News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty +77 pts (17687) from last trade 17610 ,*  

Nikkei +124 pts , 

Hangseng clsd , 

Now @6.56am . 

Dow +59.64 pts ,

Nsdq +50.23 pts, 

S&P +12.04 pts, 

Bovespa +40 pts , 

Ftse -16 pts , 

Dax +25 pts , 

Cac +24 pts , 

Crude @ $95.24 brl (+0.35), 

Brent @ $101.22 brl (-0.00) , 

Gold @ 1765.50 (+4.10), 

Silver @ $19.00 (+0.09), 

Euro @ $0.9969, 

JPY @ $137.10,  

INR @ 79.795

*Today's Corporate Action*

*25th Aug Ex Date*

BHATIA

Interim Dividend - Rs. - 0.0500

CCL

Final Dividend - Rs. - 2.0000

COASTCORP

Right Issue of Equity Shares 

DEEPAKFERT

Dividend - Rs. - 9.0000

EDELWEISS

Final Dividend - Rs. - 1.2000

GPIL

Final Dividend - Rs. - 8.5000

HBPOR

Interim Dividend - Rs. - 0.8000

INDIGOPNTS

Final Dividend - Rs. - 3.0000

KANPRPLA

Final Dividend - Rs. - 1.2000

KOVAI

Dividend - Rs. - 3.0000

KOVAI

Special Dividend - Rs. - 3.0000

KSCL

Interim Dividend - Rs. - 4.0000

LICI

Dividend - Rs. - 1.5000

MANGLMCEM

Dividend - Rs. - 1.5000

NIACL

Dividend - Rs. - 0.3000

PIIND

Final Dividend - Rs. - 3.0000

PNBGILTS

Final Dividend - Rs. - 5.0000

PRECWIRE

Final Dividend - Rs. - 0.5000

PRECWIRE

Interim Dividend - Rs. - 0.3000

RAMASTEEL

Stock  Split From Rs.5/- to Rs.1/-

RAMRAT

Final Dividend - Rs. - 5.0000

SALZER

Dividend - Rs. - 1.8000

SILINV

Final Dividend - Rs. - 2.5000

SMLT

Final Dividend - Rs. - 1.0000

STL

Final Dividend - Rs. - 1.0000

SYMPHONY

Final Dividend - Rs. - 6.0000

TASTYBIT

Dividend - Rs. - 1.0000

UNIDT

Interim Dividend - Rs. - 0.6000

*Today's Key Results/Board Meetings*

*25-Aug-22*

ADVIKCA

A.G.M.;General  

AMANITRA

General;Preferential Issue of shares

BETXIND

A.G.M.;General  

BPTEX

General  

CCCL

Quarterly Results 

CRAZYINF

A.G.M.;Quarterly Results 

DFM

Voluntary Delisting of Shares

DYNAMIND

A.G.M.  

EMERALD

A.G.M.;General  

FIRSTFIN

General  

HAZOOR

A.G.M.  

HYPERSOFT

General  

INFIBEA

MIssue Of Warrants;General 

JHACC

A.G.M.;General  

JONJUA

General  

MASTERTR

General  

MEENST

A.G.M.;General  

NAYSAA

Right Issue of Equity Shares 

POWERMECH

Preferential Issue of shares 

PRIMIND

A.G.M.  

RAGHUSYN

General  

RCCEMEN

General  

SAICOM

Bonus issue  

SBL

A.G.M.;General  

SCANSTL

A.G.M.  

SHUKRAPHAR

Right Issue of Equity Shares;General

SUNILTX

A.G.M.;

General  

SWASTIVI

Preferential Issue of shares 

TEEAI

Dividend  

TVOLCON

General  

VRL

A.G.M.;Final Dividend;General

WEBELSOLAR

Quarterly Results 

ZDHJERK

A.G.M.;General  

*Stock under F&O ban on NSE*

*25-Aug-22*

1RBLBANK

*Pre-Market Derivatives and Technical Set-up*

◆ Nifty index opened negative but took support at 17500 marks and moved in a positive to range bound manner throughout the session. It failed to surpass previous day’s highs but declines were being bought to settle the day above 17600 zones. Buying was visible at support zones but lack of momentum and strength in heavyweight could not speed up the up move and it closed with gains of around 27 points. It formed a small Bullish candle on daily scale but continues forming lower highs from the last three session

