WISE-MONEY:
Nifty is expected to remain in the range of 5300-5500 levels this week with slightly negative bias. The options concentration continues to be at 5300-strike put option with an open interest of above 99 lakhs shares. Among call options, the 5600-strike holds the highest open interest of above 86 lakh shares followed by the 5500-strike call with above 75 lakh shares. Above discussed option data indicates put writing at 5300 strikes and call writing at 5500 and 5600 strike. The put-call ratio of open interest marginally increased closing at 1.58 levels. The implied volatility (IV) of call options closed lower 15.89% while the average IV of put options ended at 15.92%. Nifty VIX is trading flat and it is likely to rise in coming week. The Nifty index may find intermediate support around 5300 levels and resistance near 5480-5550 levels.
Put Call Ratio Analysis :The Put-Call (open interest) ratio of Nifty has increased to 1.58 from 1.42. At the end of week, the maximum stocks had a positive trend of change in put call open interest ratio.
Implied Volatility Analysis :The Implied Volatility (IV) for Nifty futures this week has decreased to 15.89% from 16.04%. The IV of the stock futures has changed this week ranging from -7.68% to 11.05%.
Open Interest Analysis :The open interest for the index at the end of this week has increased by 11.65% as compared to the previous week. All future stocks saw changes in their open interest ranging from -4.45 to 55.62. ONGC has the maximum increase in open interest as compared to other stocks.
INDIAN INFOLINE (IIFL):
Indian indices inched higher but the NSE Nifty failed to cross the psychological barrier of 5500 as trading activity was restricted in a narrow band of 5,430-5,480. Trading volume were disappointing throughout the week. Mixed earnings and rich valuations kept investors away from the markets. The broader market saw a lot of action. Finally, the Nifty added 1.3% to close the week at 5,439.
Indian indices inched higher but the NSE Nifty failed to cross the psychological barrier of 5500 as trading activity was restricted in a narrow band of 5,430-5,480. Trading volume were disappointing throughout the week. Mixed earnings and rich valuations kept investors away from the markets. The broader market saw a lot of action. Finally, the Nifty added 1.3% to close the week at 5,439.
Fundamental Call: Buy Andhra Bank (CMP Rs. 143) for a target of Rs. 168
Technical Call: Buy Educomp (CMP Rs. 617) above Rs. 622 with stop loss of Rs. 600 for a target of Rs. 670 and Rs. 680.
Technical Call: Buy Educomp (CMP Rs. 617) above Rs. 622 with stop loss of Rs. 600 for a target of Rs. 670 and Rs. 680.
Buy Mphasis (CMP Rs. 620) above Rs. 624.50 with stop loss of Rs. 605 for Target of Rs. 665.
