BUSINESS
F&O Manual | Nifty trend positive if it holds above 22,500, index range bound ahead of weekly expiry
The market sentiment remains positive as long as it stays above 22,500, with targets set at 22,790/22,900
BUSINESS
Option strategy of the day | Breakout in M&M stock from consolidation; use Bull Call Spread to capture upside
Among the constituents of Nifty Auto, M&M has broken out of a 13-day consolidation phase on a daily scale. The daily and weekly RSI are in the bullish zone according to RSI range shift rules.
BUSINESS
Nifty, Nifty Bank retreat after hutting all-time high. Next stop?
Short-term traders may consider a buy-on-declines strategy for indices; however, they are advised to brace for significant volatility in the coming days.
BUSINESS
Market shows strong momentum ahead of FOMC meeting; trade with positive bias, say experts
Notwithstanding the FOMC outcome, Nifty is indicating a buy at current levels as it may head towards 22,850 levels, and a sustenance above 22,800-22,850 can propel it towards the 23,000 mark
BUSINESS
Option strategy of the day: Positive rollover in Godrej properties prompts Buy call option
Godrej properties 2,660 CE and 2,680 CE have seen addition in long, implying a positive sentiment.
BUSINESS
May series FnO rollovers show bullishness in banking, financial, capital goods stocks
At the start of the May series, Telecom, Consumption, Energy, Realty, FMCG, and Banking sectors witnessed significant OI addition. FIIs’ long ratio has fallen to 40 percent in Index futures, implying a shift towards more hedged positions.
BUSINESS
Nifty options strategy for upside bias: Fully protected trade with downside protection
It is noteworthy that the Nifty has reacted from a ‘buy’ level and is ascending towards its all-time high levels, indicating strength
BUSINESS
F&O Manual| Indices trade higher; Experts advise 'buy on dips' till Nifty above 22,250
The sentiment appears positive as long as it holds above 22,300. At the higher end, the Nifty might move towards 22,800-23,000 in May, said market experts.
BUSINESS
Option strategy of the day: Lupin on verge of breakout, put open interest shows robust support
The option chain shows that the 1,600 PE of LUPIN May series has strong open interest of more than 1.3 lakh shares, indicating a robust base on the lower side.
BUSINESS
Traders call for revisiting option spike limits as frequent occurrences trigger stop losses
Potential reasons attributed to these spikes include the involvement of high-frequency trading firms using algorithmic trading strategies, occurrences of fat-finger errors, and the regular expirations of lesser-liquid indexes like FinNifty and MidcapNifty, which are susceptible to manipulation through movements in underlying stocks.
BUSINESS
3 reasons why India VIX is trading soft, after cooling off to a 5-month low
The India VIX tested a 5-month low largely on account of easing geopolitical tensions in West Asia, reduction in Nifty lot sizes and expectations of a strong mandate to the ruling party in the ongoing Lok Sabha Elections.
BUSINESS
Option strategy of the day | ITC gains buying momentum in May series, use 'covered call' for gains
There has been 20% increase in ITC May futures combined open interest and an uptick in OIPCR for the May series, indicating increased activity from put writers and expected upside.
BUSINESS
Sudden surge in FinNifty put options raise alarms, premiums spike up to 20x in a minute
Technical analysts told Moneycontrol that the sudden spike in FinNifty put option prices could be the result of big algo trades executed for stop-loss hunting by HFT players.
BUSINESS
F&O Manual| Indices trade positive, Nifty faces stiff resistance at 22,500
Market experts advise booking profit at current levels and looking for stock-specific opportunities as the broader market is still outperforming
BUSINESS
Sudden decline in Vix indicates correction ahead
The Nifty nearing resistance levels of 22,400-22,450 and VIX cooling toward 10 is not a good sign in the near term. Traders are advised to lighten their positions in the short term, analysts said
BUSINESS
Option strategy of the day | Manappuram Finance May series sees long build-up, buy call option
Technically, Manappuram Finance is holding the support of 21-exponential moving average, post sideways formation. A major move is expected to emerge over the 195 level
BUSINESS
Option strategy of the day | Consolidation breakout signals BPCL call option buy
The BPCL counter is making intraday highs even in volatile market conditions and is expected to test Rs 615-620 levels over the next three to four sessions, derivatives trader Arun Kumar Mantri has said
BUSINESS
FIIs turn net short on Nifty, index futures, cut long bets as geopolitical concerns drag markets
In the F&O space, FIIs’ have suddenly changed their stance and shorted significantly in index futures as well as stock futures. FIIs’ net longs of nearly 33,000 contracts turned into net shorts of more than 1 lakh contracts
BUSINESS
Bank Nifty to see short covering above 48,200 levels
Fresh longs should only be initiated above the 48,200 resistance level as the range of 48,000-48,200 may still act as a supply zone, experts say
BUSINESS
Option strategy | Bear put spread for Axis Bank
The momentum indicator MACD for Axis Bank has also turned bearish, which indicates that in the short term, the trend will likely remain bearish
MARKETS
Low risk option strategy for April to gain if Nifty remains bearish
As the fear of of an all-out war in West Asia grows, it is better to have a sideways-to-bearish strategy that can be controlled even if the view does not pan out
BUSINESS
How to position your trade in HDFC Bank stock ahead of April 20 results
HDFC Bank is currently trading around the strong support area of 1470-1500 on the daily charts and is expected to maintain this level in the upcoming sessions. The uptick in OI at 1520/1530 strikes hints at a potential recovery attempt suggests a moderately bullish view
BUSINESS
F&O Manual | Nifty to see dead cat bounce; heavy call writing at 22,400-22,500
In anticipation of a dead cat bounce, JM financial recommends a bull call spread strategy for the monthly 25th April expiry.
BUSINESS
Option strategy of the day | Buy HDFC AMC call as counter sees breakout and long build-up
HDFCAMC April futures have surged by 2.28 percent accompanied by a substantial increase of 11.09 percent in cumulative open interest
