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Morning Insight

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

Derivatives Daily
Market Wrap23-07-2021

  • Indian shares ended sharply higher on Thursday to snap a three-day losing streak, with IT and metal stocks leading the surge on hopes for economic and earnings growth. Global cues were upbeat as investors brushed off fears about the spread of Delta coronavirus variant and looked ahead to the European Central Bank for reassurance that policy support will continue for some time. Nifty index jumped 191.95 points to settle at 15,824.05.
  • After three days fall Nifty took support near 50 Day SMA and recovered smartly and ended  the session above 20 Day SMA. Yesterday’s move indicated that nifty may again try to touch recent high. However, index is still stuck in broad rang between 15550 and 15950 Till the time its not breaking given level we may continue to see choppiness in market.
  • Nifty  Put O I addition was seen at 15800 followed by 15700 which can act as short term support.
  • Nifty Call O I addition was seen at 16000 followed by 16100.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 35000 followed by 33000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 35000 followed by 36500 which can act as short term resistance.

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Derivatives Daily
Market Wrap22-07-2021

  • Indian shares fell for the third day running on Tuesday amid a sell-off in global markets sparked by a surge in Delta variant coronavirus cases worldwide. It is feared that further lockdowns and tougher travel restrictions due to the fast-spreading Delta variant of the coronavirus could upend global economic recovery. Nifty index ended the session down 120.30 points at 15,632.10.
  • Nifty made strong bearish candle on daily chart after it made gravestone Doji on previous trading session which is indicating bearish sentiments among the participants. RSI also trading below 50 mark also indicated weakening of trend and we may see some selling near 20 Day SMA which is near 15780. However, Nifty took support near 50 day SMA in previous session placed at 15570 which can act as pullback zone. Till the time its holding above that level we may continue to see choppiness in market.
  • Nifty Put O I Reduction was seen at 15800 followed by 15700.
  • Nifty Call O I addition was seen at 15700 followed by 15600.  which can act as short term resistance.
  • Nifty Bank Put O I Reduction was seen at 35500 followed by 35000.
  • Nifty Bank Call O I addition was seen at 34500 followed by 35500 which can act as short term resistance.

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Derivatives Daily
Market Wrap20-07-2021

  • Indian shares fell sharply on Monday, mirroring weak global cues as signs of growing inflationary pressures and concerns that a surge in coronavirus cases will have a dampening effect on the fragile global economic recovery spurred risk aversion. Global growth worries mounted as daily coronavirus infections continued to surge from the United States and Europe to Asia, with the global seven-day average of new cases each day crossing over half a million for the first time since May. Nifty index ended down 171 points, at 15,752.40.
  • Due to global weakness Indian index open with the gap down where bulls tried to push nifty toward the positive side however bears were more aggressive which result in sell off from the 15800 mark which leads to the gravestone Doji on the daily chart which is indicating some negative sentiments among the participants. However index is trading near its previous support of RSI so another round of selling bears has to breach this support level.
  • Nifty Put O I Reduction was seen at 16000 followed by 15900.
  • Nifty Call O I addition was seen at 15800 followed by 15900.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 35000 followed by 34500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 35000 followed by 37000 which can act as short term resistance.

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