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Morning Insight

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

Derivatives Daily
Market Wrap15-06-2021

  • Indian shares ended a choppy session flat to slightly higher on Monday, with heavyweights such as Reliance Industries and Infosys pacing the gainers list. Shares of Adani group companies fell sharply after NSDL reportedly froze the accounts of three foreign funds that together own shares worth Rs. 43,500 crore in four of its companies. Nifty index ended up 12.50 points at 15,811.85, after having hit a low of 15,606.50 earlier in the day.
  • Nifty remained Volatile throughout the day after flat opening index witnessed heavy selling, however in second half nifty recovered all the losses. In this process nifty made green candle with long lower wick. Which indicates buying from lower levels. One can consider support near 20 day EMA which are placed at 15480 for existing long positons. While Resistance can be seen near 15860-16060.
  • Nifty  Put O I addition was seen at 15300 followed by 15700 which can act as short term support.
  • Nifty Call O I addition was seen at 15800 followed by 15700.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 34500 followed by 32500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 37500 followed by 34500 which can act as short term resistance.

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Derivatives Daily
Market Wrap14-06-2021

  • Indian shares hit record highs on Friday as investors took a forecast-beating U.S. inflation reading in their stride and more Indian states eased pandemic restrictions, raising hopes for resumption of business activity. There was also some good news on the monsoon front after the India Meteorological Department (IMD) said monsoon rainfall this year would be normal. Nifty index settled up 61.60 points, at 15,799.35, after having hit a high of 15,835.55 earlier in the session.
  • Nifty remained mostly range-bound after gap up opening for the rest of the session. The RSI on the daily chart closed at 69.87, it showed a bearish divergence against price. Which indicates bullish momentum is exhausted. One can consider support near 10 & 20 day EMA which are placed at 15637 & 15444 respectively for existing long positons. While Resistance can be seen near 15860-16060.
  • Nifty  Put O I addition was seen at 15800 followed by 15500 which can act as short term support
  • Nifty Call O I addition was seen at 16200 followed by 15800.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 35000 followed by 34000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 35000 followed by 35500 which can act as short term resistance.

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Derivatives Daily
Market Wrap11-06-2021

  • Indian shares ended notably higher on Thursday, with rate-sensitive banking, financial and realty stocks leading the surge amid the weekly expiration of index futures and option contracts. Global markets were mixed ahead of crucial U.S. CPI data and European Central Bank policy meeting. Nifty index ended the session up 102.40 points, at 15,737.75. The NSE midcap and smallcap indices ended up over 1.5 percent each.
  • Nifty made an Inside Bar pattern on the charts. This also seen as Bearish Harami pattern on the daily chart. Which indicates likely weakness as it happens near the higher levels. However, it will be confirmed only if nifty breaks 15560 in todays session. Moreover, One can consider support near 10 & 20 day EMA which are placed at 15601 & 15407 respectively. While Resistance can be seen near 15780-15860.
  • Nifty  Put O I addition was seen at 15700 followed by 15600 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 34500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 35000 followed by 36000 which can act as short term resistance.

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