in Clean Max Arcadia for Rs 5.3 crore.
🔸 Indusind Bank
IndusInd International Holdings Ltd. (IIHL), a Mauritius-based investment firm led by the Hinduja brothers, said on Tuesday it has entered into an asset management joint venture with Atlanta-based fund management group Invesco Ltd
🔸 Lupin Limited
Lupin announced the launch of first generic version of Oracea® (Doxycycline Capsules, 40 mg), in the United States, after having received an approval from the United States Food and Drug Administration (U.S. FDA).
🔸 Shyam Metallics
The company and Energy Ltd Announces Expansion into Stainless Steel Flat Products
🔸 Paisalo Digital
The company’s AUM grew by 32% YoY to Rs 4,622 crore in the foruth quarter, while disbursements jumped 38% to Rs 3,588 crore
🔸 Avenue Supermarts
The company opened a new store in Bengaluru. The total number of stores as on date stands at 366
🔸 ICICI Prudential
The company received GST order worth of Rs 20.5 crore from Gujarat tax authorities for FY19.
🔸 Exide Industries
The company to acquired 26% stake in Clean Max Arcadia for Rs 5.3 crore.
🔸 Indusind Bank
IndusInd International Holdings Ltd. (IIHL), a Mauritius-based investment firm led by the Hinduja brothers, said on Tuesday it has entered into an asset management joint venture with Atlanta-based fund management group Invesco Ltd
Opening Bell:
Nifty: 22,702.45 (+0.26%)
Sensex: 74,882.82(+0.27%)
Banknifty: 48,746.45 (+0.03%)
Top Gainer: Hindalco , 595.65 (+1.20%)
Top Loser: Divislab , 3,753.00 (-1.37%)
Nifty: 22,702.45 (+0.26%)
Sensex: 74,882.82(+0.27%)
Banknifty: 48,746.45 (+0.03%)
Top Gainer: Hindalco , 595.65 (+1.20%)
Top Loser: Divislab , 3,753.00 (-1.37%)
Market Closing:
BSE Sensex: 75,038 (0.5%) 🟢
Nifty50: 22,754 (0.5%)🟢
BSE Midcap: 41,111 (0.9%) 🟢
BSE Smallcap: 46,148 (0.5%)🟢
Top 5 Sensex Gainers:
ITC - 2.5%
Kotak Mahindra Bank - 2.4%
Bharti Airtel - 2.1%
State Bank Of India - 1.9%
Asian Paints - 1.4%
Top 5 Sensex Losers:
Maruti Suzuki India - 1.6%
HDFC Bank - 0.8%
Larsen & Toubro - 0.8%
Mahindra & Mahindra - 0.6%
Tata Steel - 0.5%
BSE Sensex: 75,038 (0.5%) 🟢
Nifty50: 22,754 (0.5%)🟢
BSE Midcap: 41,111 (0.9%) 🟢
BSE Smallcap: 46,148 (0.5%)🟢
Top 5 Sensex Gainers:
ITC - 2.5%
Kotak Mahindra Bank - 2.4%
Bharti Airtel - 2.1%
State Bank Of India - 1.9%
Asian Paints - 1.4%
Top 5 Sensex Losers:
Maruti Suzuki India - 1.6%
HDFC Bank - 0.8%
Larsen & Toubro - 0.8%
Mahindra & Mahindra - 0.6%
Tata Steel - 0.5%
Kal ka Gyan 💬 (12-April-2024)
Following a gap-up opening, the Nifty fluctuated within a narrow range of 22675-22730 during the initial half of the trading session. Subsequently, increased buying interest in specific index heavyweights propelled the Nifty above 22750. Eventually, the index closed in the positive territory, registering a gain of 0.49 percent.
The Nifty Midcap 100 index demonstrated superior performance in comparison to the Nifty 50, settling positively with a gain of 0.97 percent.
Among a range of sectors, Media and PSU Banks stood out as top performers, exhibiting strength. Conversely, Pharma and Auto 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 23200 level, while on the put side, its at 22700. Looking at today's option chain, we observe a greater amount of put writing activity compared to call writing, signaling a bullish sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22585 and 22910. The Max Pain is seen at 22700 spot with the CE/PE Combined Residual Premium/Pain Value of 139.41 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buying with an activity totaling 2778.17 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 163.36 crore.
Following a gap-up opening, the Nifty fluctuated within a narrow range of 22675-22730 during the initial half of the trading session. Subsequently, increased buying interest in specific index heavyweights propelled the Nifty above 22750. Eventually, the index closed in the positive territory, registering a gain of 0.49 percent.
