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Mint
26 minutes ago
- Mint
Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 21 August expiry
The Indian stock market extended gains and traded higher on Thursday, lifted by gains in IT and banking stocks, amid upbeat global market cues. The benchmark Sensex gained over 100 points, while Nifty 50 traded above the 24,600 level. Wipro, Infosys, HDFC Life Insurance Company, Eternal and Bharti Airtel were among the top gainers in the Nifty 50 constituents, while Tata Steel, Adani Ports & SEZ, Bharat Electronics, Hindalco Industries and Ultratech Cement were the top index losers. In the previous session, the domestic benchmark indices ended with decent gains. The Sensex gained 304.32 points, or 0.38%, to close at 80,539.91, while the Nifty 50 settled 131.95 points, or 0.54%, higher at 24,619.35 on Wednesday. The highest Nifty Open Interest (OI) on the Call side is at the 24,700 strike, followed by 24,600 which could act as resistance levels. On the Put side, the highest Open Interest is at 24,500, followed by 24,400 which may serve as support levels, Axis Securities said in a note. The premium for the At-the-Money option is ₹ 301, indicating a likely trading range for the week between 24,300 and 25,000, it added. Axis Securities has suggested a Bull Call Spread strategy for Nifty options contracts expiring on 21 August 2025, forecasting a moderately bullish view. A bull call spread strategy involves buying a call option with a strike price slightly lower than current market price of the underlying asset, which is Nifty 50, and simultaneously selling another call option with a higher strike price (out-of-the-money), both with the same expiration date. This strategy is applied when the outlook is moderately bullish. Buy 1 lot of Nifty 24,650 Call at ₹ 155 - ₹ 165 Sell 1 lot of Nifty 24,850 Call at ₹ 75 - ₹ 85 The strategy involves buying one lot of the 24,650 strike Call Option and simultaneously selling one lot of the 24,850 strike Call Option. According to Axis Securities, the maximum potential risk for this Nifty options trading strategy is ₹ 6,000, whereas the potential maximum reward is ₹ 9,000. 'Traders may consider deploying this spread strategy to achieve moderate returns while maintaining controlled risk and reward,' said the brokerage firm. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
26 minutes ago
- Time of India
RBI may cut rates if GDP prints come lower: HSBC Mutual Fund
Reserve Bank of India's Monetary Policy Committee might reduce policy rates. This could happen if GDP data is lower than expected. Aggressive rate cuts by the US Federal Reserve could also trigger this. The RBI expects government security rates to remain stable. Corporate bonds are currently offering favorable spreads. The central bank will likely maintain ample liquidity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Reserve Bank of India 's Monetary Policy Committee (MPC) could consider reducing policy rates further if upcoming GDP data comes in lower than expectations and the US Federal Reserve begins aggressive rate cuts due to a weaker labour market, according to a report by HSBC Mutual Fund For FY26, the RBI-MPC, in its latest policy meeting has kept the GDP growth projection at 6.5 per cent. Quarterly GDP growth is projected at 6.5 per cent in Q1, 6.7 per cent in Q2, 6.6 per cent in Q3, and 6.3 per cent in central bank had also decided to leave the repo rate unchanged at 5.50 per cent and maintained its neutral stance. The decision comes after frontloaded cuts of 100 basis points in earlier MPC highlighted that it opted for a pause in view of the recent rate reductions, while also recognizing that global uncertainties and tariffs pose risks to growth. However, it downplayed the likely impact of these risks on report stated "Any possible room for further easing may open up if GDP prints come lower than expectations".In its outlook, the report stated that the MPC is likely to remain data dependent. Any further room for easing could open up if economic growth underperforms expectations and if the US Fed begins aggressive rate cuts to address weaker labour market such triggers emerge, government securities (G-Sec) rates are expected to remain range report said it believes liquidity will continue to be the main driver of yields. The RBI is expected to keep providing ample liquidity in the banking system to ensure that the benefits of earlier rate cuts are fully present, corporate bonds in the 2-4 year segment are offering favourable spreads of 65-75 basis points over Indian government bonds (IGBs), and these are likely to benefit from spread the easing cycle nearing its end, focus is likely to remain on corporate bonds to capture the carry, and the report indicated an overweight position on 2-4 year corporate ahead, the report mentioned that RBI-MPC is expected to take a calibrated approach by the end of calendar year 2025, particularly as inflation is projected to remain benign until the fourth quarter of conditions are also expected to stay comfortable, with cash reserve ratio (CRR) cuts set to take effect in one month, helping previous policy easing feed through into lower borrowing report added that a potential rate cut by the US Fed from September could give the RBI more room to act. With inflation staying benign, India's growth story will remain the key focus at the upcoming policy RBI Governor, during the press conference, has reiterated that policy decisions will be made on a meeting-by-meeting basis and will remain dependent on incoming data.
Mint
26 minutes ago
- Mint
Government bonds hold firm ahead of debt auction, RBI liquidity operation
Indian government bonds traded in a narrow range on Thursday, August 14, as market participants awaited the scheduled debt auction for signals on the future trajectory of yields. According to a Reuters report, the benchmark 10-year bond yield stood at 6.4826% at 10:00 a.m., which is marginally higher than Wednesday's close of 6.4811%. The government aims to raise ₹ 28,000 crore ($3.20 billion) through the sale of a 5-year bond and a new 30-year security. Traders stated that the auction will be closely monitored as a test of appetite for long-term notes. 'Pre-policy, we had seen strong participation from banks in the longer end. If that repeats today, government securities should sustain current levels,' a fund manager at an asset management company told Reuters. 'Today's auction will be a deciding factor for volatility or recovery of bonds.' The market activity is also expected to remain subdued ahead of the long weekend, with the local debt market closed on August 15, 2025, for the occasion of Independence Day. Any intraday dips could prompt opportunistic buying, traders added. Furthermore, later in the day, the Reserve Bank of India (RBI) will conduct an eight-day variable rate reverse repo auction. This will be done with an objective to absorb ₹ 2 lakh crore from the banking system. Liquidity surplus remains elevated at ₹ 2.9 lakh crore or over 1% of deposits as of August 14, 2025. Overnight index swap (OIS) rates continued to witness, receiving interest, with traders factoring in at least one rate cut in 2025. Hence, softening US Treasury yields and growing bets on a September Federal Reserve cut are also keeping the sentiment balanced for longer-duration rates. The one-year OIS rates fell by 1 basis point to 5.4950%, whereas the two-year rate held steady at 5.44%. The actively traded five-year OIS rate slipped over 1 basis point to 5.6325%. (With inputs from Reuters) Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
