F&O Market Report for Monday 24 Aug 2020

 

F&O Data Analysis for Monday, 24^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	11382.90	+77.50	+0.69 %	-1.84 %	+11.30	11466.40	11111.00
Nifty Bank	22307.00	+342.75	+1.56 %	-3.87 %	+7.40	22466.15	21394.00

 

Index	Max Pain	Put Call Ratio (Monthly)	Highest OI Call Put	Increase in OI Call Put
Nifty 50	11300	1.29	11500 11000	11600 11300
Nifty Bank	22100	0.93	22500 22000	22500 22000

 

FII Activity in F&O

Type	Today’s Activity Amount (In Cr.)	Overall No. of Contracts (OI)	Overall Amount (Cr.)
Stock Options	-34.89	96319	6852.74
Stock Futures	315.35	1287766	90472.57
Index Options	681.21	663153	52648.36
Index Futures	1236.44	129709	10121.76

 

Overall F&O Cues :-

·         More puts were added in Nifty as well as Nifty Bank

·         However, highest OI stands on Call side on both Index

·         11500 and 22500 acting as major resistance for Nifty and Nifty Bank respectively

·         DIIs are sellers from many days, infact 95% of their position is on sell side

·         FIIs are 55% long on Index Futures

·         However, they are also long in Index Put Options

·         PCR and OI suggests a rangebound movement

·         For Nifty 11000 to 11500 and for Nifty Bank 22000 to 22500 comes out as range

·         Call Unwinding on 11300 strike suggests a bullish move but 11500 is a resistance

·         Global Cues are positive

 

Market looks to be rangebound and looking to find some news flow to trigger on either side.

Heavy selling is seen at upper levels especially for Nifty Bank. The rally seen was short covering rally as OI has decreased significantly.

11450 to 11500 is a major level to watch for Nifty and 22300 to 22500 for Nifty Bank.

This is the range where sellers are very active. Global Markets closed in green after a sharp fall.

As of now, market moves on Monday will give a clear trend.

Initiated a Bearish Call Spread in Nifty Bank for current expiry.

 

AAJ  KA GYAN :-

 

Managing 10 Lakhs and  managing 10 Crores is not at all same.

A lot of people think that if I will get big Money I will easily manage it and my life will be smooth.

But problem is not the money it’s the skill set.

Develop skill set and Money will flow your way.

 

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