Option Updates
In options, on the Put side, 5,500 Put added a whopping 3.29 million shares followed by the 5,600 Put, which added 1.51 million shares. On the Call side, shifting of OI from lower strikes to higher ones (i.e. from 5,400 and 5,500 Call to 5,600 and 5,700 Call) is likely to be seen.
Nifty Bank Nifty Updates
Today, The markets are expected to decline in opening trade on negative Asian cues. Today, Nifty is expected to trade in the range between 5,568 & 5,618 levels in the upper side and 5,500 & 5,468 levels on the lower side.
Bank Nifty is expected to trade in the range of 10,775 - 11,115.
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Options Today
On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5500.
On the put options front we have seen addition of open interest in last trading session at strike price of 5200 and 5300.
OI Chart Analysis: The strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 5300-5560. On the call option front strike price with the highest open interest i.e. 5400 and 5500 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 5200 and 5300 may act as a support on the downside.
Nifty Futures Today
Yesterday, Nifty Futures settled at 5418 up by 20.35 points or 0.38 %. It is expected to be bullish in today's trading session if it manages to trade above the resistance level of 5458 else below the support level of 5348 it would be in a downward trend.
Resistance: 5458 - 5558.
Support: 5348 - 5300.
Bank Nifty Today
Yesterday, CNX Bank Index gained 30.95 point or 0.30 %. Kotak Mahindra bank, IndusInd Bank and Bank of India were the top gainers amongst the banking index.
Bank Nifty Futures settled at 10523.50 up by 58.30 points or 0.56 %. It is expected to be bullish in today's trading session if it manages to trade above the resistance level of 10600 else below the support level of 10350 it would be in a downward trend.
Resistance: 10600 - 10800.
Support: 10350 - 10150.
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Options Tomorrow
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5400 and 5500.
On the put options front we have seen addition of open interest in the last trading week at strike price of 5300 and 5300.
OI Chart Analysis: In coming sessions market may rade in a range of 5200-5600. The call option strike price with the maximum number of open interest i.e. 5500 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5200 will act as major support level.
Nifty Futures Tomorrow
Nifty index closed at 5381.58 with the gain of 55.74 or 1.05%. The Nifty Sept future finally settles with a gain of 52.09 pts or 0.97% above 5397.64 and increased 2726250 shares in the open interest. The Nifty future turned to the premium of 16.04 from 19.69 where as cost of carry is 7.37% vs. 9.66%. Nifty future has next logical resistance at 5559 and 5800 levels, and strong support near 5100 and 4900 levels.
Bank Nifty Tomorrow
Bank Nifty index closed at 10442.63 with the gain of 309 pts or 3.05%. The Bank Nifty Aug future finally settles with a gain of 310.35 pts or 3.06% above 10465.19 and increased 51250 shares in the open interest. The Bank Nifty future came to a premium of 22.54 from 21.19 earlier, whereas cost of carry is 10.16 vs 17.05. Bank Nifty futures has next logical resistance at 11079 and 11500 levels, and strong support near 10149 and 9700 levels.
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Options Updates
On the call options front addition of open interest was witnessed in last trading session at strike price of 5400 and 5500.
On the put options front we have seen addition of open interest in last trading session at strike price of 5200 and 5300.
OI Chart Analysis: The strike price witnessed highest addition of open interest in the August Series. In today's session market may trade in a range of 5300-5560. On the call option front strike price with the highest open interest i.e. 5400 and 5500 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 5200 and 5300 may act as a support on the downside.
Nifty Futures Updates
Yesterday, Nifty Futures shut stop at 5448 up by 59.50 points or 1.10 %. It is expected to be bullish in today's trading session if it manages to trade above the resistance level of 5462 else below the support level of 5332 it would be in a downward trend.
Resistance: 5462 - 5562.
Support: 5300 - 5232.
Bank Nifty Updates
Yesterday, CNX Bank Index gained 187.50 point or 1.82 %. Union Bank of India, Kotak Mahindra Bank and HDFC Bank were the top gainers amongst the banking index.
Bank Nifty Futures settled at 10588.30 up by 246.81 points or 2.39 %. It is expected to be bullish in today's trading session if it manages to trade above the resistance level of 10612 else below the support level of 10282 it would be in a downward trend.
Resistance: 10612 - 10792.
Support: 10282 - 10152.
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Market Outlook
The Sensex ended above 17,000 on Tuesday led by ICICI Bank to end January 2012 with a gain of 11.3% the benchmark indexes best ever monthly performance since September 2010 and best January gains in 18 years. This is Sensex second best monthly performance since September 2010 when it had gained 11.7% and best performance in the first month of a calendar year after it had surged 19.4% in January 1994.
Stock Option Tips
On the call options front addition of open interest was witnessed in last trading session at strike price of 5200 and 5300.
