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Options data denotes wider trading range
OTM strikes above 22,300PE witnessed offloading OI, while several ITM and OTM strikes on Call side witnessed moderate OI fall
22,021-22,187 zone crucial for near term
Stay focused on stock-specific activity, and be with mid- and large-caps; An indecisive candle at the lifetime high needs confirmation for bearish...
OI bases moving to higher bands
Put-Call Ratio of Open Interest at 1.17 indicating more Put writing than Calls, which is a bullish sign
Distributed OI bases point to wide-range trading
The resistance level rose by 700pts to 22,000CE and the support level was up by 250pts to 21,500PE
Excessive speculation in low grade stocks an area of concern, say...
An area of concern is the excessive speculation in low-grade stocks where many are doubling in a few days. These excesses of a bull market warrant...
Nifty forms bearish engulfing candle
Avoid long positions as bearish engulfing candle at a lifetime high is not a good signal; Last Friday’s surprise sharp upside move failed to get a...
Be a trend follower on Interim Budget Day
Crossing the level of 72,000 would help the market to move towards 72,450 and 72,900 levels. Below the level of 71,500, the market would turn weak and...
Positive momentum likely till Budget
Stay vigilant on both sides as any negative surprises will hurt the sentiments and expect volatile moves