F&O Market Report for Monday 17 Aug 2020

 

Nd111

F&O Data Analysis for Monday , 17^th Aug 2020

This blog contains information and major data points regarding Futures and Options which may be helpful in taking positions or day trades in Markets.

Our major focus will be on Nifty 50 and Nifty Bank. It is recommended to use Desktop-Version of site for better view. And don’t forget to read “AAJ KA GYAN” at the end.

 

Futures and Options data of Index.

Index	Last Price	Chg(Rs.)	Chg(%)	Chg in OI(%)	Prem./Dis.	14-Day High	14-Day Low
Nifty 50	11186.15	-131.20	-1.16 %	-1.87 %	7.75	11397.70	10883.40
Nifty Bank	21668.85	-520.65	-2.35 %	2.84 %	-10.55	22443.95	21085.35

 

Index	Max Pain	Put Call Ratio (Weekly)	Put Call Ratio (Monthly)	Highest OI Call Put	Increase in OI Call Put
Nifty 50	11200	0.74	1.48	11300 11000	11300 11000
Nifty Bank	21900	0.68	0.86	22500 21500	22000 21000

  

Overall F&O Cues :-

·         Heavy put unwinding on 11300 and 22000 seen in Nifty and Nifty Bank

·         Markets were not overbought but a sharp fall in Global Markets led to fall in Indian Makets

·         Reason still remains unknown

·         Global Markets came back to same levels from where they fell

 

·         Dow Jones closed in positive territory. SGX Nifty was up about 60-70 points which is positive for Monday

·         21000 and 21500 acted as support in Nifty Bank. However 21500 was breached in Intraday but heavy buying took the index to 21700 levels

·         Max Pain and Put Call Ratios are showing somewhat bearish signs as of now

·         Addition of OI on 22000 CE and 11300 CE shows some resistance at these levels

·         11100 will act as major support for Nifty

·         More Calls are added in both Nifty as well as Nifty Bank

 

Overall, markets were positive but a sharp fall in Global Markets was seen which was covered up at the EOD. Nifty Bank was at 15 day’s high from where it fell sharply coming to low of 8-10 days.

Decrease in Price followed by Decrease in Open Interest in Nifty shows that the Bearish trend made on Friday could probably end on Monday. We can expect a good reversal from this levels as Ameican Markets closed in green.

After the fall Premiums were seen in Nifty Futures which was eroded during the fall which is positive point.

Just before markets started falling, did a Bullish Put Spread (averaged at higher level) which is currently yielding a loss but with hope for premiums to come down on Monday, still holding the position.

 

AAJ  KA GYAN :-

Selling too early – Leaving money on the table – Unsatisfied

Holding too long – Leaving money on the table – Unsatisfied

Not Buying – Stock Moves Higher – Unsatisfied

We torture ourselves when we chase perfection. Keep grinding and don’t be afraid to move on from trades.

There’s always another bus!

 

Hope it helps. Don’t forget to share yours thoughts on Twitter @ The_HKD