Friday, 15 June 2018

Trade setup for Friday - 15th June,2018

A day started Against the wish with flat opening and giving all chances to long holder to close their positions, certainly reflecting how smartly operators were played today with technicals knowledge of retail, i feed retail is the segment which is loosing regularly from institutions and algo traders, Any way Nifty has given berrish opening and after consolidation below yesterday close 10834 made bottom support at 10770 and gets closed at 10813 at future level with bearish candle. Nifty has immediate resistance at 10835/10855 before reacting with 10881 with support of 10800 and 10770! Banknifty is weak below 26647 and closing below creating further pressure on banking stocks with immediate support at 26590 and 26461 at future levels. FIIs sold shares worth Rs 1,372.84 crore, while domestic institutional investors bought shares worth Rs 576.19 crore as per data disclosed by national stock exchange. Balrampur Chini, DHFL, Jet Airways and Just Dial are present in the F&O ban list for 15th june. Call options data In terms of open interest, the 11,000 Call Option has seen the most call writing so far, with 41.42 lakh contracts being written. This level could act as a crucial resistance for the index in the June series. The second-highest buildup was seen in the 10,900 call option, which has seen 35.69 lakh contracts getting written so far. The 10,800 call option has accumulated 31.32 lakh contracts. Call writing was seen at the strike price of 10,900, which added 5.51 lakh contracts, followed by 10,800, which added 3.7 lakh contracts, and 11,000, which added 2.89 lakh contracts. The most call unwinding was seen at the strike price of 10,600, which saw 1.19 lakh contracts getting shed, followed by 11,300, which shed over 50,000 contracts. Put options data Maximum open interest in put options was seen at the 10,700 strike price, in which 49.55 lakh contracts have been added till date. This level could be a crucial support for the index in the June series. The 10,600 put option comes next, with 43.34 lakh contracts being added so far, followed by the 10,500 put option, which has now accumulated 36.07 lakh contracts. There was hardly any put writing seen. Put unwinding was seen at the strike price of 10,600, which shed 5.43 lakh contracts, followed by 10,200, which shed 4.03 lakh contracts and 10,800, which shed 3.27 lakh contracts. Stocks in the news: Thomas Cook: The firm has granted options under the ESOP scheme 2018. Punj Lloyd: The firm said that ICICI Bank has filed application before NCL under IBC code. Blue Star: Company eyes 10 percent market share in water purifier business Maruti Suzuki: Company stops production of diesel version of Ignis Lupin: Company gets USFDA approval for generic contraceptive drug