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[hfe_template id='11223'] [ad_1] The Indian market is likely to trade higher on Friday, tracking positive global cues. The Nifty futures closed in the negative with losses of 0.09%, at the 23,748 levels on Thursday. On the options front, the maximum Call OI is placed at 24,000, followed by the 25,000 strikes, while the maximum Put OI is placed at 23,800, followed by the 23,000 strikes. Call writing is seen at 23,800 and then at the 24,000 strikes, while Put writing is seen at 23,800 and then at the 23,000 strikes. “Options data suggests a broader trading range between the 23,200 to 24,200 zones, with an immediate range between the 23,500 to 23,900 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals at Wealth Management, MOFSL. “Nifty formed a Doji-like candle on the daily chart on Thursday, showing multiple Dojis, which indicates indecisiveness. A lack of follow-up buying is preventing the index from making any significant movement,” he said.“Now, ...

[hfe_template id='11223'] [ad_1] The Nifty futures closed negative, with losses of 0.10%, at 23,491 levels on Tuesday. The Indian market remained shut on Wednesday, due to a public holiday.On the options front, the maximum Call OI is placed at 24,000, and then at 23,700 strikes, while the maximum Put OI is placed at 23,000, and then at 23,500 strikes. Call writing is observed at 23,900, then at 24,200 strikes, while Put writing is seen at 23,700, then at 23,600 strikes. “Options data suggests a broader trading range between 23,000 and 23,900 zones, with an immediate range between 23,300 and 23,700 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. “Nifty formed a small-bodied bearish candle on the daily chart on Tuesday, with longer upper shadows, and broke the lower lows formation of the last seven sessions,” he added. “Now, until Nifty holds below the 23,500 zones, weakness could be seen towards 23,350, then 23,200 zon...

[hfe_template id='11223'] [ad_1] Indian market is likely to trade higher on Tuesday tracking positive global cues. The Nifty future closed in green with a gain of 0.25% at 25,434 levels on Monday. India VIX was down 0.71% from 12.55 to 12.46 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,400 strikes while the maximum Put OI is placed at 25,000 and then towards 25,200 strikes. Call writing is seen at 26,000 and then towards 25,700 strikes while Put writing is seen at 25,400 and then towards 25,300 strikes. “Options data suggests a broader trading range in between 24,900 to 25,800 zones while an immediate range between 25,200 to 25,600 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a small-bodied bearish candle on the daily frame on Monday and has been forming higher lows from the last three trading sessions which indicates supports are shifting higher,” he said.“Now ...

[hfe_template id='11223'] [ad_1] Indian market is expected to consolidate on Thursday tracking mixed global cues. The Nifty future closed positive with gains of 0.55% at 23862 levels on Wednesday. On the options front, the maximum Call OI is placed at 24000 and then towards 24,200 strikes while the maximum Put OI is placed at 23,500 and then towards 23,700 strikes. Call writing is seen at 23,900 and then towards 24,100 strikes while Put writing is seen at 23,800 and then towards 23,700 strikes. “Options data suggests a broader trading range in between 23,700 to 24,000 zones,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited. FIIs sold to the tune of Rs 3,535.43 cr while DIIs bought to the tune of Rs 5,103.67 cr in the cash segment of Indian equity markts.FIIs' Long short ratio for index futures is at 66.94 as on a net basis, they bought 6,1955 index futures, data showed.“The Nifty index is likely to continue its northward journey ...