Page 2 - Implied Volatility News Today

Bank Nifty has successfully maintained its short-term moving averages of 10 and 20 DEMA, positioned around 46,000. Now it faces crucial resistance at 47000 levels.

The 21500 put and 22000 call options have garnered the highest Open Interest. There have been fresh additions to Open Interest in call writing, particularly at the lower strikes of 21700 and 21900, as the Nifty declined below 21700. Nifty is likely to trade within the range of 21500-21725 today.

Going forward, the resistance is seen at 21850-21900, while support is placed at 21600-21650 zone, which is a confluence of 10-20 EMA. In case 21600 is breached, Index could witness a further slide towards 21450-21470 zone on the downside. Above 21900, the Index could witness an extension of its rally rebound towards 22070-22150 levels.

Heavy Put writing was observed at 21,500, 21,600 & 21,800 strikes in the index. Heavy Put writing is an indication of the support getting stronger.

The Nifty Private Bank index climbed 2.09 percent in the past week. However, on a year-to-date (YTD) basis, the index is down 5.07 percent. Some signs of short covering were seen on the day before the presentation of the budget.

Tailwinds could soon blow for not only Citigroup stock, but the entire finance sector

Bitcoin (BTC) price currently trades around $41,094 after dropping 4.60% on Thursday, putting an end to the $2,000 trading range.

A pull-back from easing liquidity conditions & low correlation among S&P 500 constituents may trigger a spike in implied volatility (VIX)

GLOBAL-OIL/ (UPDATE 4)UPDATE 4-Oil drops more than 1% despite Middle East conflict

Bitcoin Spot ETF’s likely approval next Tuesday failed to stir volatility in futures markets.