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Derivatives Daily
Market Wrap20-03-2019

  • Indian shares rose for a seventh straight session on Tuesday, with IT firms leading the surge. The benchmark 30-share BSE Sensex climbed 268.40 points or 0.70 percent to 38,363.47, underpinned by capital inflows in the light of expectations of PM Narendra Modi's re-election and another RBI rate cut. The broader Nifty index ended up 70.20 points or 0.61 percent at 11,532.40.
  • The Sensex matched its longest stretch of gains since December while the Nifty index ended above 11,500 for the first time since September 14, 2018.
  • Nifty made “Hanging Man” pattern on daily charts which is trend reversal pattern. Moreover, relative strength index on daily charts indicated market is overbought. We advice to avoid fresh buying at current levels and should wait for some correction. 
  • For short term support can be seen near 11390 and 11200 levels. While resistance can be seen near  11560  and 11660 levels.
  • Put O I addition was seen at 29600 followed by 29500 which can act as short term support.
  • Call O I addition was seen at 30200 followed by 30000 which can act as short term resistance.
  • Put O I addition was seen at 11500 followed by 11550 which can act as short term support
  • Call O I reduction was seen at 11500 followed by 11450.

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Derivatives Daily
Market Wrap20-03-2019

Morning Podcast Dated 20.03.2019

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Derivatives Daily
Market Wrap19-03-2019

  • Indian shares rose for the sixth straight session on Monday, although the upside remained limited amid rising oil prices and ahead of this week's Fed meeting.
  • The S&P 30-share BSE Sensex moved in the range of 38,369-37,952 before ending the session higher by 70.75 points or 0.19 percent at 38,095.07. The broader Nifty index ended up 35.35 points or 0.31 percent at 11,462.20.
  • Nifty facing resistance near previous support line, formed previous lows of May-18 & June-18 which were at 10490 & 10557 respectively. Moreover, Nifty made bearish Spinning top pattern on daily charts. even relative strength index on daily charts indicated market is overbought. We advice to avoid fresh buying at current levels and should wait for some correction. 
  • For short term support can be seen near 11270 and 11120 levels. While resistance can be seen near  11525  and 11675 levels.
  • Put O I addition was seen at 11450 followed by 11400 which can act as short term support
  • Call O I addition was seen at 11700 followed by 11600.  which can act as short term resistance
  • Put O I addition was seen at 29500 followed by 29600 which can act as short term support.
  • Call O I addition was seen at 30000 followed by 29900 which can act as short term resistance.

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