Derivative Big Shot-Indian Market View, VOL-020

SGX Nifty dowm almost 300 points; Don't jump for aggressive buying in the Index futures.

Learning Quote: An option contract that can be exercised anytime within the date of expiration is called an American option. All stock options are American options. The American options are more expensive than the European option because of the flexibility to exercise them any time.

Nifty Futures: 15099.30 (+0.70%)

Bank Nifty Futures: 36548.30 (0.22%)

USDINR: 72.73 (0.13%)

India Vix: 22.89 (-5.30%)

FII Data (Approx.)

Institution/Daily Net Position/Monthly Net Position (Derivatives, In Crores...)

FII (+188 cr) (+50339 cr)

DII (-746.570 cr) (-17857 cr) 

FII Futures (+951 cr ) (-1198 cr)

FII Options (+4431 cr) (+24537 cr)

Put Call Ratio/Maximum Pain

NIFTY 1.28/15050

BANK NIFTY 0.96/36600

Stocks in the News

RailTel Corporation of India: The company will list its equity shares on February 26. The issue price has been fixed at Rs 94 per share.

KSB: The company reported profit at Rs 32 crore in Q4CY20 against Rs 32.6 crore in Q4CY19, revenue rose to Rs 369.9 crore from Rs 337 crore YoY. The company recommended Rs 8.5 per share of Rs 10 each as dividend for the year ended December 2020.

Hatsun Agro Product: The company commenced commercial production at Solapur facility, Maharashtra.

Elecon Engineering: Promoter entity Prayas Engineering released pledge on 5.56% equity.

Vesuvius India: The company reported lower profit at Rs 16.24 crore in Q4CY20 against Rs 22.70 crore in Q4CY19. Revenue rose to Rs 234.46 crore from Rs 228.09 crore YoY.

Rain Industries: The company reported higher consolidated profit at Rs 321.98 crore in Q4CY20 against Rs 121.6 crore in Q4CY19, while revenue fell to Rs 2,640.2 crore from Rs 2,830.38 crore in the corresponding period of the previous fisca

Nifty- Option Chain

Maximum CE open interest of 12.50 lakhs contracts was seen at 15200 strikes, which will act as a crucial resistance, while maximum PE open interest of 8.25 lakh contracts was seen at 14900 strikes. 

Nifty has key support levels for the day are 15050 followed by 14900. If the index moves up, the key resistance levels to watch out for the level of 15200 and 15300.

Bank Nifty- Option Chain

Maximum CE open interest of 3.37 lakhs contracts was seen at 37000 strikes which will act as a crucial resistance, while maximum PE open interest of 32 thousand contracts was seen at 35500 strikes. 

Bank Nifty has key support levels for the Bank Nifty are 36000 followed by 35500. If the index moves up, the key resistance levels to watch out for are 37500 and 37800.

No fresh top pick for the day... If anything major seems then surely we will update during market hours. Today is the weekly as well as monthly closings. So we will wait for the settlement. Don't miss to read our monthly big shot to know about the market trend in the month of March 2021.

Read disclaimer before investing. For more details, Contact your RM