Derivative Big Shot-Indian Market View, VOL-025

Nifty Futures: 15,108.00 (-1.25%)

Bank Nifty Futures: 35885.20 (-1.66%)

USDINR: 72.99 (-0.35%)

FII Data (Approx.)

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

FII (-223.11) (+4,213.90)

DII (-788.19) (-1,444.20)

FII Futures (-285.00) (+2224)

FII Options (-1,674.00) (-2,082)

Put Call Ratio/Maximum Pain

NIFTY 1.24/14500

BANK NIFTY 0.89/34000

Stocks in the news

Wipro: The company has signed an agreement to acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in America, Europe and the Asia Pacific.

Nifty- Option Chain

Maximum CE open interest of 34.75 lakhs contracts was seen at 15200 strikes, which will act as a crucial resistance, while maximum PE open interest of 24.77 lakh contracts was seen at 14800 strikes. 

Support levels- 14865 & 14750.

Resistance levels- 15300 & 15422.

Bank Nifty- Option Chain

Maximum CE open interest of 11.41 lakhs contracts was seen at 36500 strikes which will act as a crucial resistance, while maximum PE open interest of 8.56 lakh contracts was seen at 34500 strikes. 

Support levels- 35081 & 34655.

Resistance levels- 36684 & 37044.

Top Pick

Buy Bank Nifty 35000 CE around 600. Stop loss below 300. Target 1200. (Wait for levels)

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