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Morning Insight

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

Derivatives Daily
Market Wrap22-01-2021

  • Indian shares extending the previous two-day rally to hit a fresh record high amid positive global cues, The BSE Sensex crossed the psychological 50,000 mark for the first time on January 21 but, but gave up early gains in the last hour to settle modestly lower on Thursday due to weekly expiry. Nifty ended at 14,590.40, down 54.30 points after hitting a life high of 14,753.55.
  • Nifty formed a bearish candle which resembles a Dark Cloud Cover kind of pattern on the daily charts Index formed long body red candle which indicates that a participants are selling from the higher level. In addition to this index faced resistance near 71 level on RSI. However, chart structure is still bullish where it took support of 5 days EMA. For bullish setup to continue one can consider 14450 & 14250 as strong support levels.
  • Nifty  Put O I addition was seen at 14600 followed by 14700 which can act as short term support 
  • Nifty Call O I addition was seen at 14700 followed by 14800.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 30000 followed by 32500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 35000 followed by 33000 which can act as short term resistance.

 

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Derivatives Daily
Market Wrap20-01-2021

  • Indian shares posted a very strong comeback on Tuesday after two days of corrective activity and ended the day with a strong gain on Tuesday, with key benchmark indexes climbing around 2 percent, as optimism about China's economy and hopes for further global stimulus helped spur buying across the board. Nifty index ended up 239.85 points, at 14,521.15.
  • Nifty opened with bullish gap and got even stronger as the trading progressed. There were no signs of any selling from higher levels. Moreover nifty took support of 20 day SMA and rising channel also India VIX also cooled off from higher levels; which indicated recent low of 14222 can act as strong positional support for bulls.
  • Nifty  Put O I addition was seen at 14400 followed by 14500 which can act as short term support 
  • Nifty Call O I reduction was seen at 14500 followed by 14300.
  • Nifty Bank Put O I addition was seen at 32000 followed by 29000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 32000 followed by 34000 which can act as short term resistance.

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Derivatives Daily
Market Wrap19-01-2021

  • Indian shares fell sharply on Monday amid weak global cues as growing coronavirus infections around the world sparked worries about a slow recovery from the pandemic. Nifty index ended down 152.40 points, at 14,281.30, with financials and IT stocks pacing the declines.
  • Another session where nifty formed strong red candle which is clearly indicating fear among the participants. Where in previous session index open on a positive note but unable to maintain that level and observed selling pressure in last hour. RSI back near 61 level and it might take support near 56. if index breach 14200 level than we might see selling pressure continue in coming session.
  • Nifty Put O I Reduction was seen at 14500 followed by 14400 
  • Nifty Call O I addition was seen at 14400 followed by 14300.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 32000 followed by 29000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 32000 followed by 34000 which can act as short term resistance.

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