F&O Market Report for Thursday 20 Aug 2020

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F&O Data Analysis for Thursday, 20^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	11428.00	29.45	+0.26 %	-6.23 %	19.60	11466.40	11063.35
Nifty Bank	22313.00	114.80	+0.52 %	-6.10 %	27.10	22466.15	21370.00

 

Index	Max Pain	Put Call Ratio (Weekly)	Put Call Ratio (Monthly)	Highest OI Call Put	Increase in OI Call Put
Nifty 50	11300	1.23	1.61	11500 11300	11500 11400
Nifty Bank	22200	1.05	1.01	22500 22000	22600 22300

  

Overall F&O Cues :-

·         More puts were added in Nifty while more calls were added in Nifty Bank

·         Nifty looks ready to test 11500 level while 22500 remains major resistance for Nifty Bank

·         Short Covering was seen on both the Index

·         PCR in Nifty might make it overbought in coming week

·         22500 has highest OI in Nifty Bank which need to be broken with volumes for more upmove

·         Addition of 20216 Contracts on 11400 PE suggests more upmove for Nifty for tomorrow

·         AGR hearing may make tomorrow’s session very volatile

·         PCR for current week is balanced

·         India VIX closed below 20

 

Overall Nifty looks bullish while Nifty Bank is facing a resistance at 22500.

S&P 500 and Nasdaq are making all time highs, so global cues remains positive.

Short-coverings in Nifty Bank led it to levels of 22450 today where it faced resistance, 22500 remains key level to watch for coming days.

Currently holding Bullish Put Spread in Nifty Bank, which will be squared-off tomorrow.

 

AAJ  KA GYAN :-

तूफान ज्यादा हो तो कश्तियां भी डूब जाती है ओर

अहम ज्यादा हो तो... हस्तिया भी डूब जाती है

 

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