Latest news with #SMCGlobalSecuritiesLtd
Hans India
12-05-2025
- Business
- Hans India
Put OI bases shifting to lower bands
The resistance level marginally rose by 200 points to 26,200PE, while the support level fell by 3,300 points to 20,650PE. The latest options data is indicating wider trading range with negative bias for the week ahead. 26,200CE has highest Call OI followed by 25,000/ 26,100/ 25,500/ 24,500/ 24,000/ 24,100 strikes, while 24,000/ 24,100/ 24,050/ 24,600 strikes recorded reasonable addition of Call OI. And no OI fall is seen at any strike. Coming to the Put side, maximum Put OI is visible at 20,650 followed by 24,000/ 22,000/ 22,500/ 23,000/ 22,500/ 23,500 strikes. Further, 20,650/ 24,000/ 24,050/ 23,000 strikes witnessed moderate build-up of Put OI. Modest Put OI fall is seen at deep Put ITM/OTM strikes. Dhirender Singh Bisht, associate vice-president (technical research-equity) at SMC Global Securities Ltd, said: 'In the derivatives market, prominent Call Open Interest for Nifty seen at the 24,000 and 24,500 strikes, while the notable Put Open Interest was at the 24,000 strike. In upcoming session 24,000 level will play an important role in upcoming session.' 'The Indian market declined as geopolitical tensions between India and Pakistan escalated. Uncertainty over a potential conflict in the coming days has made investors nervous. However, positive news last week regarding a trade deal between the US and UK had a favourable impact on the Auto sector. Realty, PSU banks, and pharma turned out to be the major losers on the weekly chart, whereas Auto, Media, and Consumer Durables managed to close in the green,' added Bisht. For the week ended May 9, 2025, BSE Sensex closed at 79,454.47 points, a drop of 1,047.52 points or 1.30 per cent, from the previous week's (May 2) closing of 80,501.99 points. NSE Nifty too declined 338.7 points or 1.39 per cent to 24,346.70 points from 24,039.35 points a week ago. Bisht forecasts: 'Traders are advised to closely monitor news developments in the upcoming sessions for any signs of escalation or de-escalation in tensions between India and Pakistan. In the upcoming sessions, Nifty is expected to face resistance near 24,400, with support around 23,600.' 'Implied Volatility for Nifty's Call options settled at 18.11 per cent, while Put options conclude at 18.72 per cent. The India VIX, a key market volatility indicator, closed the week at 21.01 per cent. The Put-Call Ratio of Open Interest (PCR OI) for the week was 1.21,' said Bisht. Bank Nifty Bank Nifty NSE's banking index closed the week at 53,595.25 points, a fall of 1,520.10 or 2.75 per cent from the previous week's closing of 55,115.35 points. 'For Bank Nifty, the prominent Call Open Iwas seen at the 54,000 strike, whereas notable Put Open Interest at the 54,000 and 53,500 strikes,' remarked Bisht.
Hans India
28-04-2025
- Business
- Hans India
OI bases move up marginally to higher bands
The resistance level declined by 1,250 points to 25,000CE and the support level too eased marginally 350 points to 23,500PE as per latest options data on NSE. The 25,000CE recorded highest Call OI followed by 26,100/ 26,000/ 24,300/ 25,200/ 25,800/ 24,800/ 24,700 / 24,100 strikes, while 24,500/ 24,400/ 25,000/ 24,300 strikes recoded reasonable addition of Call OI. Negligible Call OI fall is visible on select deep ITM strikes. Maximum Put OI is seen at 23,500PE followed by 23,000/ 23,200/ 23,800/ 23,900/ 23,300/ 22,900 strikes. Further, 23,900/ 23,800/ 23,500/ 23,200/ 22,500/ 23,800 strikes posted moderate build-up of Put OI. Moderate Put OI declined at few deep Put ITM strikes. Dhirender Singh Bisht, associate vice-president (technical research-equity) at SMC Global Securities Ltd, said: 'Looking at Nifty's derivatives data, the highest Call Open Interest were observed at the 24,500 and 24,200 strikes, while Put writers were active at the 24,000 and 23,800 strikes.' 'Due to the rise in geopolitical tension after the terror attack in Pahalgam, the Indian market faced pressure at higher levels and closed with minor gains on a weekly basis. The major gainers on the weekly charts were IT, Auto, and Midcap shares, whereas media, consumer durables, and PSEs were the major losers,' added Bisht. For the week ended April 25, 2025, BSE Sensex closed at 79,212.53 points, a further recovery of 659.33 points or 0.83 per cent, from the previous week's (April 18) closing of 78,553.20 points. NSE Nifty too marginally higher by 187.70 points or 0.78 per cent to 24,039.35 points from 23,851.65 points a week ago. Bisht forecasts: 'Traders should closely monitor these key zones and Open Interest trends for further cues on market direction. For the upcoming sessions, Nifty has support at 23,800 followed by 23,500 whereas resistance is placed at 24400-24500 zone.' India VIX rose 5.58 per cent to 17.16 level. Implied Volatility (IV) for Nifty's Call options settled at 15.03 per cent, while Put options concluded at 15.94 per cent. The India VIX, a key indicator of market volatility, concluded the week at 16.25 per cent. The Put-Call Ratio of Open Interest (PCR OI) stood at 1.49 for the week. 'The Nifty rollover rate has slightly up 79.08% from 76.09% last month, but remains below the three-month average of 80.15 per cent, indicating steady momentum for the May series. In contrast, Bank Nifty rollovers stand at 75.05 per cent, down from 76.98 per cent last month and below the three-month average of 79.25 per cent, reflecting comparatively weaker momentum,' remarked Bisht. Bank Nifty Bank Nifty NSE's banking index closed the week at 54,664.05 points, a modest rebound of 373.85 or 0.68 per cent from the previous week's closing of 54,290.20 points.
