News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty -12 pts (17664) from last trade 17676 ,*  

Nikkei +603 pts , 

Hangseng +76 pts , 

Now @6.55am . 

Dow +27.16 pts ,

Nsdq -74.89 pts, S&P -2.97 pts, 

Bovespa -517 pts , 

Ftse -41 pts , 

Dax -6 pts , 

Cac +21pts , 

Crude @ $93.96 brl (-0.38), 

Brent @ $99.27 brl (-0.42) , 

Gold @ 1803.50 (-3.50), 

Silver @ $20.21 (-0.13), 

Euro @ $1.0313, 

JPY @ $133.22,  

INR @ 79.605

*Today's Corporate Action*

*12th Aug Ex Date*

AVTNPL

Final Dividend - Rs. - 0.6000

BDH

Final Dividend - Rs. - 3.6000

BRIGHTBR

Final Dividend - Rs. - 5.0000

CAMS

Interim Dividend 

COMPUSOFT

Dividend - Rs. - 0.4000

DYNAMIC

Final Dividend - Rs. - 0.5000

EICHERMOT

Final Dividend - Rs. - 21.0000

FIEMIND

Final Dividend - Rs. - 20.0000

IRB

Interim Dividend 

ISGEC

Final Dividend - Rs. - 2.0000

JBCHEPHARM

Final Dividend - Rs. - 8.0000

KPITTECH

Dividend - Rs. - 1.8500

MAANALU

Interim Dividend 

MASFIN

Final Dividend - Rs. - 1.7500

RAMAPHO

Final Dividend - Rs. - 0.8000

SHRGLTR

Final Dividend - Rs. - 0.2000

SKIPPER

Dividend - Rs. - 0.1000

TRIVENI

Final Dividend - Rs. - 2.0000

WPIL

Dividend - Rs. - 10.0000

*Stock under F&O ban on NSE*

*12-Aug-22*

1BALRAMCHIN 

2DELTACORP

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*Derivatives update for podcast*

Good morning !! Greetings from Motilal Oswal. Derivatives update for Friday, 12th August 2022.

India VIX was down by 6.30% from 19.58 to 18.35 levels. Volatility cooled down giving respite to the bulls and needs to sustain at lower levels for market stability.

Nifty *Put/Call Ratio* (OI) increased from 1.23 to 1.38 level.

On Option front, Maximum Call OI is at 18000 then 17500 strike while Maximum Put OI is at 16500 then 17000 strike. Call writing is seen at 17700 then 18300 strike while Put writing is seen at 17600 then 17700 strike.

*Option data suggests an immediate trading range between 17300 to 17800 zones while a broader trading range in between 17000 to 18000 zones.*

For weekly Bank Nifty, Maximum Put OI is at 38000 then 38800 strike and maximum Call OI is placed at 39500 then 39000 strike. We have seen Call writing in 39500 while Put writing is witnessed at 38000 strike.   

Bank Nifty Put Call Ratio increased from 1.09 to 1.15. Implied volatility fell from 20 to 18.3 levels.

Bank Nifty (CMP 38,879.85)

Data setup for Bank Nifty suggests a trading range in between *38250/38500 to 39250/39500 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, position unwinding in index options and long built up in stock futures.

In the cash market, FIIs were net buyers to the tune of 2298 crores while DII’s were net sellers worth 730 crores. FIIs Index Long Short Ratio increased to 55.37%.

Derivatives data and price set up suggests, Nifty has to hold above 17550 zones for an up move towards 17777 and 17850 zones whereas support is intact at 17550 and 17442 zones.

Bank Nifty has to hold above 38750 zones for an up move towards 39250 and 39500 zones whereas supports are placed at 38500 and 38250 zones.

Thank you. Have a great trading day and weekend ahead..!!

*Pre-Market Derivatives and Technical Set-up*

◆ Nifty index opened gap up by around 180 points but failed to hold above its opening levels and slightly slid below from 17719 zones. It took support at 17630 zones and moved in a narrow range throughout the session to close with gains of 125 points. It formed a small bodied Bearish candle on daily scale but has been making higher lows from the last four sessions

◆ Now it has to hold above 17550 zones for an up move towards 17777 and 17850 zones whereas support is intact at 17550 and 17442 zones

◆ India VIX was down by 6.30% from 19.58 to 18.35 levels. Volatility cooled down giving respite to the bulls and needs to sustain at lower levels for market stability

◆ On Option front, Maximum Call OI is at 18000 then 17500 strike while Maximum Put OI is at 16500 then 17000 strike. Call writing is seen at 17700 then 18300 strike while Put writing is seen at 17600 then 17700 strike. Option data suggests an immediate trading range between 17300 to 17800 zones while a broader trading range in between 17000 to 18000 zones

◆ Bank Nifty opened gap up by 425 points then picked up after a marginal declines and moved in the positive direction for the most part of the day. It has been outperforming the broader market from the last four sessions. It formed a small bodied Bullish candle on daily frame and closed with gains of around 600 points. It has been making higher lows from the last eight weeks and supports are gradually shifting higher

◆ Now it has to hold above 38750 zones for an up move towards 39250 and 39500 zones whereas supports are placed at 38500 and 38250 zones

◆ Bullish setup in MGL, IGL, Cumminsind, ABFRL, PEL, HAL, Indhotel, Jublfood, Bank Baroda, Mindtree, Axis Bank, Indusind Bank, HDFC, Sun TV, Page Ind, SBIN and TCS 

◆ Bearish setup in Tataconsum, GAIL, Colpal, MRF and ONGC

*Technical & Derivatives Research, Motilal Oswal*

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