On the put options front we have seen addition of open interest in last trading session at strike price of 4800 and 5000.
OI Chart Analysis: The strike price witnessed highest addition of open interest in the August Series. In today's session market may trade in a range of 5000-5300. On the call option front strike price with the highest open interest i.e. 5100 and 5200 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 4800 and 5000 may act as a support on the downside.
Nifty Futures Updates
Nifty Futures shut stop at 5223.35 down by 111.25 points or 2.18 %. It is looking bullish in today's trading session if it manages to trade above the resistance level of 5250 else below support level of 5100 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5250 & above this level the next resistance is seen near the 5360 mark.
SUPPORT: It has first support close to the level of 5100 & below this level the next support is seen near 5030 mark.
Bank Nifty Updates
In banking, CNX Bank Index gained 382.35 point or 4.01 %. Amongst the banking index Axis Bank, ICICI Bank and IndusInd Bank lead the row.
Bank Nifty Futures shut stop at 9952.45 up by 402.90 points or 4.22 %. It is looking bullish in today's trading session if it manages to trade above the resistance level of 10020 else below support level of 9600 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 10020 above this level the next resistance is seen near to the level of 10130.
SUPPORT: It has first support close to the level of 9600 & below this level the next support is seen near 9460 marks.
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Market Outlook
The markets ended flat, capital goods, IT, Auto and Metals were the worst performers, whereas Oil & Gas were the highest gainers of today's trading session. The European markets also traded flat. S&P CNX opened flat around 4979. The Sensex closed around 16450, down by 15 points and Nifty settled around 4955.80 down by 12 points from their previous close.
Nifty Tomorrow
The Nifty opened flat around 4977 and traded choppy for whole day. Nifty made intraday high of 4980 and low of 4930 and finally settled around 4955.80 down by 12 points. For tomorrow, Nifty is expected to trade above 4955.93. On the up side it is expected to trade in the levels between 4980.87 - 5030.86. If it fails to trade above 4955.93 a downfall till 4880.86 could also be seen. On the down side it is expected to trade in the levels between 4930.86 - 4880.86.
Resistance3: 5030.86
Resistance2: 5005.93
Resistance1: 4980.87
Pivot Point: 4955.93
Support1: 4930.86
Support2: 4905.93
Support3: 4880.86
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Nifty Futures
Yesterday, Nifty opened with a gap on the upside and ended the day with a gain of 93 points around 4,966. All the sectoral indices closed in green. The BSE FMCG and Metal indices were up the most.
As Nifty has crossed the level of 4,908 in opening itself and staged further upside throughout the session to conclude the day with a gain of 93 points at 4966. The present momentum may ensure higher levels and Nifty is expected to test the level of 5,000 and above that 5,035 is possible.
On the downside, the range of 4,900 to 4,885 would be support in the immediate term, whereas the level of 4,820 would serve as a critical level below which the recent uptrend may reverse. Till the time Nifty trades below 4,820 the upsides may remain open even beyond 5,035, however the level of 5,035 would serve a resistance for next couple of sessions.
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Nifty Today
The markets are expected to open flat with a positive note. Focus for today will be on TCS and HCL Technologies ahead of their quarterly results due later today. Immediate upside target for Nifty is around 4,911. Crucial supports on the downside are at 4,842-4,800. Among the sectoral indices, Banking & IT are looking good, while Oil & Gas seems to be weak & could underperform.
Support: 4,842
Resistance: 4,922
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Options Updates
On the call options front addition of open interest was witnessed in last trading session at strike price of 4900 and 5000. On the put options front we have seen addition of open interest in last trading session at strike price of 4500 and 4600.
OI Chart Analysis: From the OI Chart we can see the strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 4600-4900. On the call option front strike price with the highest open interest i.e. 4900 and 5000 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 4500 and 4600 may act as a support on the downside.
Nifty Updates
Yesterday, Benchmark share indices gained over 2% on Tuesday to end at 1-month highs, on the back of positive cues from Asia and Europe, led by index heavyweight Reliance Industries and financial shares. The markets strengthened further post Moody's upgraded India's rating to investment grade. The 30-share Sensex ended at 16,165.09 up 350.37 points or 2.22 % and the 50-share Nifty ended at 4,849.55 up 106.75 points or 2.25 %. The Sensex and the Nifty reached an intra-day high of 16,180.97 levels and 4,855.90 mark, respectively. The Sensex hit 16,100 marks, its highest level since December 14, 2011.
Resistance: 4780 - 4850
Support: 4680 - 4590
Nifty Futures shut stop at 4870.30 down by 118.50 points or 2.49 %. It is likely to be bullish in today's trading session if it manages to trade above the resistance level of 4780 else below the support level of 4680 it would be in a downward trend.
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