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Derivatives Daily
Market Wrap14-12-2018

  • The Indian stock market ended higher on Thursday, extending gains to a third successive session, with investors tracking cues from Asian markets and also reacting positively to the latest batch of economic data
  • Yesterday’s price action has formed spinning top candle on daily chart. This indicates bulls have lost momentum and indecisiveness at higher levels. Index has still managed to close above 200 DMA which is placed at 10754 levels. RSI is also moving in up direction which is positive sign.
  • Broad view still remains bullish till index sustain above 10650 levels but after three straight day of gain market might give some correction. Short term support is at 10790 and 10730 levels. On higher side resistance is at 10866 and 10940 levels. Dip in price near support levels should be used as buying opportunity
  • As per current option data Immediate Resistance is around 10900 & Major Resistance is around 11000.
  • As per current option data Immediate support is around 10600 & Major Support is around 10500

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Derivatives Daily
MP314-12-2018

Morning Podcast Dated 14.12.18

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Derivatives Daily
Market Wrap13-12-2018

  • The Indian stock market ended on an upbeat note on Wednesday, with investors indulging in hectic buying across the board, reacting positively to the results of assembly elections and the appointment of a new governor for the Reserve Bank of India. Rising optimism about U.S. and China agreeing on a trade deal before the 90-day truce period too contributed significantly to market's sharp rise.
  • BSE Sensex soared 629.06 points, or 1.79%, to 35,779.07, while the National Stock Exchange's Nifty50 jumped 188.45 points, or 1.79%, to close at 10,737.60.
  • In the currency market, the rupee weakened to 72.20 against the U.S. dollar before regaining some lost ground and edging up to 71.98, still down from previous close.
  • Mirroring strong buying metals, consumer discretionary, industrials, automobile, capital goods and realty shares, the respective sectoral indices moved up 2 to 4.1% today. Bank, oil, power and FMCG stocks too posted strong gains. Select stocks from healthcare and information technology sectors too gained significant ground in positive territory.
  • Hero Motocorp gained more than 7%, Indiabulls Housing Finance added nearly 7% and Bharti Airtel gained 6.7%. Yes Bank, Adani Ports, Tata Steel, UPL, Eicher Motors, Mahindra & Mahindra, Tata Motors, Bajaj Auto, IOC, ONGC and GAIL India all ended with gains ranging from 3% to 6%. Axis Bank, Vedanta, Larsen & Toubro, Cipla, Hindalco, Bajaj Finance, NTPC, Maruti Suzuki, Coal India and Hindustan Unilever also rose sharply.
  • Yesterday NIFTY future was up 1.91%  with  increase in O I by 0.88%.
  • Put O I addition was seen at 10600 followed by 10700 and  Call O I reduction was seen at 11000 followed by 10500.  
  • As per current option data Immediate Resistance is around 10800 & Major Resistance is around 11000.
  • As per current option data Immediate support is around 10600 & Major Support is around 10500.

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