Derivative Big Shot-Indian Market View, VOL-023
Finaux Alpha 6 Investment Advisor Pvt Ltd March 03, 2021Nifty Futures: 14983.05 (+1.25%)
Bank Nifty Futures: 35509.00 (+0.52%)
USDINR: 73.60(-0.23%)
India Vix: 23.61 (-7.88%)
FII Data (Approx.)
Institution/Daily Net Position/Monthly Net Position (Derivatives, In Crores...)
FII (+2,223.16) (+2,348.31)
DII (-854.04) -(1048.92)
FII Futures (-4,506) (-6,757)
FII Options (3,108) (+38,487)
Put Call Ratio/Maximum Pain
NIFTY 1.08/14500
BANK NIFTY 0.70/34000
Stocks in the news
Reliance Industries, Bharti Airtel, Vodafone Idea: Reliance Jio acquires 488.35 MHz of spectrum for Rs 57,122.65 crore, Bharti Airtel 355.45 MHz at Rs 18,698.75 crore, and Vodafone Idea with 11.80 MHz for Rs 1,993.40 crore, Telecom Secretary Anshul Prakash said.
Motherson Sumi Systems: CRISIL reaffirmed long term credit rating as AA+ and revised outlook from Negative to Stable.
Nifty- Option Chain
Maximum CE open interest of 37.92 lakhs contracts was seen at 15000 strikes, which will act as a crucial resistance, while maximum PE open interest of 27.85 lakh contracts was seen at 14700 strikes.
Support levels- 14700 & 14630.
Resistance levels- 15130 and 15270.
Bank Nifty- Option Chain
Maximum CE open interest of 11.41 lakhs contracts was seen at 36000 strikes which will act as a crucial resistance, while maximum PE open interest of 8.56 lakh contracts was seen at 35000 strikes.
Support levels- 34650 & 34300.
Resistance levels- 36000 & 36650.
Top Pick
Buy UBL futures above 1210. Stop Loss 1190. Target 1230.
Balkrishna Industries - Profit booked
Auro Pharma (Intraday exited, Rest hold)
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