Tuesday, 5 June 2018

TRADE SETUP FOR WEDNESDAY



NIFTY given a flat opening following global clues near 10630 and sharply broken down to 10589 and 10565 with continuous short and sell off in the system though it has taken sharp recovery in way of shot covering and seem will continue tomorrow before the RBI policy in second half.

Though the fact market is having shot in the system but see resistance at 10650 and 10675 and support above 10550 and 10535 level near 10 and 50 DMA, which suggest one must trade cautiously and avoid large position. As per market opinion 25 bpsalready discounted in sensex any positive remark or postponement can create positive wave in the market and any surprise on hike create further sell off, suggest high volatility in second half and suggest to be cautious before that.

open-interest


  India VIX fell 4.03 percent to 13.32. On the options front, maximum put open interest was seen at the 10,200 strike price, followed by the 10,600 strike price, while maximum call open interest was seen at the 11,000 strike price, followed by the 10,700 strike price.

FII and DII data

Foreign institutional investors (FIIs) sold shares worth Rs 157.51 crore, while domestic institutional investors bought shares worth Rs 474.33 crore in the Indian equity market.
year as per experts opinion and its certainly good sign of our market.

Option Summary

In terms of open interest, the 11,000 Call option has seen the most call writing so far at 45.69 lakh contracts.The second-highest buildup has taken place in the 10,700 call option, which has seen 33.70 lakh contracts getting written so far. The 10,800  call option has accumulated 31.80 lakh. The Max call writing was seen at the strike price of 11,000, which saw 5.96 lakh contracts getting written, followed by 10,800, which added 4.46 lakh contracts, and 10,900, which added 3.11 lakh contracts.

Maximum open interest in put options was seen at a strike price of 10,200, in which 34.30 lakh contracts have been added till date.The 10,500 put option comes next, having added 29.57 lakh contracts. Maximum put writing was seen at the strike prices of 10,100, which added 2.06 lakh contracts, followed by 10,000, which added 1.68 lakh contracts, and 10,400, which added 1.67 lakh contracts.

Put unwinding was seen most at the strike price of 10,700, which shed 1.61 lakh contracts, followed by the 10,300 strike price


For June 6, DHFL is the only stock on the F&O ban list.

Bulk deals:

Bombay Dyeing: Jitendra Navlani bought 12 lakh shares of the firm at Rs 220.20 apiece.

Electrosteel Steels: Anurag Choudhary bought 2.15 crore shares at the rate of Rs 1.27 apiece.

Justdial: Shaastra Securities traded 7.92 lakh shares at Rs 528 apiece.

PC Jeweller: Vaibhav Stock & Derivatives Broking traded 37.64 lakh shares at Rs 130.5 apiece.

Reliance Communications: Shaastra Securities exchanged over 1.7 crore shares at Rs 14.8 apiece.