Nifty Derivative Report, 20th January 2016

Nifty Market Overview:

The Nifty future shut shop at with loss of 125.80 points down by 1.69%. Nifty future decreased by 15525 shares in open interest, and came to a discount of 2.35 from premium of 3.00 earlier. Whereas cost of carry is -42.59% vs 40.76% decreased by 204.50%. On the options front the OI PCR is 0.87 vs 0.84 increased by 3.57%. Whereas the Volume PCR is 0.92 vs 0.75 up by 22.67%. While on the Volatility front the Indian Volatility Index has ended at 20.97% vs 18.43%  up by 13.78%.

 

Option Overview:

  • On the call options front addition of open interest was witnessed in last trading session at strike price of 7400 & 7500.
  • On the put options front we have seen addition of open interest in last trading session at strike price of 7200 & 7100.    

 

OI Chart Analysis:  

From the OI Chart we can see the strike price that witnessed highest addition of open interest in the Januaryr Series. In coming sessions market may trade in a range of 7100 & 7500. On the call option front strike price with the highest open interest i.e. 7400 & 7500 may act as good resistance on the up side whereas on the put option front strike price with the highest open interest i.e.7200 & 7100 may act as a support on the downside.

 

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Nifty Derivative Report, 19th January 2016

Nifty Market Overview:

The Nifty future shut shop at with gain of 65.85 points up by 0.89%. Nifty future decreased by 433275 shares in open interest, and came to a premium of 3.00 from premium of 21.25 earlier. Whereas cost of carry is 40.76% vs 6.65% increased by 512.88%. On the options front the OI PCR is 0.84 vs 0.83 increased by 1.20%. Whereas the Volume PCR is 0.75 vs 0.74 up by 1.35%. While on the Volatility front the Indian Volatility Index has ended at 18.43% vs 20.23%  down by 8.90%.

 

Option Overview:

  • On the call options front addition of open interest was witnessed in last trading session at strike price of 7500 & 7600.
  • On the put options front we have seen addition of open interest in last trading session at strike price of 7300 & 7200.    

 

OI Chart Analysis:  

From the OI Chart we can see the strike price that witnessed highest addition of open interest in the Januaryr Series. In coming sessions market may trade in a range of 7200 & 7600. On the call option front strike price with the highest open interest i.e. 7500 & 7600 may act as good resistance on the up side whereas on the put option front strike price with the highest open interest i.e.7300 & 7200 may act as a support on the downside.

 

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Weekly Bullion Report 18th January 2015

GOLD REBOUND FROM LOWER LEVEL AMID STEEP DECLINES IN GLOBAL STOCK MARKETS

Gold prices posted their biggest one-day gain in six weeks on Friday last week, as market players sought refuge in the yellow metal amid steep declines in global stock markets. A batch of soft U.S. economic data and weakness in the U.S. dollar provided further support.

FUNDAMENTALS

Despite Friday’s gains, gold prices lost $7.20, or 0.65%, on the week. Futures are still up almost 3% so far this year as safe-haven demand was boosted amid a global stock market rout, worries over the Chinese economy and heightened geopolitical tensions.

 

CRUDE DIPS UNDER $30, AS MARKETS BRACE FOR IRAN'S LONG-AWAITED RETURN

Crude oil slipped below $29 a barrel last week, as investors braced for Iran's return to global energy markets ahead of the release of a report that could pave the way for a group of Western powers to ease long standing economic sanctions against the Persian Gulf state. Crude oil for delivery in February sank to a daily low of $29.13, the weakest since October 2003, before ending at $29.42, down $1.78, or 5.71%.

INVENTORY

Crude oil futures erased gains on Wednesday, after data showed that gasoline and distillate supplies in the U.S. rose sharply last week, underlining concerns over a slowing demand for oil products. Crude oil inventories increased by 0.2 million barrels last week. Total U.S. crude oil inventories stood at 482.6 million barrels as of last week, remaining near levels not seen for this time of year in at least the last 80 years.

 

COPPER RECOVERS SLIGHTLY FROM 6-1/2 YEAR LOWS AFTER CHINA TRADE DATA

Copper prices bounced back from six-and-a-half year lows last week, as the latest trade figures out of China eased some concerns over the health of the world's second-biggest economy, while also pointing to strong demand for the red metal.

INVENTORY

Copper for March delivery slumped 3.2 cents, or 1.64%, to settle the week at $1.943 a pound on Friday after sinking to $1.936 earlier in the session, a level not seen since March 2009. For the week, COMEX copper prices plunged 7.9 cents, or 3.9%, as an ongoing meltdown on China’s stock market rattled investor sentiment.

