Market and Event by Raunaq Singh

images-1-4-1-300x134SGX NIFTY: 11042 (-16). However NIFTY 50 closed at 11035

Market Outlook – Flat with Positive bias. FII continue to buy in the market with large numbers which is positive for the market.

Actionable: Buy Axis Bank, RBL Bank, Reliance industries, UPL.
United Spirits and Indian Hotel are strong buy for Investments.

FII: +1095
DII: -470

DOW: -23

Dollar: 70.15

Gold: $ 1296 per ounce

Crude: $ 65.84 per barrel

10 year US bond rate: 2.63 percent
10 year Indian Bond rate: 7.36 percent

VIX: 14.94

The Bombay High Court refused any temporary relief to Kotak Mahindra Bank and the matter is scheduled to come up for hearing on Tuesday. Any correction in the stock will be good opportunity to buy for Investment.

Derivative View – VIX Closed at 14.94. Put writing is seen at 10900 strike while Call writing is seen at 11100 then 11300 strikes. Option band signifies a trading range in between 10850 to 11200 zone.

SGX NIFTY: 11042 (-16). However NIFTY 50 closed at 11035

Market Outlook – Flat with Positive bias. FII continue to buy in the market with large numbers which is positive for the market.

Actionable: Buy Axis Bank, RBL Bank, Reliance industries, UPL.
United Spirits and Indian Hotel are strong buy for Investments.

FII: +1095
DII: -470

DOW: -23

Dollar: 70.15

Gold: $ 1296 per ounce

Crude: $ 65.84 per barrel

10 year US bond rate: 2.63 percent
10 year Indian Bond rate: 7.36 percent

VIX: 14.94

The Bombay High Court refused any temporary relief to Kotak Mahindra Bank and the matter is scheduled to come up for hearing on Tuesday. Any correction in the stock will be good opportunity to buy for Investment.

Derivative View – VIX Closed at 14.94. Put writing is seen at 10900 strike while Call writing is seen at 11100 then 11300 strikes. Option band signifies a trading range in between 10850 to 11200 zone.

● Nifty index opened negative but consolidated for the most part of the trading session and managed to hold above 11000 zones. It formed a Doji Candle on daily scale while Bullish Candle on weekly chart which implies that decline is being bought into the market

● Now it has to continue to hold above 10985 zones to extend its move towards 11118 then 11200 zones while support exists at 10985 then 10929 zones

● Max Put OI is at 11000 then 10800 strike while Max Call OI is at 11500 then 11300 strike. Minor Put writing is seen at 10900 strike while Call writing is seen at 11100 then 11300 strikes. Option band signifies a trading range in between 10888 to 11200 zones

● India VIX fell down by 2.29% at 14.94 levels. Now, VIX has to continue to hold below 16-15 zones to get the smooth ride in the market

● Bank Nifty formed an Inside Bar on daily scale as it consolidated in the previous day’s trading range while on the weekly scale it has managed to give consolidation breakout after 10 weeks

● Now it has to continue to hold above 27500 zones to witness an up move towards 28000 zones while support exists at 27500-27350 zones

● Longs in NTPC, BEML, Just Dial and RBL Bank

● Shorts in Wipro, Arvind, ONGC and Coal India

● Nifty index opened negative but consolidated for the most part of the trading session and managed to hold above 11000 zones. It formed a Doji Candle on daily scale while Bullish Candle on weekly chart which implies that decline is being bought into the market

● Now it has to continue to hold above 10985 zones to extend its move towards 11118 then 11200 zones while support exists at 10985 then 10929 zones

● Max Put OI is at 11000 then 10800 strike while Max Call OI is at 11500 then 11300 strike. Minor Put writing is seen at 10900 strike while Call writing is seen at 11100 then 11300 strikes. Option band signifies a trading range in between 10888 to 11200 zones

● India VIX fell down by 2.29% at 14.94 levels. Now, VIX has to continue to hold below 16-15 zones to get the smooth ride in the market

● Bank Nifty formed an Inside Bar on daily scale as it consolidated in the previous day’s trading range while on the weekly scale it has managed to give consolidation breakout after 10 weeks

● Now it has to continue to hold above 27500 zones to witness an up move towards 28000 zones while support exists at 27500-27350 zones

● Longs in NTPC, BEML, Just Dial and RBL Bank

● Shorts in Wipro, Arvind, ONGC and Coal India

Raunak Singh 9830774198

Raunak Singh
9830774198

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