Market Trade Setup: The Nifty 50 index wandered in Monday’s trading realm and closed on 14 May with a 0.4 per cent gains after a day’s correction. Tejadis dominated the market breath in the third consecutive session yesterday. In other words, the mid and small cap outforce continued compared to the benchmark index yesterday. Technical indicators for the market are giving positive indications. The Nifty is trading above all important moving averages. In such a situation, it seems that in the upcoming business seasons, the Nifty gradually seen leading to 24,800-25,000. As long as the Nifty protects the support of 24,380, the possibility of boom will be maintained. Market experts say that there is immediate support for Nifty at 24,500.
Here you are giving some such figures on the basis of which you will be able to catch profitable deals.
Support and resistance level for nifty
Support based on Pivot Point: 24,568, 24,513 and 24,425
Resistance based on Pivot Point: 24,745, 24,800 and 24,889
Bank nifty
Resistance based on pivot points: 55,108, 55,277 and 55,551
Support based on pivot points: 54,559, 54,390 and 54,116
Resistance based on Fibonacci Retress: 56,291, 58,619
Fibonacci Retress based support: 54,115, 52,895
Nifty call option data
A maximum call of 1.46 crore contract has been seen open interest on a strike of 25,000 on the vehicle basis, which will work as an important registration level in the upcoming business sessions.
Nifty put option data
On a strike of 24,000, a maximum of 1.22 crore contract has been seen open interest which will work as important support level in the coming business sessions.
Bank Nifty Call Option Data
The bank Nifty has seen a maximum call open interest of 12.68 lakh contracts on a 55,500 strike which will work as important registration level in the coming business sessions.
Bank Nifty put option data
On a strike of 55,000, a maximum of 17.56 lakh contracts have been seen open interest, which will work as important registration levels in the coming business sessions ahead.
FII and DII Fund Flow
Index India Vix, which measured the market’s possible volatility, fell 5.36 percent on 14 May to 17.23. This decline has provided some more relief to the Tejdis. Vix is now trading below its short term moving average.
Stock Market Live Updates: Gift Nifty Indication, Indian market can be strong
Call call ratio
The Nifty Put-Call Ratio, which depicted the market mood, rose to 0.89 on May 14, compared to 0.85 in the previous session. Significantly, the departure of PCR above 0.7 or 1 cross PCR is generally considered a sign of boom. Whereas the ratio falling below 0.7 or 0.5 is a sign of recession.
Stock under F&O Bain
The F&O segment includes the restricted securities that include the derivative contract market wide position limit to more than 95 per cent.
Stocks involved in F&O ban: Hindustan Copper
Stocks already involved in F&O ban: Central Depository Services, Manappuram Finance
Stocks removed from F&O ban: nobody
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