 

GOLD REBOUND FROM LOWER LEVEL AMID STEEP DECLINES IN GLOBAL STOCK MARKETS

Gold prices posted their biggest one-day gain in six weeks on Friday last week, as market players sought refuge in the yellow metal amid steep declines in global stock markets.

Strategy

For the next week in Gold, traders can use sell on higher levels strategy. If COMEX Gold breaks the level of $1070.00 an ounce on downside, then it can test the levels of $1050.00 - $1030.00 an ounce. Similarly if MCX Gold February futures breaks the level of 25500 then it can test the levels of 25250-25000 on the downside till the end of the week. One can trade by keeping SL of 25750 in the same.

Support and Resistance

  • Major support in COMEX Gold is $1000 and $ 950
  • Major resistance in COMEX Gold is $1200 and $1250
  • Major support in MCX Gold is 24000 and 23600
  • Major resistance in MCX Gold is 26500 and 26800

 

SILVER GAINS IN ASIA ON REBOUND AFTER SHARP OVERNIGHT DROP

Silver futures for March delivery tacked on 14.8 cents, or 1.08%, on Friday to settle at $13.89 a troy ounce. On the week, silver futures inched down 6.9 cents, or 0.16%.

Strategy

For the next week in Silver traders can use sell on higher levels strategy. If COMEX Silver breaks the level of $13.75 an ounce on downside, then it can test the levels of $13.00 - $12.40 an ounce. Similarly if MCX Silver March futures break the level of 33300 then it can test the levels of 32900-32550 on the down side till the end of the week. One can trade by keeping SL of 33700 in the same.

Support and Resistance

  • Major support in COMEX Silver is $12.00 and $11.00
  • Major resistance in COMEX Silver is $17.80 and $18.80
  • Major support in MCX Silver is 32400 and 32000
  • Major resistance in MCX Silver is 37800 and 38800

 

CRUDE DIPS UNDER $30, AS MARKETS BRACE FOR IRAN'S LONG-AWAITED RETURN

Crude oil slipped below $29 a barrel last week, as investors braced for Iran's return to global energy markets ahead of the release of a report that could pave the way for a group of Western powers to ease long standing economic sanctions against the Persian Gulf state.

Strategy

For the next week in Crude oil, traders can use sell on higher levels strategy. If NYMEX Crude oil breaks the level of $29.00 a barrel on downside, then it can test the levels of $28.00 - $27.00 a barrel. Similarly if MCX Crude oil January futures breaks the level of 1950 then it can test the levels of 1850-1780 on the downside till the end of the week. One can trade by keeping SL of 2050 in the same.

Support and Resistance

  • Major support in NYMEX Crude oil is $25.00 and $22.00
  • Major resistance in NYMEX Crude is $43.00 and $47.00
  • Major support in MCX Crude oil is 1600 and 1500
  • Major resistance in MCX Crude oil is 2700 and 2900

 

COPPER RECOVERS SLIGHTLY FROM 6-1/2 YEAR LOWS AFTER CHINA TRADE DATA

Copper prices bounced back from six-and-a-half year lows last week, as the latest trade figures out of China eased some concerns over the health of the world's second-biggest economy, while also pointing to strong demand for the red metal.

Strategy

For the next week in Copper, traders can sell on higher levels strategy. If COMEX Copper breaks the level of $1.9260 per pound on downside, then it can test the levels of $1.8860-$1.8460 per pound. Similarly if MCX Copper February futures breaks the level of 291.50 then it can test the levels of 281.50-271.50 on the down side till the end of the week. One can trade by keeping SL of 301.50 in the same.

Support and Resistance

  • Major support in COMEX Copper is $1.8000 and $1.7600
  • Major resistance in COMEX Copper is $2.4910  and $2.531
  • Major support in MCX Copper is 270.00 and 260.00
  • Major resistance in MCX Copper is 330.00 and 340.00

 

NATURAL GAS FUTURES PLUNGE 4% AFTER BEARISH U.S. STORAGE DATA

Natural gas futures plunged to a more than two-week low on Thursday, after data showed U.S. natural gas supplies in storage fell less than expected last week, despite cold weather conditions. Natural gas storage in the U.S. in the week ended January 8 fell by 168 billion cubic feet, below expectations for a decline of 178 billion.

Strategy

For the next week in Natural gas, traders can use sell on higher levels strategy. If NYMEX Natural gas breaks the level of $2.020 per mmbtu on downside, then it can test the levels of $1.890 - $1.760 per mmbtu. Similarly if MCX Natural gas January futures breaks the level of 135.00 then it can test the levels of 125.00-115.00 on the downside till the end of the week. One can trade by keeping SL of 145.00 in the same.

