News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty +90 pts (18980) from last trade 18890 ,*  

Nikkei +282 pts , 

Hangseng +462 pts , 

Now @6.52am . 

Dow +737.24 pts ,

Nsdq +484.22 pts, 

S&P +122.48 pts , 

Bovespa +1576 pts , 

Ftse +61 pts , 

Dax +41 pts , 

Cac +69 pts , 

Crude @ $80.56 brl (+0.01), 

Brent @ $85.36 brl (+2.33) , 

Gold @ 1783.90 (+24.10), 

Silver @ $22.50 (+0.71), 

Euro @ $1.0419, 

JPY @ $137.62, 

 INR @ 81.360

*Today's Corporate Action*

*1st Dec Ex Date*

RAJOIL 

E.G.M. 

*Today's Key Results/Board Meetings*

*1-Dec-22*

AML 

General    

EASEMYTRIP 

General    

NAVODAYENT 

Bonus issue  

PRUDMOULI 

General    

STL 

Stock  Split  

VEERENRGY 

Bonus issue;General  

*Stock under F&O ban on NSE*

*1-Dec-22*

1 BHEL  

2 DELTACORP 

3 IBULHSGFIN 

4 PNB

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*Pre-Market Derivatives and Technical Set-up*

◆ Nifty index opened positive and remained consolidative in the first half of the session. It spiked in the last hour of the day and made a fresh life time high of 18816 levels. It formed a Bullish candle on daily scale and closed with gains of around 140 points. It has been making higher highs from the last six sessions and supports are gradually shifting higher

◆ Now, it has to hold above 18650 zones, for an up move towards 18881 then 19000 zones whereas supports are placed at 18600 and 18442 zones

◆ India VIX was up by 1.38% from 13.61 to 13.80 levels. Volatility slightly moved up but overall it has been cooling off from the last nine weeks and supporting the bulls to hold at higher zones

◆ Since it’s the beginning of the new series, Option data is scattered at various far strikes in monthly series. On Option front, Maximum Call OI is at 19000 then 20000 strike while Maximum Put OI is at 18000 then 18500 strike. Call writing is seen at 18700 then 18900 strike while Put writing is seen at 18700 then 18800 strike. Option data suggests a broader trading range in between 18400 to 19200 zones while an immediate trading range in between 18500 to 18900 zones

◆ Bank Nifty opened positive and after a slight dip in the initial half, bulls were seen in charge in the second half of the session. It failed to touch its life time high levels but finally closed with gains of around 180 points. It formed a Bullish candle and an Outside Bar on daily frame with longer lower shadow indicating support based buying at every small declines

◆ Now it has to hold above 43000 zones for an up move towards 43500 and 43750 zones whereas supports are placed at 43000 and 42750 zones

◆ Bullish setup in GMR Infra, Jindastel, M&M, Dalbharat, Hindalco, ICICI GI, PIIND, BSoft, Persistent, Mcdowell, Cumminsind, DLF, BHEL, Grasim, Ultracemco, IGL, Coforge, Hindunilvr, Britannia, SBI Life, IOC, Lupin, Copal, Cipla, ACC, Titan, Asian Paint and Exideind 

◆ Bearish setup in Can Bank, LTI, Indusind Bank, ABB, Voltas, ITC and Dixon

*Technical & Derivatives Research, Motilal Oswal*

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*Derivatives update*

Good morning !! Greetings from Motilal Oswal. Derivatives update for Thursday, 1st December 2022.

India VIX was up by 1.38% from 13.61 to 13.80 levels. Volatility slightly moved up but overall it has been cooling off from the last nine weeks and supporting the bulls to hold at higher zones.

Nifty *Put/Call Ratio* (OI) increased from 1.28 to 1.55 level.

Since it’s the beginning of the new series, Option data is scattered at various far strikes in monthly series. On Option front, Maximum Call OI is at 19000 then 20000 strike while Maximum Put OI is at 18000 then 18500 strike. Call writing is seen at 18700 then 18900 strike while Put writing is seen at 18700 then 18800 strike. 

*Option data suggests a broader trading range in between 18400 to 19200 zones while an immediate trading range in between 18500 to 18900 zones.*

For weekly Bank Nifty, Maximum Put OI is at 43000 then 42500 strike and maximum Call OI is placed at 44000 then 43500 strike. We have seen Call writing in 44000 with significant unwinding at 43100 while Put writing is witnessed at 43200 strike. 

Bank Nifty Put Call Ratio increased from 0.83 to 1.03. Implied volatility fell from 15 to 14.8 levels.

Bank Nifty (CMP 43,231)

Data setup for Bank Nifty suggests a trading range in between *42750/43000 to 43500/43750 zones.*

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

In the cash market, FIIs were net buyers to the tune of 9010 crores while DII’s were net sellers worth 4056 crores. FIIs Index Long Short Ratio increased to 75.47%.

Derivatives data and price set up suggests, Nifty has to hold above 18650 zones, for an up move towards 18881 then 19000 zones whereas supports are placed at 18600 and 18442 zones.

Bank Nifty has to hold above 43000 zones for an up move towards 43500 and 43750 zones whereas supports are placed at 43000 and 42750 zones.

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

🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞

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