BUSINESS
Option strategy of the day| BPCL trading above moving averages; buy call option for upside
BPCL stock has taken support around 20-DMA and is set to test the upper Bollinger band which is pegged around 635-640 levels.
BUSINESS
Volatility rising much ahead of elections over the years; why and what does it mean for traders
The market's forecast of a security's price movement is known as implied volatility. IV is frequently used to price options contracts where high implied volatility leads to higher premiums for options and vice versa.
BUSINESS
Jim Simons’ 5 principles: Legendary hedge fund manager lived by these tenets
"I did a lot of math. I made a lot of money, and I gave almost all of it away," Simons remarked at a 2022 event honouring Abel Prize winners recognised for their mathematical achievements. "That's the story of my life."
BUSINESS
Quant hedge fund pioneer Jim Simons dies at 86; tributes pour in from Ray Dalio, Mike Bloomberg, more
Renaissance Technologies was officially established in 1982 and has since become one of the most profitable hedge funds in the industry, renowned for its Medallion fund, which averaged a 66 percent annual return.
BUSINESS
F&O Manual | Indices gain after yesterday’s slump, Nifty near 22,090 resistance
Supports for the Nifty are now seen at 21,950 and 21,700-800 levels. On the higher side, immediate resistance zone for Nifty is at 22,200-250 levels and the next resistance is at 22,500 Mark.
BUSINESS
Option strategy of the day | Axis Bank retesting breakout levels; Use bull call spread
Axis Bank witnessed notable short covering throughout April, hinting at a potential uptrend. Moreover, recent long additions in the May series reinforce this trend, signaling further upward momentum for the stock.
BUSINESS
F&O Watch for May 10: Zee, Balrampur Chini and Canara bank in the F&O Ban list
The F&O ban is reversed only if the open interest falls below 80 percent.
BUSINESS
Bears attack Nifty with volatility spike; watch 22,000 on index for reversal or further free fall
To recoup the losing bias, the index must hold the 22,000 mark. On the higher end, 22,300 remains a crucial resistance.
BUSINESS
Option strategy of the day | Long build up in Hero MotoCorp post Q4 results; use Bull spread for upside
Heromotocorp stock is trading above its short and long-term moving averages.
BUSINESS
F&O Manual| Indices trade negative; Nifty breaches support level of 22,200
Nifty now has 22,000 as the major support. A decisive breach above 22,400 is necessary to improve the sentiment.
BUSINESS
Bearish inter market divergence across indices signals caution in short term
Frontline high beta stocks have witnessed distributive pattern and lack of leadership in the frontline heavy weights, which remains short term concern, says Nuvama.
BUSINESS
F&O Manual | Nifty, Sensex rangebound, both indices trading near 50 DMA support
Among individual stocks, long build up is observed in MFSL, Marico and ABB. While short build up is seen in Voltas, PEL and TVS Motor.
BUSINESS
Option strategy of the day| Muthoot Finance sees rising futures buying and long unwinding
Muthoot Finance futures witnessed long addition to the tune of 0.53 percent. Options matrix hints at a good support base formation at Rs 1600 and Rs 1660 levels.
BUSINESS
Bank Nifty bearish to sideways on weekly expiry day, trader says sell call options
The expected weekly expiry range for Bank Nifty is 48,000-48,600.
BUSINESS
F&O Manual: Indices face intense selling pressure, rising VIX puts traders on edge
The nifty has a crucial support of the 50 DMA level of 22,300 and a decisive close below the 22,300 level the nifty can slide further to the 22,000 and 21,800 levels.
BUSINESS
Volatility gauge VIX jumps to 17 amid elections; experts say could rise more, avoid naked shorts
Trading around the crucial resistance zone of 16.50 to 17, a decisive close above this range can trigger a sharp rally in VIX. Above these levels, VIX could test 19.50-20 and 22.75-23 levels on the higher side.
BUSINESS
Option strategy of the day|Britannia long built up post Q4 result; use Bull call spread for upside
Derivative data suggests a long build in the Britannia Industries, with addition of over 7 percent in open interest in the early morning session.
BUSINESS
India VIX jumps above 16.5 amid election-led volatility; experts advise caution on leveraged positions
With the outcome of the general elections likely to be clear in less than a month, market experts anticipate a surge in volatility.
BUSINESS
Low risk option strategy to adopt if Nifty remains sideways to bearish
At noon, Nifty was seen struggling to hold 22,500 levels. A break of 22,350 on the downside can trigger a further fall of 300-400 points on the index, says an expert.
BUSINESS
F&O Manual | Indices rangebound; Nifty may bounce back but faces strong resistance at 22,700
For Nifty the immediate swing low of the 22350-22300 subzone is likely to provide a firm cushion for any intra-week blip, followed by the 50 DEMA of 22230 and the bullish gap around the 22200 zone.
BUSINESS
Option strategy of the day | TCS set to cross 20-DMA, short covering likely; Buy call option for gain
The recent price action in the TCS is exhibiting strong bullish signals with technical indicators showing positive cross over on the daily basis.
BUSINESS
Sharp movements in Vix ahead of elections: Here's expert interpretation
When VIX is high, volatility is extremely high and quite often one observes prices crashing ferociously, says derivatives expert Rahul Ghose, CEO of Hedged.in
BUSINESS
F&O Manual | Indices trade negative; Nifty breaches crucial support of 22,550
A breach of the 22,550 spot Nifty support represents a negative/cautionary signal, which opens the doors for a downside target of 22,300. Recovery hopes are contingent upon the Nifty staging a comeback above 22,600.
BUSINESS
Option strategy of the day | Breakout from resistance, long buildup in BPCL; use Bull call spread for upside
The momentum indicator MACD has provided a bullish crossover on the daily charts from the zero-reference line. This indicates the completion of downward cycle in the short term.
