Lead Technical Analyst News Today

Indian market is expected to rise Friday on positive global cues. Nifty futures are up 0.84% at 22473. Options data suggests a broader range of 21800-22800.

On the weekly options front, the maximum Call OI is placed at 23,000 and then towards 22,600 strikes while the maximum Put OI is placed at 22,300 and then 22000 strikes.

On the options front, the maximum Call OI is at 22500 and then towards 22600 strikes. The maximum Put OI is at 22000 and then towards 21900, whereas Minor Call writing was witnessed at 22600 and then towards 22500 strikes, while some Put writing was witnessed at 22000 and then towards 21900 strikes.

Positive setup was seen in stocks like Cummins India, Trent, HAL, SBI, Tata Communication, Tata Power, Alkem, IOC, Canara Bank, BPCL, OFSS, Voltas, Coal India, TCS, RIL and DLF.

On the weekly options front, the maximum Call OI is placed at 21700 strikes and then towards 22000 strikes while the maximum Put OI is placed at 21000 strikes and then towards 20800 strikes.

The S&P BSE Sensex rose nearly 400 points while the Nifty50 closed above 21,300 levels on Thursday. The Nifty future closed positive with gains of 0.75% at 21376 levels.

Positive setup was seen in stocks like Tata Power, IEX, Container Corporation, India Cement, MGL, MCX, Zydus Life, LIC Housing Finance, BEL, Voltas, BHEL, etc.

The Nifty future closed negative with losses of 0.04% at 19875 levels on Thursday.

India VIX was up by 3.71% from 11.31 to 11.73 levels on Thursday. Volatility spiked to 12.7 zones during the day and paved the way for the bears to completely take over the market.

India VIX was down by 3.30% from 10.98 to 10.61 levels on Thursday. Volatility cooled off and paved the way for the bulls to strengthen in the market.