F&O Market Report for Thursday 13 Aug 2020

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F&O Data Analysis for Thursday , 13^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	11314.75	-29.60	-0.26 %	+5.21 %	6.35	11376.75	10883.40
Nifty Bank	22290.85	-5.50	-002 %	+8.34 %	26.85	22389.90	21085.35

 

Index	Max Pain	Put Call Ratio (Weekly)	Put Call Ratio (Monthly)	Highest OI Call Put	Increase in OI Call Put
Nifty 50	11250	1.12	1.53	11500 11200	11300 11300
Nifty Bank	22100	0.98	0.90	22500 22000	22400 21800

  

Overall F&O Cues :-

·         Addition of 12190 contracts on 11300 CE and addition of 11096 Contracts on 11300 PE suggests expiry around 11300

·         Selling pressure in last half-an-hour suggests a expiry below 11300 level

·         India VIX cooling down to 20 levels is, however, positive as volatility will be on expiry day

·         PCR at 1.12 levels suggests a balanced market movement, i.e. neither a big down move nor big up move

·         Max Pain estimates expiry somewhere near 11250

·         Increase in OI on 22400 CE and 22000 PE suggests expiry between this range

 

AAJ  KA GYAN :-

It is very difficult to get family support if you are thinking to make career in Trading.

Trading is still considered “JUAA” in most parts of India, especially when you are a CA/MBA/Doctor.

If you wife/parents/husband support your dream to become a trader, you are a lucky one.

DON’T DISAPPOINT THEM.

 

Overall, market looks bullish in short term with 11000 and 21500 as major support for Nifty and Nifty Bank respectively.

Breach of above levels will confirm the bearish phase in Indian Markets. Global Cues still remains positive.

Heavy selling in Gold and Silver may lead to some cash inflows in Equity Markets.

Currently maintaining the Bull Put Spread in which significant profits are accrued.

 

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