F&O cues: Nifty 9600 Put added 6.9 lakh shares in Open Interest and Nifty 9700 Call shed 5.1 lakh shares in Open Interest.
Siddharth Bhamre of Angel Broking says the Future and Options (F&O) market has seeing a lot of Options being bought.
Technical analyst Sudarshan Sukhani of s2analytics.com says the market is not looking upbeat or bullish.
As a Futures and Options strategy, Amit Trivedi, Co-Founder, Investworks.in recommends a ratio trade. One can buy 6,000 strike Calls and sell two 6,100 Calls, so there is Rs 3 invested in this strategy, he said
According to Atul Badkar, Nifty will find a strong resistance at 5,675 and will play between 5,600 and 5,700 for few days. He believes if the market sustains 5,600 level and above, then the Nifty may go 50 points more.
Join Jitendra Panda, business-head broking, Capital First, on CNBC-TV18's The Derivatives Show, as he shows how investors can call, put, straddle and strangle the market to reap rewards.
VK Sharma of HDFC Securities believes the pharma sector is better than the IT sector. Among the banks, he is bullish on ICICI Bank.
In an interview to CNBC-TV18 Karun Mutha of HSBC Invest Direct shared his readings on the Futures and Options market.
Today, one need not worry too much about the global cues because they are flat, but it appears that Nifty may also start flattish, maybe with a mildly negative bias like the rest of Asia, said CNBC-TV18's managing editor Udayan Mukherjee.
In an interview to CNBC-TV18 VK Sharma of HDFC Securities shared reading and outlook on futures and options market. Sharma suggested pruning positions when the Nifty edges higher, however one should avoid building position unless some clarity emerges on few key bills in the winter session of the parliament.
In an interview to CNBC-TV18 Siddharth Bhamre of Angel Broking shared his reading on the futures and options market. Market participants who are long on the market at 5,730-5,740 should continue to hold on to their long positions and trade with a positive bias, he suggested.
F&O cues: Total Puts added 5.7 lakh shares in Open Interest.
F&O cues: Total Puts added 11.3 lakh shares in Open Interest.
Technical analyst Sudarshan Sukhani of s2analytics.com expects the Nifty to breakout either on the upside or downside going ahead.
Short Strangle on Nifty: It can be initiated by selling 5300 Call and 5100 Put of July series. The net premium inflow comes around Rs 45-50, which is also the maximum profit if the Nifty July series expires between 5100-5300. The loss remains unlimited beyond the break-even range of 5350-5050.
F&O cues: Total Puts shed 4.8 lakh shares in Open Interest.
F&O cues: Total Puts added 13.5 lakh shares in Open Interest.
F&O cues: Total Puts added 18.5 lakh shares in Open Interest.
F&O cues: Total Puts shed 12.4 lakh shares in Open Interest.
F&O cues: Total Puts added 3.9 lakh shares in Open Interest.
FIIs have net bought Rs 2640 crore worth of equities in F&O yesterday, as per provisional data available on NSE.
In an interview to CNBC-TV18, Sudarshan Sukhani, s2analytics.com says, the trend is down. “Trade should be on the short side,” he advises. According to him, the Nifty may break 5,170 and go lower.
Nifty PCR rose to 1.37 from 1.35. Total Put added 12.17 lakh shares in Open Interest while total Call added 10.99 lakh shares in Open Interest.