F&O Market Report for Wednesday 19 Aug 2020

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F&O Data Analysis for Wednesday, 19^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	11405.40	+137.20	+1.22 %	3.36 %	20.05	11417.45	10912.35
Nifty Bank	22200.00	+466.00	+2.14 %	-4.69 %	29.40	22443.95	21106.05

 

Index	Max Pain	Put Call Ratio (Weekly)	Put Call Ratio (Monthly)	Highest OI Call Put	Increase in OI Call Put
Nifty 50	11300	1.36	1.59	11400 11300	11400 11300
Nifty Bank	22000	1.07	1.05	22500 21500	23000 22000

  

Overall F&O Cues :-

·         Heavy short covering seen in Nifty Bank which led today’s rally in Markets

·         Premiums came back on Nifty as well as Nifty Bank which were eroded during the day

·         More puts are added in Nifty and Nifty Bank

·         Call Unwinding seen below 11300 and addition of OI on 11300 was seen

·         11300 and 22000 will now act as major support for Nifty and Nifty Bank respectively

·         Addition of OI on 22000 PE makes it a big support for this week

·         22500 still holds maximum OI which will act as resistance

·         India VIX is cooling down to 20 levels which is positive

 

Overall markets are bullish as of now. 11500 level may be achieved soon if Nifty Bank supports the move.

For tomorrow 11300 and 22000 are key levels to watch for Nifty and Nifty Bank.

Global cues were neutral and DIIs were still selling but we managed to outperform.

Correlation of Indian Markets with US markets are reducing, we seem to react over cheap Dollar prices.

Currently holding Bullish Put Spread in Nifty Bank which is yielding a good profit, will hold till expiry.

 

AAJ  KA GYAN :-

If you don’t have anything to trade, don’t do “Khujali” trade as loss is real.

Let the trade come to you. Don’t chase. If you just check your past best trades it always called you to trade and not you got when you were searching for trade.

 

 

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