Derivative Big Shot-Indian Market View, VOL-024

Nifty Futures: 15300.00 (+2.29%)

Bank Nifty Futures: 36485.00 (+2.91%)

USDINR: 72.87(-0.51%)

India Vix: 22.09 (-6.42%)

FII Data (Approx.)

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

FII (+2,088.70) (+4,437.01)

DII (+392.91) (-656.01)

FII Futures (-4,506) (-6,757)

FII Options (3,108) (+38,487)

Put Call Ratio/Maximum Pain

NIFTY 1.31/14500

BANK NIFTY 1.13/34000

Stocks in the news

IRCTC: The company will operate trips through Golden Chariot from March 14.

Nifty- Option Chain

Maximum CE open interest of 37.92 lakhs contracts was seen at 15500 strikes, which will act as a crucial resistance, while maximum PE open interest of 27.85 lakh contracts was seen at 15000 strikes. 

Support levels- 14900 & 14830.

Resistance levels- 15500 and 15680.

Bank Nifty- Option Chain

Maximum CE open interest of 11.41 lakhs contracts was seen at 37200 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- 35300 & 35000.

Resistance levels- 37200 & 37800.

Top Pick

Buy SBIN futures around 402. Stop Loss 395. Target 420.

UBL – Profit Booked

Auro Pharma (Intraday exited, Rest hold)

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