Derivatives update

*Derivatives update*

 Derivatives update for Friday, 19 May 2023.

India VIX was down by 2.33% from 13.10 to 12.79 levels. Volatility had sunk in the initial tick but later spiked and caused swings in the market.

Nifty *Put/Call Ratio* (OI) increased from 0.83 to 0.93 level. 

On Option front, monthly Maximum Call OI is at 18200 then 18300 strike while Maximum Put OI is at 18200 then 18000 strike. Call writing is seen at 18200 then 18300 strike while minor Put writing is seen at 18100 then 18000 strike.

*Option data suggests a broader trading range in between 17900 to 18400 zones while an immediate trading range in between 18000 to 18300 zones.*

For weekly Bank Nifty, Maximum Put OI is at 42000 then 43000 strike and maximum Call OI is placed at 44000 then 44500 strike. We have seen Call writing 44000 and Put writing is witnessed at 40000 strike. 

Bank Nifty Put Call Ratio increased from 0.83 to 1.01 Implied volatility fell from 14.6 to 14.4 levels.

Bank Nifty (CMP 43,752)

Data setup for Bank Nifty suggests a trading range in between *43333/43500 to 44000/44144 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, position unwinding in index options and short built up in stock futures.

In the cash market, FIIs were net buyers to the tune of 970 crores while DII’s were net sellers worth 850 crores. FIIs Index Long Short Ratio increased to 49.06%.

Derivatives data and price set up suggests, till Nifty holds below 18181 zones, some more profit booking could be seen towards 18081 and 18018 zones while on the upside hurdle exists at 18218 and 18333 marks.

Till Bank Nifty holds below 44000 zones, bounce could be sold for some weakness towards 43500 then 43333 levels while on the upside hurdle is seen at 44000 then 44144 marks.

Thank you. Have a great trading day and weekend ahead..!!

Derivatives update 25/04/2023

*Derivatives update*

Good morning !!

Tuesday, 25th April 2023.

India VIX was up by 0.32% from 11.63 to 11.66 levels. Volatility spiked above 12 zones but later sunk and has overall has dried up to consistently hover at its lower zones.

Nifty *Put/Call Ratio* (OI) increased from 0.93 to 1.13 level. 

On Option front, Maximum Call OI is at 18000 then 17800 strike while Maximum Put OI is at 17700 then 17600 strike. Minor Call writing is seen at 17800 then 17900 strike while Put writing is seen at 17700 then 17600 strike.

*Option data suggests a shift in trading range in between 17500 to 18000 zones while an immediate trading range in between 17600 to 17900 zones*

For weekly Bank Nifty, Maximum Put OI is at 42500 then 42000 strike and maximum Call OI is placed at 44000 then 43000 strike. We have seen Call writing 42700 with unwinding at 42300 and significant Put writing is witnessed at 42500 strike. 

Bank Nifty Put Call Ratio increased from 0.78 to 1.25. Implied volatility rose from 13.2 to 13.8 levels.

Bank Nifty (CMP 42,635.75)

Data setup for Bank Nifty suggests a trading range in between *42000/42250 to 43000/43200 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, call selling and put buying in index options and short built up in stock futures.

In the cash market, FIIs were net sellers to the tune of 412 crores while DII’s were net buyers worth 1177 crores. FIIs Index Long Short Ratio increased to 43.79%.

Derivatives data and price set up suggests, Nifty needs to hold above 17717 zones to witness an up move towards 17777 and 17850 zones while on the downside supports are placed at 17620 and 17550 marks.

Bank Nifty has to hold above 42500 zones for an up move towards 43000 then 43200 levels while on the downside support shift higher 42250 then 42000 zones.

Thank you. Have a great trading day ahead..!!

Derivatives update

*Derivatives update*

Good morning !!

Derivatives update for Monday, 24th April 2023.

India VIX was down by 2.60% from 11.94 to 11.63 levels. Volatility has sunk and overall has dried up and consistently hovering at its lower zones.

Nifty *Put/Call Ratio* (OI) decreased from 1.01 to 0.93 level. 

On Option front, Maximum Call OI is at 17700 then 18000 strike while Maximum Put OI is at 17700 then 17500 strike. Call writing is seen at 17700 then 17900 strike while Put writing is seen at 17600 then 17500 strike.

*Option data suggests a shift in trading range in between 17400 to 18000 zones while an immediate trading range in between 17500 to 17750 zones.*

For weekly Bank Nifty, Maximum Put OI is at 42000 then 41000 strike and maximum Call OI is placed at 42500 then 42000 strike. We have seen significant Call writing at 44500 and Put writing is witnessed at 42000 strike. 

Bank Nifty Put Call Ratio decreased from 1.03 to 0.78. Implied volatility fell from 13.6 to 13.2 levels.

Bank Nifty (CMP 42,118)

Data setup for Bank Nifty suggests a trading range in between *41600/41750 to 42500/42750 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, call selling and put buying in index options and position unwinding in stock futures.

In the cash market, FIIs were net sellers to the tune of 2117 crores while DII’s were net buyers worth 1633 crores. FIIs Index Long Short Ratio increased to 39.31%.

Derivatives data and price set up suggests, Nifty needs to hold above 17620 zones to witness an up move towards 17717 and 17777 zones while on the downside supports are placed at 17550 and 17442 marks.

Bank Nifty has hold above 42000 zones for an up move towards 42500 then 42750 levels while on the downside support are seen at 41750 then 41600 zones.

Thank you. Have a great trading day and weekend ahead..!!