The Nifty Midcap 100 index demonstrated superior performance in comparison to the Nifty 50, settling positively with a gain of 0.97 percent.
Among a range of sectors, Media and PSU Banks stood out as top performers, exhibiting strength. Conversely, Pharma and Auto 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 23200 level, while on the put side, its at 22700. Looking at today's option chain, we observe a greater amount of put writing activity compared to call writing, signaling a bullish sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22585 and 22910. The Max Pain is seen at 22700 spot with the CE/PE Combined Residual Premium/Pain Value of 139.41 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buying with an activity totaling 2778.17 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 163.36 crore.
Opening Bell:
Nifty: 22,707.45 (-0.21%)
Sensex: 74,906.82(-0.17%)
Banknifty: 48,835.45 (-0.29%)
Top Gainer: Metropolis , 1,917 (+6.40%)
Top Loser: Policybzr , 1,280 (-4%)
Nifty: 22,707.45 (-0.21%)
Sensex: 74,906.82(-0.17%)
Banknifty: 48,835.45 (-0.29%)
Top Gainer: Metropolis , 1,917 (+6.40%)
Top Loser: Policybzr , 1,280 (-4%)
3️⃣Things That Will Decide The Market Today 📈
🔴 GIFT NIFTY traded 38 points lower at 22,676 signalling that the Indian stock market is headed for a negative start today.
🔴 U.S. stocks jumped up on Thursday, mainly because of strong tech companies and hopes that inflation is cooling. The Nasdaq rose significantly and ended at 1.68%, especially helped by megacaps, sensitive to interest rates. The S&P 500 also went up and ended at 0.74%, but the Dow ended essentially unchanged.
🔴 The volatility index India VIX plunged down by 2.18% to the levels of 11.11 indicating depleting volatility in the market.
Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)
1) PNB Housing - Target - 1000 (30%)
2) Kolte Patil - Target - 700 (27%)
3) Godrej Consumer - Target - 1500 (22%)
4) ICICI Lombard - Target - 2000 (19%)
5) Kirloskar Oil - Target- 1020 (14%)
Technical Pick (for 2-3 days)
PNB
Previous Close - 136
Target - 145
Potential Upside - 7%
🔴 GIFT NIFTY traded 38 points lower at 22,676 signalling that the Indian stock market is headed for a negative start today.
🔴 U.S. stocks jumped up on Thursday, mainly because of strong tech companies and hopes that inflation is cooling. The Nasdaq rose significantly and ended at 1.68%, especially helped by megacaps, sensitive to interest rates. The S&P 500 also went up and ended at 0.74%, but the Dow ended essentially unchanged.
🔴 The volatility index India VIX plunged down by 2.18% to the levels of 11.11 indicating depleting volatility in the market.
Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)
1) PNB Housing - Target - 1000 (30%)
2) Kolte Patil - Target - 700 (27%)
3) Godrej Consumer - Target - 1500 (22%)
4) ICICI Lombard - Target - 2000 (19%)
5) Kirloskar Oil - Target- 1020 (14%)
Technical Pick (for 2-3 days)
PNB
Previous Close - 136
Target - 145
Potential Upside - 7%
Market Update:
Nifty: 22,570 (-183 points)
Sensex: 74,416 (- 621 points)
European Markets:
FTSE: 8,005.65 (+1.02%)
CAC: 8,106.77 (+1.03%)
DAX: 18,144.78 (+1.08%)
Nifty: 22,570 (-183 points)
Sensex: 74,416 (- 621 points)
European Markets:
FTSE: 8,005.65 (+1.02%)
CAC: 8,106.77 (+1.03%)
DAX: 18,144.78 (+1.08%)
SOURCES CLOSE TO THE IRGC HAVE REPORTED THAT IRANIAN AUTHORITIES HAVE NOT YET DECIDED WHETHER TO ATTACK ISRAEL, DESPITE PREVIOUSLY PROMISING TO DO SO
BREAKING: IDF spokesperson confirms that a swarm of drones were launched from Iran towards Israel, which will take a few hours to arrive.
Israel with USA and other allies are prepared to intercept them. IDF asking civilians to remain near bomb shelters. GPS disabled in Israel.
Israel with USA and other allies are prepared to intercept them. IDF asking civilians to remain near bomb shelters. GPS disabled in Israel.
STOCKS KA GYAN 💬
◆ Power Grid Corp.: The company will consider raising up to Rs 12,000 crore via NCDs on a private placement basis in a board meeting on April 17.
