25th Jan'2021 (Evening)

25th Jan'2021 (Evening)

  • The markets have turned extremely volatile. Nifty after opening fell 160 points in 30 min, then rose 120 points and again came down 115 points, rose 100 points again before falling and closing lower. Wow, a good 100 point plus movement 3 times in the day.
  • BankNifty story is even worse. 500 point movement thrice.
  • The Index movements are just not tradable by option sellers (unless one is extremely agile and skilled). BTW, I am not trading till this month expiry. Though I am active stock based and in cash.
  • With FII selling for a second consecutive day in cash, but taking bullish position in futures and options, I feel the volatility is gonna continue. The range though I feel is similar, as mentioned earlier. 
  • Nifty has a range of 14222 to 14500 till expiry, BankNifty has a range of 31000 to 31500 till expiry. Though, looking at volatility weird movements are possible. 
  • Nifty has support at 14222 and 14039 while Bank Nifty has support at 30893 and 28976. These levels can be watched for on the lower side. On the upper side Nifty would see immediate resistance at 14400 and Bank Nifty at 31500. Next levels of resistance would be at 14500 and 31650.
  • US markets on Monday recovered after the first fall and Europe closed in green today. These Cues would support to our markets tomorrow. We will have to watch for US closing today, though.

 1. FII were net sellers for 765 Cr today, while DII were sellers for 387 Cr. A net selling of 1152 Cr from the institutional side.

2. FII's created 16402 longs and unwound 1240 shorts on the indices

3. On the option front FII  sold 21024 calls and   sold 14941 puts. They also bought 36637 calls and  bought 14000 Puts.

4. For next week expiry, Nifty has the highest OI for PE at 14000 followed by 14200 and highest OI for CE is at 15000 followed by 14500. Highest Put writing was seen at 14200 and highest call writing was seen at 14400 levels.

5. For the next week expiry, Bank Nifty has the highest OI for PE at 31000 followed by 30000 and highest OI for CE is at 32000 followed by 31500. Highest Put writing was seen at 31000 and highest call writing was seen at 31500 levels. 

6. While Asian markets closed in red today and Europe closed well in green. (26th Janauary)

7. US markets are trading flat as of now (26th Jan) , while they closed marginally in red yesterday (25th Jan)

8. The breadth of the market was etremely negative on 25th

9. Nifty opened at 14477 and made an intra day high of 14491 and a low of 14218 before closing at 14238 .The range of Nifty for the day was 273 points.

10. Bank Nifty opened at 31507 and made an intra day high of 31697 and a low of 31013 before closing at 31198 .The range of Nifty for the day was 684 points.

11. UD Dollar Index is trading at 90.19

12. Market fell across all sectors. Pharma sector was strong, else everything went southwards. 

13. India VIX rose to 23.25


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