The daily option newsletter from TheEquicom provides a market wrap of Indian stock indexes falling for the third consecutive day. It also summarizes trading statistics, top gaining and losing option contracts, and FII activity in stock options. Technical analysis is given for the Nifty and Bank Nifty indexes, with support and resistance levels and strategies.
2. MARKET WRAP
The markets bleed today. Sensex close down 245.80 falls 1.16% and the Nifty close
down 70.85 falls 1.12%, marked its third consecutive day of declines since hitting a
record high at the start of the week as Tata Motors slumped after saying its unit Jaguar
Land Rover would increase capital spending. Interest-rate sensitive stocks fell due to
caution ahead of retail inflation. Shares of Tata Motors, ONGC, Coal India, ICICI Bank,
Bajaj Auto, Ambuja Cements, Adani Ent. and IndusInd Bank was down 2.5-4.5 percent.
F&O TRADE STATISTICS
CATEGORY
INDEX OPTION
STOCKS OPTION
BUY
CONTRACT
322523
33857
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BUY VALUE
[Cr.]
10046.29
973.83
SELL
CONTRACT
370265
34698
NET VALUE
[Cr.]
11507.16
992.26
NET BUY/ SELL
[Cr.]
-1460.87
-18.43
4. FII ACTIVITY {OPTION}
PRODUCT
NO OF CONTRACTS
TURNOVER IN RS. CR.
PUT CALL RATIO
INDEX FUTURES
333680
10296.29
-
STOCK FUTURES
456941
13452.88
-
INDEX OPTIONS
2817909
88824.38
1.06
STOCK OPTIONS
F&O TOTAL
224454
3832984
6636.26
119209.8
0.57
1.01
INDICES OPTION
INDEX
NIFTY OPTION
BANK NIFTY OPTION
STRIKE
PRICE
6300
11900
P.CLOSE
OPEN
HIGH
105.25
260.65
88.00
238.50
89.95 58.20
250.00 171.90
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LOW
LAST
VOLUME
58.90
178.65
14176350
225650
CHANGE
%
-44.04
-31.46
5. NIFTY
OUTLOOK
Trend:- CONSOLIDATE
Resistance:- 6290, 6350
Support:- 6190, 6140
Strategy:- BUY ON DIPS
Technical View:
Our yesterdayβs Nifty 6400 call option made high 46.90 our call was not executed today,
because market was on bearish trend. Tomorrow traders can buy Nifty (6300 Call) option at
60.00 for the target of 75.00 (Intraday).
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6. BANK NIFTY
OUTLOOK
Trend:- CONSOLIDATE
Resistance:- 11800, 12000
Support:- 11475, 11300
Strategy:- BUY ON DIPS
Technical View:
Our yesterdayβs Bank Nifty 11900 call option made high 202.25 our call was not executed
today, because market was on bearish trend. Tomorrow traders can buy Bank Nifty (11800
Call) option buy above 220.00 for the target of 250.00 (Intraday).
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responsible for any transaction conducted based on the information given in this report, which is in violation of rules and
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together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be
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