Support and Resistance

  • Major support in NYMEX Natural gas is $1.500 and $1.300
  • Major resistance in NYMEX Natural gas is $3.322 and $3.522
  • Major support in MCX Natural gas is 100 and 90
  • Major resistance in MCX Natural gas is 162 and 172

 

THE  INDIAN  RUPEE  FELL  TO  ITS  LOWEST  LEVEL  SINCE  SEPTEMBER  ’13

The  Indian  Rupee  fell  to  its  lowest  level  since  September  ’13  and depreciated  by  0.7  percent  in  the  last  week  mainly  due  to strong demand  for  the  American  currency  from  importers  and  banks.

Strategy

For the next week in USDINR, traders can use buy on lower levels strategy. If USDINR breaks the level of 67.700 on upside, then it can test the levels of 68.400 - 69.000 on the down side till the end of the week. One can trade by keeping SL of 67.000 in the same.

Support and Resistance

  • Major support in USDINR is 63.300 and 62.100
  • Major resistance in USDINR is 69.500 and 70.700

 

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Nifty Weekly Derivative Report, 18th January 2016

Nifty Market Overview:

The Nifty future shut shop at with loss of 86.80 points down by 1.17%. Nifty future decreased by 1378725 shares in open interest, and came to a premium of 21.25 from premium of 8.45 earlier. Whereas cost of carry is 6.65% vs 19.31% decreased by 65.54%. On the options front the OI PCR is 0.83 vs 0.87 decreased by 4.60%. Whereas the Volume PCR is 0.74 vs 0.86 down by 13.95%. While on the Volatility front the Indian Volatility Index has ended at 20.23% vs 19.42%  up by 4.17%.

 

Option Overview:

  • On the call options front addition of open interest was witnessed in last trading session at strike price of 7500 & 7600.
  • On the put options front we have seen addition of open interest in last trading session at strike price of 7300 & 7200.    

 

OI Chart Analysis:  

From the OI Chart we can see the strike price that witnessed highest addition of open interest in the Januaryr Series. In coming sessions market may trade in a range of 7200 & 7600. On the call option front strike price with the highest open interest i.e. 7500 & 7600 may act as good resistance on the up side whereas on the put option front strike price with the highest open interest i.e.7300 & 7200 may act as a support on the downside.

 

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Nifty Weekly Derivative Report, 15th January 2016

Nifty Market Overview:

Nifty index closed at 7437.80 with the loss of 163.55 points or 2.15% down. The Nifty January future finally settles with loss of 158.95 points or 2.09% down 7446.25 and increased 1017000 shares in the open Interest. The Nifty future came to the premium of 8.45 from 3.85 premium earlier, whereas cost of carry is 19.31 from 70.36 earlier down by 72.55 %. Nifty future has closed at 7437.80 and now next logical resistance is at 7600 and 7800, and good support near 7400 and 7200 levels.

 

Bank Nifty Overview:

Bank Nifty index closed at 15206.30 with the loss of 936.35 pts or 5.80% down. The Bank Nifty January future finally settles with loss of 947.4 pts or 5.87% down at 15204.25 and increased by 563970 shares in the open interest. The Bank Nifty future came to the discount of 2.05 from 9 premium earlier, whereas cost of carry is -162.56 vs. 63.92 down by 354.31%.Bank Nifty futures has closed at 15204.25now next logical resistance is at 15450 and 15700 levels, and good support near 14900 and 14700 levels.

 

CNX IT Overview:  

The CNX IT Index closed at 10994.95 with the gain of 5.4 pts or 0.05 % up. The CNX IT January future finally settles with gain of 25.85 pts 0.24 % up at 11009.05 and increased by 3600 shares in the open interest. The CNX IT future came to a premium of 14.1 from discount 6.35 earlier, whereas cost of carry is 17.11 vs. 61.60 down by 127.78%. The CNX IT future has closed at 11009.05 and now next logical resistance is at 11300 and 11550 level, and good support near 10950 and 10750 levels.

 

Option Overview:

  • On the call options front addition of open interest was witnessed in last trading session at strike price of 7700 & 7800.
  • On the put options front we have seen addition of open interest in last trading session at strike price of 7300 & 7200.

 

OI Chart Analysis:  

From the OI Chart we can see the strike price that witnessed highest addition of open interest in the January Series. In coming sessions market may trade in a range of 7200 & 7800. On the call option front strike price with the highest open interest i.e. 7700 & 7800 may act as good resistance on the up side whereas on the put option front strike price with the highest open interest i.e.7300 & 7200 may act as a support on the downside.

 

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