Options traders & Stock Expert

20/10/2024

11/09/2024

Waiting helps you as an investor and a lot of people just can't stand to wait. ...

11/09/2024

*Pre-Market Derivatives and Technical Set-up*

🔎 *Nifty*
Index opened positive near 25000 marks and after a slight slip in the first tick, it took support near 24900 zones and recovered by 230 points from there. Buying was seen most of the day and it closed with gains of around 100 points. It formed a small bodied bullish candle on daily frame with long shadows indicating swings but negated its lower highs formation of the last two sessions

📊Now it has to hold above 25000 zones for an up move towards 25200 then 25300 zones whereas supports are placed at 24900 then 24800 zones

🎢 India VIX was down by 6.18% from 14.24 to 13.36 levels. Volatility has been cooling off from the last two sessions and paved way for buying at lower levels

🧮 On option front, Maximum Call OI is at 26000 then 25100 strike while Maximum Put OI is at 25000 then 24600 strike. Call writing is seen at 25100 then 25050 strike while Put writing is seen at 25000 then 24600 strike. Option data suggests a broader trading range in between 24600 to 25600 zones while an immediate range between 24900 to 25300 levels

🔎 *Bank Nifty*
Index opened on a positive note but failed to hold at higher zones and drifted lower towards 51000 levels in the initial hour of the session. However gradual recovery was seen from lower zones and the Index extended towards 51350 zones in the latter part of the day. It formed a small bodied candle on daily scale with long lower shadow as buying is visible at lower zones and ended with gains of around 150 points near 51250 zones

📊Now it has to continue to hold above 51000 zones for a bounce towards 51500 then 51750 zones while on the downside support is seen at 51000 then 50850 levels

🔎 *Fin Nifty*
Index opened on a positive note but it failed to sustain at higher levels as it drifted towards 23550 zones. However from the low it witnessed some bounce which took the index towards 23700 zone. It formed a bearish candle on the daily scale but continues to hold the 20 DEMA, as momentum is missing at higher levels but support base buying continues

📊Now it has to continue to hold above 23550 zones for a bounce towards 23850 then 23950 levels while support is seen at 23550 then 23450 zones

*Stocks*
🚀 Bullish setup in Tata Power, Coforge, Divislab, Indhotel, Tatacomm, Jublfood, Syngene, Lauras Labs, India Mart, UPL, Bhartiartl, Persistent, Hcltech, Havells, PI Ind, Bajaj Auto, Tataconsum, IEX and Voltas

🐻 Bearish setup in Can Fin Homes, PFC, Rec Ltd, ONGC, Concor and Petronet

*Technical & Derivatives Research, Motilal Oswal*

_*Disclaimer* - Investments in securities markets are subject to market risks.

10/06/2024

*Pre-Market Derivatives and Technical Set-up*

🔎 *Nifty*
Index opened flattish and witnessed complete control of the bulls right from the initial tick. It showed massive buying and went on to touch 23320 zones merely a few points away from its life highs. It formed a strong Bullish candle on daily frame and recovered all its losses of earlier this week and closed with intraday gains of around 470 points. It formed a small bodied candle on weekly frame with long lower shadow indicating super strong support based buying

📊 Now it has to hold above 23200 zones for an upside move towards 23500 then 23700 zones whereas supports are placed at 23100 then 23000 zones

🎢 India VIX was slightly up by 0.48% from 16.55 to 16.88 levels. Volatility crashed during the second half of the week after the event euphoria and settled at lower zones which comforted the bulls

🧮 On option front, Weekly Maximum Call OI is at 24000 then 23500 strike while Maximum Put OI is at 23000 then 22800 strike. Call writing is seen at 23700 then 23500 strike while Put writing is seen at 23000 then 23200 strike. Option data suggests a broader trading range in between 22500 to 23700 zones while an immediate range between 23000 to 23500 levels

🔎 *Bank Nifty*
Index opened on a flattish note but managed to hold 49000 zones and gradually extended the momentum towards 49950 zones in the latter part of the day. It formed a Bullish candle on daily scale and ended with decent gains of around 510 points. Index is forming higher lows from the last three sessions and holding well above its short term moving averages. On weekly scale it formed a small Bearish candle with long lower shadow as buying is visible at lower zones

📊Now it has to continue to hold above 49500 zones for an up move towards 50000 then 50500 zones while on the downside support shift higher at 49500 then 49250 levels

🔎 *Fin Nifty*
Index opened positive and witnessed bullish momentum throughout the trading session. It formed a Bullish candle on the daily scale and continued with its higher highs sequence and closed above its crucial 20 & 50 DEMA. On the weekly scale it has formed a small Bearish candle with longer lower shadow which is indicating that buying is visible at lower levels

📊Now till it holds above 21800 zones momentum can be seen towards 22350 then 22550 zones while on the downside support is seen at 21800 then 21500 zones

*Stocks*
🚀 Bullish setup in Idea, M&M, Techm, Infy, Bhartiartl, Tatasteel, Ultracemco, Balkrisind, OFSS, Marico, Motherson, Dabur, Granules, Dixon, Trent, UBL, Indigo and Maruti

🐻 Bearish setup in SBI Life, Jublfood and IOC

*Technical & Derivatives Research, Motilal Oswal*

_*Disclaimer* - Investments in securities markets are subject to market risks.