◆ Patanjali Foods: The company said segmental volume in Q4 experienced mid-single-digit growth (YoY) and revenue from the edible oil segment in Q4 showed modest single-digit growth compared to the previous quarter.
◆ Reliance Power: The company has transferred its 45 MW wind power project located in Maharashtra to JSW Renewable Energy for a consideration of Rs 132.39 crore.
◆ Ami Organics: The company approved the raising of funds up to Rs 500 crore through QIP.
◆ Engineers India: The company signed an MoU with Detect Technologies for Al-based monitoring of construction sites.
◆ ISMT: The company received two orders worth Rs 343.7 crore from ONDC for the supply of casing pipes.
◆ Zuari Industries: NCLT gave the nod to merge Zuari Sugar and Power with the company.
◆ Bharti Hexacom: Sanjeev Kumar and Surajit Mandol resigned from the board effective today.
◆ Granules: U.S. FDA inspected at Andhra Pradesh facility between April 8-12 and ended with zero observations.
◆ Rail Vikas Nigam: The company received a letter of acceptance for works in connection with new line project of Araria - Galgalia of N.F. Railway. The project cost is Rs 95 crore.
◆ Zaggle Prepaid: The company signed an agreement with Eversub India to provide employee expense & benefits management platform Zaggle Save.
◆ Power Grid Corp.: The company will consider raising up to Rs 12,000 crore via NCDs on a private placement basis in a board meeting on April 17.
◆ Patanjali Foods: The company said segmental volume in Q4 experienced mid-single-digit growth (YoY) and revenue from the edible oil segment in Q4 showed modest single-digit growth compared to the previous quarter.
◆ Reliance Power: The company has transferred its 45 MW wind power project located in Maharashtra to JSW Renewable Energy for a consideration of Rs 132.39 crore.
◆ Ami Organics: The company approved the raising of funds up to Rs 500 crore through QIP.
◆ Engineers India: The company signed an MoU with Detect Technologies for Al-based monitoring of construction sites.
◆ ISMT: The company received two orders worth Rs 343.7 crore from ONDC for the supply of casing pipes.
◆ Zuari Industries: NCLT gave the nod to merge Zuari Sugar and Power with the company.
◆ Bharti Hexacom: Sanjeev Kumar and Surajit Mandol resigned from the board effective today.
◆ Granules: U.S. FDA inspected at Andhra Pradesh facility between April 8-12 and ended with zero observations.
◆ Rail Vikas Nigam: The company received a letter of acceptance for works in connection with new line project of Araria - Galgalia of N.F. Railway. The project cost is Rs 95 crore.
◆ Zaggle Prepaid: The company signed an agreement with Eversub India to provide employee expense & benefits management platform Zaggle Save.
Nifty Option Chain Analysis (18APR2024)
CMP: 22385 (12:35PM)
📌 After Nifty opened significantly lower, it has steadily recovered over the past 2Hrs, inching up from 22260 towards the 22400 mark.
This indicates a semblance of stability amidst the initial volatility.
📌 Total OI : CALL @ 22.8Lk (+4Lk) Vs PUTs @ 19.8Lk (+6.6Lk); PCR @0.87
In Active-Strikes, the OI changes (marked in Grey) are inkling a mild +Ve picture with OI Ch @ +3.3Lk Calls Vs +3.9Lk Puts
📌 Money-flow Activity: No significant Buildups/Unwinds observed since 11:30AM
📌 Intraday Technical Sup/Res: 22250/22520
📌 Overall, OI data suggest a balanced stance
However, we remain vigilant for any shifts in numbers that could signal trading opportunities in either direction
CMP: 22385 (12:35PM)
📌 After Nifty opened significantly lower, it has steadily recovered over the past 2Hrs, inching up from 22260 towards the 22400 mark.
This indicates a semblance of stability amidst the initial volatility.
📌 Total OI : CALL @ 22.8Lk (+4Lk) Vs PUTs @ 19.8Lk (+6.6Lk); PCR @0.87
In Active-Strikes, the OI changes (marked in Grey) are inkling a mild +Ve picture with OI Ch @ +3.3Lk Calls Vs +3.9Lk Puts
📌 Money-flow Activity: No significant Buildups/Unwinds observed since 11:30AM
📌 Intraday Technical Sup/Res: 22250/22520
📌 Overall, OI data suggest a balanced stance
However, we remain vigilant for any shifts in numbers that could signal trading opportunities in either direction