Showing posts with label call and put data study. Show all posts
Showing posts with label call and put data study. Show all posts

Sunday, 27 May 2018

Market review and trade set up for Monday, May 28th 2018!

Market closed on Friday with bullish confirmation after continuously two days short covering, bull has taken a control after  initial gap up filling and taken market to 10628 before closing at 10605!

The Nifty is now trading above its crucial short-term moving averages and  intraday low of 10,524 will be of big importance in the coming week, A break below this level could again put further pressure on the index amid expiry week volatility.
On upside next nifty target is place at 10733 and crucial support at 10580 and 10524 but bulls will able to take control only above 10929 to confirm the bottom 10417 as  bottom of current correction.
is seen at immediate strike prices which give room for further upside.

VIX fell down up by 4.46 percent at 12.55 levels. On the options, the highest Put OI is intact at 10,500 followed by 10,400 strikes while the highest Call OI is placed at 10,800 followed by 11,000 strikes.
Highest Put writing is placed at 10,600 and 10,500 strikes which could act as a strong support while Call unwinding is seen at immediate strike prices which give room for further surge on the index.

Nifty Bank

The Nifty Bank index closed at 26,273 and next tgt placed at 26390 and 26600 with stop-loss 26090 and 25910 on daily bases.


Max call open interest seen at 10800 followed by 11000 and 10700 strike prize.
Call writing was seen at the strike price of 10,800 and 10900  which added 3.52 lakh and 1.6 lakh contracts.
Call unwinding was seen at the strike price of 10,500, which shed 16.03 lakh contracts; followed by 10,700 strike, which shed 11.62 lakh contracts and 10,400 strike, which shed 4.7 lakh contracts.


Max Put open interest seen at 10500 followed by 10000 and 10400 strike prize.
Put writing was seen at the strike price of 10,600, which added 17.73 lakh contracts, followed by 10,500, which added 12.12 lakh contracts and 10,000, which added over 1 lakh contracts.Put unwinding was seen at the strike price of 10,400, which shed 5.97 lakh contracts

Stocks such as BEML, DHFL, IDBI, Jet Airways, Jain Irrigation, Just Dial, and Reliance communications are in F&O ban list.

Stocks in news:

  • United Breweries: The firm launched AMSTEL Beer in its super premium strong beer category.
  • IDBI Bank: The Board has initiated divestment of partial stake in IDBI AMC to a strategic investor.
  • Jindal Saw: Neeraj Kumar reappointed as Group CEO and Wholetime Director of the company.
  • Tech Mahindra reports Q4 profit, beats estimates at Rs 1,222 crore.
  • Sun Pharma Q4 profit up 7% YoY at Rs 1,309 crore, beats estimates
  • Lakshmi Vilas Bank: Net Loss At Rs 622.2 crore against profit of Rs 52.2 crore YoY.
  • Sun Pharma: Unit Promuis Pharma Filed Lawsuit For Patent Infringement In US Court
  • Bank of Baroda: Q4 net loss at Rs 3,102 crore on jump in bad loan provisions

Stock need to be Focus on Monday 

  • Power Grid
  • Piddilite
  • Hindalco
  • Tvs motor
  • Castrolind 
  • Jain Irrigation
As observed by emmkay_ra

Friday, 18 May 2018

Market Outlook And Trade Set Up for Friday Market

After four day continuously trading in a narrow range, Nifty50 registered Gapup

Opening and given initial push on higher side but given up the handover to bears, which contentiously maintained the selling pressure through out day and in last hour of trade, drag index to 10670 level from days high of 10777 but able to close above its support at 10680 level. 
Today continuously fifth day, Nifty has given a closing with bearish note and today got support by sell signal given by MACD which may need confirmation for further selling.
Nifty has strong support at 10600/10540, which nifty can try to test if break its support at 10670.
we are holding our long position till nifty holding 10550 level and using this level to create further position on selective scripts. Bear are active below 10750 level and closing above level is must for the reversal of  this trend.

BankNifty  also shown continuous weakness after opening and given weekly closing at 26070!  

which is above its crucial support of 26000, Bank nifty seems to be having more pain if remain below 26260-270 and may look for target of 25960 and 25850.

Call Put Data Study

In terms of open interest (OI), the 11,000 Call option has seen the most call writing so far and followed by 10800 and 10900 with highest open interest. Call writing was seen at the strike price of 10,700, which added 9 lakh contracts; followed by 10,800 which added 6 lakh contracts.Call unwinding seen at 11000 and 10500 level

Maximum open interest in put options was seen at a strike price of 10,500 following by 10700 and 10600 by holding 47 and 43 lakh contracts in OI.
Maximum Put writing seen at 10300 followed by 10400 and 10600 which added 2.6, 1.7 and 1.5 lakh contract in open interest respectively. 

FII & DII data

Foreign institutional investors (FIIs) sold shares worth Rs 830.94 crore, while domestic institutional investors bought shares worth Rs 428.92 crore in the Indian equity market on Thursday!
Stocks in focus
Coffee Day Q4: Profit up 95 percent at Rs 25.2 crore versus Rs 12.9 crore; revenue up 26 percent at Rs 1,297 crore versus Rs 1,029 crore (YoY)Voltas Q4: Profit down 3.1 percent at Rs 194.2 cr    versus Rs 200.5 crore; revenue down 0.5 percent at Rs 2,048.4 crore versus Rs 2,058.3 crore (YoY)
Bajaj Finserv Q4: Consolidated profit up 28 percent at Rs 685 crore versus Rs 535 crore; revenue up 25 percent at Rs 8,829 crore versus Rs 7,040 crore (YoY)
Reliance Jio: Exclusively partners with Screenz to create a digital engagement platform
For May 18, 2018 stocks as DHFL, Jet Airways, Jaiprakash Associates, Just Dial, PC Jeweller and Wockhardt are in the F&O ban list.
Happy Trading !
As observe : Emmkay_RA