“So, from a derivative standpoint, 25,000 is a crucial support, whereas from a technical perspective 25,200 is something where we are expecting markets to take support and once we have some positive development on the upside, the moment we cross 25,550, 25,600 that is when fresh momentum can also come back. So, at this point … Read more
“So, all this put together, along with the few pointers which you just mentioned, which Ansh just mentioned that the open interest has come down by 2% in Nifty futures,” says Sudeep Shah, SBI Securities.Firstly, to understand this bounce back that we are seeing in trade today, do you expect that to sustain?Sudeep Shah: In … Read more
“Singapore exchange alone has an open interest of close to about 10 billion US dollars. And this 10 billion US dollars, which is almost five times of the exposure on the Indian Nifty Futures, is now going to completely switch to the NSE-IFSC exchange or the NSE International Exchange at GIFT City,” says V Balasubramaniam, … Read more
Strategy PositionsSell 27th April Nifty 17900 Call at 121-125 & Sell 27th April 17900 Put at 136-140, Target: 100, Stoploss: 360 Time Frame: till expiry.RationaleThe Nifty extended its gains by another 1% in a truncated last week and tested our targets of 17800, driven largely by short covering. Once again, financial stocks were major gainers … Read more
Nifty: Bull Call Spread Buy 1 lot Nifty 15 December 18500 Call at 101 & Sell 1 lots 15 December 18700 Call at 32, Total premium out-flow: 69; Target: 120; Stop Loss: 5. Rationale The Nifty took some breather and closed a tad below 18500 levels losing 1% during the week. Despite gains of more … Read more
The fact that we have closed or are just marginally above the 17500 mark indicates that it could probably be the next pivot support for the index, says independent market expert Kunal Bothra. Edited excerpts: The markets opened at the day’s low and then it closed at the day’s high with hardly any volatility seen … Read more
Statistically, May has been a month when foreign institutional investors (FIIs) usually sell in the cash market, true to the saying ‘ Sell in May and go away’. However, this time, the developed country ‘bond’ market trigger and the following dollar index breach of the 100-mark made it necessarily a sell for the Indian markets. … Read more
NEW DELHI: NSE on Tuesday said a spike in Nifty futures trades on Monday was due to a manual order placed by a trading member at a significantly higher price than the prevailing price in the market. The National Stock Exchange (NSE) said that its systems functioned normally and asked the concerned trading member to … Read more
Domestic stocks looked set to take a breather start on Wednesday ahead of the outcome of the US Fed policy meeting scheduled for later in the day. Asian markets traded largely mixed after a flat closing for US stocks overnight. At home, stocks of Axis Bank, Maruti, Britannia would be in focus following their Q4 … Read more
By Chandan Taparia Nifty opened positive near the 10,800 mark on Tuesday, but failed to hold at higher levels and drifted towards the 10,690 mark in first half of the session. However, the index witnessed a decent recovery of 100 points from lower levels as the bulls took the opportunity to buy the decline. The … Read more