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Morning Insight

Research report help you to get basis with key information that can shape the markets.

Derivatives Daily
Market Wrap12-04-2022

  • Indian shares may follow global peers lower on Tuesday after Tata Consultancy Services reported fourth quarter profit that trailed analysts estimates. Weak global cues may also weigh on sentiment aheah of CPI inflation data and infosys's earnings release. State-run oil exploeres and marketing companies could be in focus after oil prices fell about 4 percent in the U.S. trading session overnight. Nifty Fell around 0.6 percent, while the rupee rose by 10 paise to settle at 75.93 against the greenback on expectations of faster rate hikes by the RBI in the months ahead.
  • The market reversed all its gains in the previous week with the Nifty 50 losing more than 100 points on yesterday's session. The daily price action has formed a small bearish candle and remained subdued within the last three sssions of the High - Low (17,850 - 17,600) range, indicating the absence of strenght. As per the pivot charts, the key support level for the Nifty is placed at 17,624 followed by 17,573. If the index moves up, the key resistance levels to watch out for are 17,752 and 17,830.

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Derivatives Daily
Market Wrap11-04-2022

  • Indian shares reversed losses to end notably higher on Friday as the Researve Bank of India (RBI) left its key interest rates unchanged, as widely expected, and introduced the Standing Deposit Facility to absorb the excess liquidity. The MPC unanimously decided to remain accommodative while focusing on withdrawal of accommodative to ensure that inflation remains within the target going forward. Nifty index rose by 144.80 points, to 17,784.35 while the rupee appreciated 13 paise to settle at 75.90 (provisional) against the greenback amid the RBI decision to maintain status quo on repo and reverse repo rate.
  • Index snapping its three-day losing run despite China's soaring Covid-19 infections, lingering worries about the war in Ukraine and the U.S. Federal Reserve's hawkish stance on future rate hikes. Nifty opened on a positive side where we have observed volatility in the market where 9 days EMA worked as a support mark for the nifty. So, if index sustain above 17820 then we might see another buying interest with the support mark of 17660.
  • Nifty Put O I addition was seen at 17600 followed by 17500.
  • Nifty Call O I addition was seen at 18200 followed by 18000.
  • Nifty Bank Put O I addition was seen at 37500 followed by 36500.
  • Nifty Bank Call O I addition was seen at 40000 followed by 38000.

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Derivatives Daily
Market Wrap08-04-2022

  • Indian shares tumbled on Thursday to extend losses for the third day running as the release of hawkish minutes from the Fed's last policy meeting raised speculation that the U.S. central bank will raise interest rates by a hefty 50 basis points at its meetings in May and June. As inflation worries mount, investors also awaited the outcome of RBI's policy meeting on Friday for directional cues. Analysts say there is crying need for the central bank to revert to its mandated role of ensuring price stability. Nifty index ended the session down 168.10 points at 17,639.55.
  • Another session where index opened with the negative note and bears pushed the nifty toward its 9 days EMA which worked as a support level previous. Moreover index's RSI faced hurdle from the higher end which is indicating weakness in the market. If sustain below 1750 then we might see another round of selling with resistance mark of 17820.
  • Nifty Put O I addition was seen at 17700 followed by 17800.
  • Nifty Call O I addition was seen at 17800 followed by 18000.
  • Nifty Bank Put O I addition was seen at 37500 followed by 36000.
  • Nifty Bank Call O I addition was seen at 37500 followed by 38000.

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