06/06/2024

*Pre-Market Derivatives and Technical Set-up*

🔎 *Nifty*
Index opened positive above 22100 zones and witnessed recovery right from the start of the session. Bulls were seen supporting the index near 21800 zones and it went on to cross 22650 levels. Flicks were larger than usual and it closed with massive gains of around 740 points. It formed a big Bullish candle on daily frame with longer lower shadow

📊 Now it has to hold above 22500 zones for an upside move towards 22850 then 23000 zones whereas supports are placed at 22350 then 22222 zones

🎢 India VIX crashed by 29.28% from 26.75 to 18.89 levels. Volatility cooled off and comforted the bulls for a smart recovery in the market

🧮 On option front, Weekly Maximum Call OI is at 23000 then 23200 strike while Maximum Put OI is at 22500 then 22200 strike. Call writing is seen at 23000 then 22700 strike while minor Put writing is seen at 22400 then 22200 strike. Option data suggests a broader trading range in between 21500 to 23200 zones while an immediate range between 22200 to 22900 levels

🔎 *Bank Nifty*
Index opened gap up but failed to hold at higher zones and drifted lower towards 46446 marks in the initial hour of the session. Later it recovered sharply from lower levels and gradually extended the momentum towards 49350 zones in the latter part of the day. It formed a Bullish candle on daily scale and ended with decent gains of around 2130 points. Index has seen huge swings of almost 4000 points in the last few sessions and volatility is likely to continue

📊Now it has to continue to hold above 48500 zones for a bounce towards 49500 then 50000 zones while on the downside support is seen at 48500 then 48250 levels

🔎 *Fin Nifty*
Index opened gap up; witnessed buying interest right from the initial ticks and gained by almost 1000 points throughout the day. It has perfectly respected its 200 DEMA and inched higher. It formed a Bullish candle on daily scale and closed the session on a higher note

📊Now it has to hold above 21300 zones, to extend the momentum towards 22100 then 22475 zones while on the downside support is seen at 21300 then 21000 levels

*Stocks*
🚀 Bullish setup in ABFRL, Trent, Exideind, Mcdowell, Indhotel, Hindalco, Federal Bank, Dixon, Voltas, M&M, Heromotoco, Motherson, Indigo, Bata India, Page Ind, Crompton, TVS Motor, Jublfood, Sun TV, UBL, Godrejcp, Auropharma, Colpal, Bajaj Auto, Divislab, Hindunilvr, Dabur and Marico

05/06/2024

*Pre-Market Derivatives and Technical Set-up*

🔎 *Nifty*
Index started on a negative note and slipped by around 1900 points during the day amidst the volatile scenario of 2024 Lok Sabha election results. It witnessed some recovery towards the second half of the session but witnessed huge swings within a matter of flicks. It formed a big Bearish candle on daily frame with longer lower shadow and closed with massive losses of around 1380 points

📊 Now till it holds below 22222, it may witness some more profit booking decline towards 21600 then 21300 zones while on the upside hurdles are seen at 22222 and 22500 zones

🎢 India VIX spiked up by 27.75% from 20.94 to 26.75 levels. Volatility jumped above 31.5 zones and paved a smooth runway for the bears

🧮 On option front, Weekly Maximum Call OI is at 23000 then 22500 strike while Maximum Put OI is at 21000 then 21500 strike. Call writing is seen at 22000 then 22500 strike while minor Put writing is seen at 21700 then 21900 strike. Option data suggests a broader trading range in between 21000 to 23000 zones while an immediate range between 21500 to 22500 levels

🔎 *Bank Nifty*
Index opened gap down by more than 350 points and remained under sustained selling pressure as Index corrected by almost 4000 points towards 46000 zones. We have seen one of the biggest intraday fall in the last many years and later the Index remained highly volatile in a wider range 1500 points. Some bounce was seen from its 200 DEMA but it formed a big Bearish candle on daily scale as Bears were dominating for most part of the day and ended with massive losses of around 4000 points

📊Now till it holds below 47777 zones more weakness could be seen towards 46000 then 45500 levels while on the upside hurdle is seen at 47777 then 48500 zones

🔎 *Fin Nifty*
Index opened negative and witnessed huge selling pressure right from the word go as intraday crack of 2000 points was seen throughout the day. It erased gains of the previous two months as intensive sell off was seen across the space. It formed a big Bearish candle on daily scale and resistance is drifting lower

📊Now till it holds below 21350 zones selling pressure can be seen towards 20450 then 20000 zones while on the upside hurdle is seen at 21350 then 21700 zones

*Stocks*
🚀 Bullish setup in Colpal, Dabur, Hindunilvr, Godrejcp, Marico, Heromotoco, Britannia, Suntv, Tataconsum, UBL and Mcdowell