◆ Now it has to negate the formation of lower highs of last three sessions to continue the positive momentum towards 17700 and 17777 zones whereas support is intact at 17500 and 17442 zones

◆ India VIX was down by 3.25% from 19.05 to 18.43 levels. Volatility inched higher from two days and needs to cool down below 18 zones for market stability

◆ On Option front, Maximum Call OI is at 18000 then 18500 strike while Maximum Put OI is at 17000 then 17500 strike. Call writing is seen at 17700 then 17800 strike while Put writing is seen at 17600 then 17500 strike. Option data suggests an immediate trading range between 17350 to 17800 zones

◆ Bank Nifty opened negative but witnessed a pullback move and after respecting 38550 zones, it moved above 39100 zones. It closed above 39000 zones with gains of around 340 points. It formed a Bullish candle on daily scale and is forming higher highs from two sessions

◆ Now it has to hold above 38888 zones for an up move towards 39250 and 39500 zones whereas supports are placed at 38750 and 38500 zones

◆ Bullish setup in Can Fin Homes, Suntv, Bandhan Bank, IDFC First Bank, Syngene, Federal Bank, Adanient, Indusind Bank, ZEEL, IGL, Ashokley, Cholafin, IRCTC and Grasim

◆ Bearish setup in Hindpetro, Mphasis, BPCL, Divislabs, TCS and IOC

*Technical & Derivatives Research, Motilal Oswal*

*EXPIRY DAY CUES* 

Nifty has dodged a bullet, 20 DMA holds 

Dollar cools from possible double top of 109.2 

Crude at $102, could act as spoiler 

 

 *TRADE SETUP* 

Markets closed at highs for last 2 days 

Nifty’s recent low of 17,345 now sacrosanct 

Bank Nifty has got its mojo back over last 2 days 

Nifty down almost 1% for week, Bank Nifty in green 

Market’s overbought positions are now down drastically 

Nifty’s RSI has cooled to 62 from 83

 

FII long exposure down to 45%, Put-call ratio below 1 

If 17,345 holds, another excursion to 18,000 possible.

*Derivatives update for podcast*

Good morning !! Greetings from Motilal Oswal. Derivatives update for Thursday, 25th August 2022.

India VIX was down by 3.25% from 19.05 to 18.43 levels. Volatility inched higher from two days and needs to cool down below 18 zones for market stability.

Nifty *Put/Call Ratio* (OI) increased from 0.98 to 1 level.

On Option front, Maximum Call OI is at 18000 then 18500 strike while Maximum Put OI is at 17000 then 17500 strike. Call writing is seen at 17700 then 17800 strike while Put writing is seen at 17600 then 17500 strike. 

*Option data suggests an immediate trading range between 17350 to 17800 zones.*

For monthly Bank Nifty, Maximum Put OI is at 38000 then 38500 strike and maximum Call OI is placed at 40000 then 39500 strike. We have seen Call writing in 39200 with unwinding at 38500 while Put writing is witnessed at 39000 strike.

Bank Nifty Put Call Ratio increased from 0.88 to 1.02. Implied volatility is at 18.9 levels.

Bank Nifty (CMP 39,038.50)

Data setup for Bank Nifty suggests a trading range in between *38500/38750 to 39250/39500 zones.*

Looking ahead at the FII’s derivatives activity, there was long liquidation in index futures, short call unwinding & put selling in index options and long liquidation in stock futures.

In the cash market, FIIs were net buyers to the tune of 23 crores while DII’s were net sellers worth 322 crores. FIIs Index Long Short Ratio decreased to 44.94%.

Derivatives data and price set up suggests, Nifty has to negate the formation of lower highs of last three sessions to continue the positive momentum towards 17700 and 17777 zones whereas support is intact at 17500 and 17442 zones.

Bank Nifty has to hold above 38888 zones for an up move towards 39250 and 39500 zones whereas supports are placed at 38750 and 38500 zones.

Thank you. Have a great trading day and fabulous Monthly expiry ahead..!!

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