Viju Cherian gets in conversation with Gaurav Choudhury and Kshitij Anand to discuss the exit polls and how the markets have reacted to it.
Some cool off in India VIX could be expected after the political outcome becomes apparent.
Every now and then we are faced with a situation where there is a firm possibility of headwinds created by a known event. Be it election outcomes, big trade agreements or major Monetary Regime change.
Analysts’ suggest investors to buy put options if the market opens lower on Monday to hedge their long positions while some are advising clients to remain in cash at least for the next 3-4 days
The outcome of State election results might lead to uncertainty cropping up in the next 10 sessions which could result in the rise in open interest.
The Nifty Futures open| interest (OI) tends to build up prior to the Budget and declines once the event is out of the way. Given that the derivative indicators like the Basis, OI PCR and IV tend to mirror the movements in the Nifty rather than be impacted by the Budget event.
According to a report by Dynamic Levels, Nifty Futures is expected to open at 7969 as per SGX Nifty at 8:30 am IST, which is 45 points below its previous close of 8014.
F&O cues: Nifty futures shed 1 percent in open interest (OI), sheds 1.8 lakh shares and Nifty Bank September futures shed 1 percent in OI.
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 spoke about the fundamentals of stocks and sectors like power, steel, automobiles, with special focus on Jindal Steel & Power and Bharat Bijlee, and quarterly earnings of Maruti Suzuki.
The index, that opened at 1461, has moved nearly 5.5 times in the past 15 years. It has rewarded its investors with 12 percent returns.
According to Deven Choksey, KR Choksey Shares & Securities Nifty will consolidate in 8200-8700 range and if it breaches those levels then 9000-9200 on the upside is likely.
Nirmal Jain, Chairman of IIFL does not see Nifty breaching 7,950 - 8,000 levels, as investors are looking at every correction as an opportunity to buy.
The Nifty is starting the January series with more than 20.8 million shares along with the highest ever seen roll spread of 103 points. Higher Nifty premium does not bode well for upside momentum. Hence, future premium is likely to come down to normal levels in the next couple of sessions, says ICICIdirect.com
ICICIdirect.com has recommended to sell Nifty in the range of 8611-8616. However, advised to buy buy Bank Nifty in the range of 18700-18740, in its report dated December 8, 2014.
One can trade the September series with a positive bias and advised buying Options because the 8200-8300 Call Options are attracting lot of buying interest from stronger hands, said Siddharth Bhamre of Angel Broking
F&O cues: Nifty Put added 33.2 lakh shares and Call added 16.5 lakh shares in open interest.
F&O Cues: Nifty 6300 Call shed 4.8 lakh shares in Open Interest while Nifty 6300 Put added 7.6 lakh shares in Open Interest on December 23.
NSE F&O Cues: Highest open interest buildup has seen at 6000 Put and 6300 Call. Nifty 6000 Put added 4 lakh shares in in open interest on November 27.
F&O cues: Nifty 6300 Call added 3.6 lakh shares in Open Interest and Nifty 6000 Put added 1.7 lakh shares in Open Interest on Thursday.
"They start accumulating or increasing the OI when it reaches around 5,850 or 5,800 thereabouts," he told CNBC-TV18.
According to Dolat Capital‘ derivative report, Nifty has risen to 5700 on the back of short covering. If the momentum sustains, we may see further rise up to 5780.
Vineet Bhatnagar, MD, Phillip Capital told CNBC-TV18 that now the Nifty is witnessing positive rollovers. As for the earning season, his view is that the performance of Indian IT will be depending on the US market‘s performance.
F&O cues: Nifty 5700 Put added 16.5 lakh shares in open interest (OI) on Friday and Nifty 6000 Call added 10 lakh shares in OI.
F&O cues: Highest open interest (OI) buildup was seen at Nifty June 5700 call & Nifty June 5500 put on Wednesday ahead of expiry Thursday.
F&O cues: Nifty 5600 Put added 16.3 lakh shares in open interest (OI) and NIfty 5600 Call added 9.5 lakh shares in OI on Friday.