Data Feeler: Nifty future could not able to continue the pullback rally and lost almost 200 points in single trading session with selling seen across the board. Nifty future witnessed huge sell off for the entire trading session with no hope of recovery seen till end. Nifty future for the day, if it sustains above 5380 levels then only bounce back may be seen towards 5420-5450 levels, whereas if it fails to hold 5320 levels then further sell off could not be ruled out towards 5250-5220 levels. Looking at the option concentration data for Sept Series, max Put OI stands at 5300 followed by 5200 & 5000 strike prices whereas max Call OI is at 5500 followed by 5600 strike prices. Fresh call writing is seen at 5400 & 5500 strike prices suggesting immediate hurdle zone for the markets. Inline with Broader indices Bank Nifty has also witnessed huge sell off now for the day has immediate support at 8500-8350 levels whereas immediate hurdle is placed at 8900 levels. Put Call Ratio based on Open Interest of Nifty moved down from 1.24 to 1.20 levels. Historical Volatility of Nifty moved up from 31.2 to 35.22 levels and Implied Volatility also moved up from 27.66 to 31.1 levels. Nifty Future closed negative at 5344.55 levels. Nifty future saw increase in OI by 3.27% with a fall in price by 3.78%.Market witnessed selling pressure across the board especially in Banking, CD, Realty, FMCG, Oil & Gas, CG, Power, Metal, HC, Tech and PSU sector stocks. Nifty future closed at premium of 3 points as compared to premium of 4 points in previous trading session. The market turnover increased by 46.16% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 45.5%. Derivative Calls: Buy on GODREJIND & Sell on BHARTI AIRTL
Posted on: Wed, 04 Sep 2013 03:26:11 +0000
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