F&O Market Report for Monday 7 Sept 2020

+++++

F&O Data Analysis for Monday, 7^th Sept 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	11375.00	-167.80	-1.45 %	-0.26 %	+41.15	11794.45	11309.80
Nifty Bank	23084.00	-463.20	-1.97 %	-4.04 %	+72.50	25270.00	22349.60

 

Index	Max Pain	Put Call Ratio (Weekly)	Put Call Ratio (Monthly)	Highest OI Call Put	Increase in OI Call Put
Nifty 50	11400	0.72	1.24	12500 11000	11500 11000
Nifty Bank	23200	0.69	0.90	24000 21000	23500 21000

 

Option Premium Comparison

Nifty Bank

Range (Above/Below)	Call Premium	Put Premium	Highest Premium
800 Points	Rs.142.00	Rs.115.00	Call
1000 Points	Rs.103.30	Rs.87.25	Call
1200 Points	Rs.74.00	Rs.65.90	Call

 

FII Activity in F&O

Type	Today’s Activity Amount (In Cr.)	Overall No. of Contracts (OI)	Overall Amount (Cr.)
Stock Options	-22.36	83,522	5888.41
Stock Futures	-603.26	11,94,320	84377.92
Index Options	65.03	6,92,043	54490.95
Index Futures	-696.11	1,25,885	10006.38

 

*FIIs are 53.62% Long on Index futures and 56.81% Long on Stock Futures.

 

Overall F&O Cues :-

·         More calls were added in Nifty and Nifty Bank

·         11500 for Nifty & 23500 for Nifty Bank are acting as a major resistance

·         11300 and 23000 to act as minor support for Nifty and Nifty Bank respectively

·         Good time to sell calls with hedge

·         Both FIIs and DIIs turned net sellers in Cash Markets

·         Some longs were made during the day but were unwound by the end of the day

·         Premiums resumes in both the Indexes

·         PCR is in slight oversold trajectory but not much

 

Market opened gap down on Friday due to Global Cues. American Markets crashed heavily due to Profit booking

Nifty Bank looks bearish. Moratorium Case is to be heard in SC on 10^th September. SC said Banks to not to consider accounts as NPA until further notice for all accounts which were not NPA as of Aug 31.

India VIX rose about 8% to 22.15 level.

FIIs have cut their longs in Index and Stocks.

Upside as of now looks limited. Major upmove can only come above 11500 levels in Nifty.

6 IPOs are about to come this month: Happiest Minds, ANGEL Broking, CAMS, Chemcon Speciality, Route Mobiles, UTI AMC.

 

AAJ  KA GYAN :-

 

She sits on a Lotus, which floats.

You cannot chase something that floats.

It will only move away further.

You have to do the right things, and hope she floats towards you.

 

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