F&O Market Report for Tuesday 18 Aug 2020

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F&O Data Analysis for Tuesday, 18^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	11281.00	+94.30	0.84 %	5.36 %	+33.90	11397.70	10883.40
Nifty Bank	21785.00	+116.20	0.54 %	-0.50 %	+84.15	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	1.13	1.46	11500 11000	11550 11200
Nifty Bank	21800	0.81	0.88	22500 21500	22000 21400

  

Overall F&O Cues :-

·         Premiums on Nifty as well as Nifty Bank increased by the end of the day

·         Heavy Call unwinding on 11300 and 11350 are positive for markets

·         Addition of 13871 Contracts on 11200 PE which is highest increase in OI is positive for Nifty

·         PCR around 1.13 is well maintained i.e. markets are neither overbought nor oversold

·         21500 PE has highest OI on put front which will act as major support

·         Increase in OI on 22000 CE makes it a resistance for Nifty Bank for coming days

·         More puts are added than calls

·         Nifty is likely to test 11400 in coming days and 11200 will be a big support

·         For Bank Nifty 22000 will be the deciding point, crossing 22000 with heavy volumes will be bullish signal in Nifty Bank

·         PCR for Nifty Bank is also balanced

·         India VIX is at 21.31, made a high of 22.88 and low of 19.56 for the day.

 

Overall, markets look positive for tomorrow with 11200 and 21500 as major support for Nifty and Nifty Bank respectively.

Global Markets indicated a positive opening but the same was blown out in about 30 mins of trading. Nifty Bank fell from high of 21925 to 21500 levels within 30-40 mins.

In today’s session Nifty Bank (Fut) made a low of 21394 and recovered back to around 21800 levels which shows heavy buying at lower levels.

 

Nifty looks positive, while Nifty Bank is facing resistance at around 22000 zone.

Currently maintaining Bullish Put Spread which slightly below cost, will hold for a day or two.

 

 

AAJ  KA GYAN :-

When you are in a trade, if you watch every tick, every candle, every pullback and everyone else’s opinion, you will undoubtedly find a reason to sell before your trading strategy tells you.

 

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