🐻 Bearish setup in BHEL, BEL, Concor, SAIL, Hindcopper, Nationalum, ONGC, HAL, Ambuja Cement, GAIL, Hinpetro, Bank Baroda, PNB, Indus Tower, HDFC AMC, ACC, Lichsgfin, NTPC, India Cement, Can Bank, Coal India, RBL Bank, IRCTC, MCX, DLF, IOC, Cumminsind, ZEEL, NMDC, Dalbharat, Tatasteel and Bandhan Bank

04/06/2024

*Pre-Market Derivatives and Technical Set-up*

🔎 *Nifty*
Index started the day with the highest gap up of around 800 points in the last four years. It touched a fresh all time high of 23338 in its opening tick and remained positive to range bound for the rest of the session. It formed a small bodied candle on daily frame with longer lower shadow indicating swift buying at any small declines. It closed with gains of around 730 points and negated its lower highs formation of the last four sessions

📊 Now it has to hold above 23110 zones for an upside move towards 23500 then 23700 zones whereas supports are placed at 23000 then 22795 zones

🎢 India VIX crashed and was down by 14.87% from 24.60 to 20.94 levels. Volatility cooled down to 19 zones and comforted the bulls to ride the index at life time high levels

🧮 On option front, Weekly Maximum Call OI is at 24000 then 23500 strike while Maximum Put OI is at 22500 then 23000 strike. Minor Call writing is seen at 23500 then 23700 strike while minor Put writing is seen at 23200 then 23000 strike. Option data suggests a broader trading range in between 22800 to 24000 zones while an immediate range between 22900 to 23600 levels

🔎 *Bank Nifty*
Index opened with a massive gap up of more than 1900 points at a new life time high near 50900 zones. However it remained consolidative in a wider range of 500 points in the initial hour of the session but buying momentum was seen again in the latter part of the day to hit a yet another fresh life time high of 51133 marks. It formed a small bodied Bullish candle with long lower shadow on daily scale as good buying was seen in the last hour of the day

📊Now it has to continue to hold above 50500 zones for a new all-time high of 51500 then 52500 zones while on the downside support is seen at 50500 then 50000 levels

🔎 *Fin Nifty*
Index opened by huge gap up by 900 points after the exit poll outcome and made a fresh life time high of 22660 marks. It has given a range breakout on monthly chart and trading in an uncharted territory. It formed a bullish pin bar on daily chart which implies that bulls are holding grip in the market

📊Now till it holds above 22300 zones momentum can be seen towards 23000 then 23500 zones while on the downside support is seen at 22300 then 22000 zones

*Stocks*
🚀 Bullish setup in PFC, GAIL, Rec Ltd, Bank Baroda, Adaniports, Concor, Can Bank, SBIN, NTPC, Powergrid, Hindpetro, BEL, IOC, Lichsgfin, ONGC, Godrejprop, IGL, MGL, ACC, LT, Ambuja Cement, Reliance, Ashokley, Axis Bank, Dixon, Ultracemco, ABB, M&M, Indhotel, Jswsteel, ICICI Bank and Bajaj Auto

🐻 Bearish setup in Ipca Labs, Syngene, Hcltech, Sunpharma and Nestle Ind

27/05/2024

*Derivatives update*

Derivatives update for Monday, 27th May 2024.

India VIX was up by 1.54% from 21.38 to 21.71 levels. Volatility spiked above 24 levels during the week and added momentum at the life time high levels. VIX needs to fall below 16-18 zones for stability and a smoother ride in the market.

Nifty *Put/Call Ratio* (OI) decreased from 1.37 to 1.14 level.

On weekly front, Maximum Call OI is at 23000 then 23500 strike while Maximum Put OI is at 23000 then 22500 strike. Call writing is seen at 23500 then 23000 strike while Put writing is seen at 23000 then 22500 strike.

*Option data suggests a broader trading range in between 22500 to 23500 zones while an immediate range between 22700 to 23200 levels.*

For weekly Bank Nifty, Maximum Put OI is at 48000 then 46000 strike and maximum Call OI is placed at 50000 then 49000 strike. We have seen Call writing at 52000 strike while Put writing is witnessed at 49000 strike.

Bank Nifty Put Call Ratio decreased from 1.21 to 1.11. Implied volatility rose from 17.57 to 27.48 levels.

Bank Nifty (CMP 48,972)
Data setup for Bank Nifty suggests a trading range in between *48250/48500 to 49250/49500 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, call & put selling in index options and short built up in stock futures.

In the cash market, FIIs were net sellers to the tune of 945 crores while DII’s were net buyers worth 2320 crores. FIIs Index Long Short Ratio increased to 48.75%.

Derivatives data and price set up suggests, Nifty has to hold above 22900 zones for an up move towards 23200 then 23350 zones whereas supports are shifting higher at 22850 then 22700 zones.

Bank Nifty has to continue to hold above 48750 zones for an up move towards 49250 then 49500 zones while on the downside the support has shifted higher at 48500 then 48250 levels.

Thank you. Have a great trading day week ahead..!!