It was followed by the 24,900 strike (52.91 lakh contracts) and the 25,500 strike (48.87 lakh contracts).
It was followed by the 24,000 strike (59.51 lakh contracts) and the 24,400 strike (52.41 lakh contracts).
Put unwinding was observed at the 23,700 strike, which shed 3.82 lakh contracts, followed by 25,100 strike which shed 7,600 contracts.
It was followed by the 53,500 strike (28.55 lakh contracts) and the 53,000 strike (26.78 lakh contracts).
This was followed by the 51,000 strike (28.02 lakh contracts) and the 52,500 strike (24.24 lakh contracts).
Nifty, Bank NIfty Trend
The market extended its upward journey for another session amid consolidation and recorded a fresh all-time closing high on July 15, with the Nifty 50 surpassing 24,600 intraday for the first time. The index climbed 86 points to 24,587. Going forward, 24,600 is crucial; closing above this level could propel it towards the 24,900-25,000 zone, with immediate support seen at 24,400, according to experts. Here are 15 data points we have collated to help you spot profitable trades:
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Here are 15 data points we have collated to help you spot profitable trades:
1) Key Levels For The Nifty 50
Resistance based on pivot points: 24,624, 24,651, and 24,694
Support based on pivot points: 24,539, 24,512, and 24,469
Special Formation: The Nifty 50 formed a Doji candlestick pattern on the daily charts, indicating indecision among buyers and sellers about the future market trend. The momentum indicators RSI and MACD showed a positive bias. Such patterns, when formed at the top, might signal trend reversal, but confirmation in the following session is needed.
2) Key Levels For The Bank Nifty
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Resistance based on pivot points: 52,618, 52,738, and 52,932
Support based on pivot points: 52,230, 52,110, and 51,916
Resistance based on Fibonacci retracement: 53,230, 54,263
Support based on Fibonacci retracement: 51,636, 50,585
Special Formation: The Bank Nifty formed a bullish candlestick pattern with upper and lower shadows, resembling a High Wave pattern (though not a classical one) on the daily timeframe, following back-to-back Doji patterns in the previous couple of sessions. Such patterns generally act as a trend reversal signal. The index rose 177 points to 52,456.
3) Nifty Call Options Data
According to the weekly options data, the 25,000 strike holds the maximum open interest (with 93.19 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,900 strike (52.91 lakh contracts) and the 25,500 strike (48.87 lakh contracts).
Maximum Call writing was observed at the 25,000 strike, which saw an addition of 24.33 lakh contracts, followed by the 24,900 and 24,600 strikes, which added 15.93 lakh and 13.57 lakh contracts, respectively. The maximum Call unwinding was seen at the 24,400 strike, which shed 8.03 lakh contracts, followed by the 24,500 and 24,300 strikes, which shed 2.89 lakh and 2.82 lakh contracts, respectively.
4) Nifty Put Options Data
On the Put side, the maximum open interest was seen at 24,500 strikes (with 63 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 24,000 strike (59.51 lakh contracts) and the 24,400 strike (52.41 lakh contracts).
The maximum Put writing was visible at the 24,600 strike, which saw an addition of 25.9 lakh contracts, followed by the 24,500 and 24,100 strikes, with 24.92 lakh and 13.6 lakh contracts added, respectively. Put unwinding was observed at the 23,700 strike, which shed 3.82 lakh contracts, followed by 25,100 strike which shed 7,600 contracts.
5) Bank Nifty Call Options Data
According to the weekly options data, the maximum Call open interest was seen at the 54,000 strike, with 28.68 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 53,500 strike (28.55 lakh contracts) and the 53,000 strike (26.78 lakh contracts).
Maximum Call writing was visible at the 53,400 strike (with the addition of 10.19 lakh contracts), followed by the 54,000 strike (4.67 lakh contracts) and the 53,000 strike (4.34 lakh contracts), while the Call unwinding was seen at 52,500 strike, which shed 3.28 lakh contracts, followed by 52,300 and 52,000 strikes, which shed 2.86 lakh and 2.5 lakh contracts, respectively.
6) Bank Nifty Put Options Data
On the Put side, the 52,000 strike holds the maximum open interest (with 28.48 lakh contracts), which can act as a key support level for the index. This was followed by the 51,000 strike (28.02 lakh contracts) and the 52,500 strike (24.24 lakh contracts).
The maximum Put writing was observed at the 52,500 strike (which added 12.88 lakh contracts), followed by the 51,000 strike (11.47 lakh contracts) and the 52,000 strike (10.18 lakh contracts), while the Put unwinding was seen at 53,500 strike, (which shed 9,360 contracts), followed by 54,000 strike (3,795 contracts), and 53,600 strike (2,460 contracts).
7) Funds Flow (Rs crore)
8) Put-Call Ratio
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, climbed to 1.33 on July 15 from 1.28 levels in the previous session.
The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.
9) India VIX
The volatility climbed back above the 14 mark but remains below the previous week's high (14.92) as well as the 200-day EMA (14.6), hence still favouring the bulls. The India VIX, the fear gauge, rose 3.37 percent to 14.19 from 13.73 levels.
10) Long Build-up (75 Stocks)
A long build-up was seen in 75 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.
11) Long Unwinding (16 Stocks)
16 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.
12) Short Build-up (23 Stocks)
23 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.
13) Short-Covering (72 Stocks)
72 stocks saw short-covering, meaning a decrease in OI, along with a price increase.
14) High Delivery Trades
Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.
15) Stocks Under F&O Ban
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Stocks added to F&O ban: Hindustan Copper
Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Chambal Fertilisers and Chemicals, GMR Airports Infrastructure, GNFC, India Cements, Indus Towers, RBL Bank
Stocks removed from F&O ban: Balrampur Chini Mills, Bandhan Bank, Indian Energy Exchange, Piramal Enterprises
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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