By Rajesh Palviya
In Nifty present sequence there was a Long addition witnessed with improve in value of 1.56% and improve in OI by 11% as of Wednesday whereby there was addition of 11.95 lakh shares in OI, rising from 112.81 lakh to 124.84 lakh shares. Nifty present month rollover stands at 13% as of Wednesday, whereas Nifty Put Call Ratio, a sentiment indicator utilized by merchants to gauge the market sentiment and temper, is presently at 1.27 in comparison with 1.03 of final week, indicating optimistic motion for expiry.
India Vix, a market volatility indicator typically referred to as the concern gauge, is presently buying and selling 20.27% in comparison with 21.84% of final week. Implied Volatility of Nifty ATM choices for the present sequence is at 20.83% in distinction to 21.74% of final week, indicating low unstable motion on both aspect within the expiry session.
Buy Paytm and Whirlpool shares for near-term positive factors as Nifty enters up-trend, index could head to 16557
Nifty assist at 15500 for 7 July F&O expiry, use Iron Butterfly technique for positive factors; Bank Nifty to stay weak
Buy Apollo Hospitals, SAIL, M&M, Tata Comm shares, charts present rally in near-term; Nifty assist at 15750
Nifty assist at 15200, purchase on dips, Bank Nifty could head to 34500; Buy SBI, Infosys, ITC to pocket positive factors
Nifty Put choices OI distribution exhibits that 15,800 has highest OI focus adopted by 15,900 and 15,700 which can act as assist for present expiry and on the Call entrance 16,200 adopted by 16,300 & 16,100 witnessed important OI focus and will act as resistance for present expiry. Options information recommend a right away buying and selling vary between 15,800 and 16,200 ranges with 16000 performing as pivotal ranges.
In Nifty Call writing was witnessed at 16,200 , 16,100 and 16,300; whereas on Put aspect it was seen at 15,900,15,700 and 15,800
Nifty Open Interest focus
Nifty Option OI Change
Bank Nifty Outlook
In the present sequence there was a Long addition witnessed in Bank Nifty Fut with a rise in value of two.91% and improve in OI by 16% as of Wednesday whereby there was addition of three.66 lakh shares in OI, rising from 22.34 lakh to 26 lakh shares. Bank Nifty Current sequence rollover stands at 11%, whereas Bank Nifty Put Call Ratio is presently at 1.38 in comparison with 0.86 of final week indicating optimistic motion for expiry with warning at greater ranges.
Bank Nifty Put choices OI distribution exhibits that 34,000 has highest OI focus adopted by 33,500 & 33,000 which can act as assist for present expiry and on the Call entrance 34,500 adopted by 35,000 & 35,500 witnessed important OI focus and will act as résistance. Options information indicated a right away buying and selling vary between 33,800 and 34,800 ranges.
On a weekly foundation important Call writing in Bank Nifty was seen at 35,000, 34,500 & 35,500 strike whereas on put aspect it was seen at 34,000, 33,500 & 33,800.
Bank Nifty Open Interest Concentration
Bank Nifty Option OI Change
NSE Nifty 50 buying and selling technique for 14 July F&O expiry
The technique which we’re suggesting for this weekly expiry dated 14th July is a Moderately Bullish technique referred to as as CALL LADDER, which includes shopping for of 1 lot of Nifty 16,000 Call @ 178 & promoting of 1 lot every of 16,200 Call @94 and one lot of 16,400 Call @ 39. The price of the technique includes outflow of Rs 2,250 which is the utmost loss if Nifty trades and stays beneath 16,050 ranges on expiry .The most revenue of Rs 7,750 shall be attained above 16,200 ranges, whereas technique will begin making losses if Nifty crosses 16,550 therefore, it’s advisable to exit the technique in whole to keep away from limitless losses above 16,550. Break Even factors of the technique are 16,045 on upside & 16,555 on the decrease aspect.
(Rajesh Palviya, Vice President – Research ( Head Technical & Derivatives), Axis Securities. Views expressed are the writer’s personal.)
Source: www.financialexpress.com”