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On the options front, a significant amount of short gamma positions has been added in out of the money call option strikes of February 11, 2021 weekly option contract, hinting a limited upside for the index in todays trading session.
A throwback from the 15,000 zone could attract mild retracement if the index fails to sustain above 14,900, according to Amit Trivedi of YES Securities.
F&O: Nifty forms higher tops, bottoms for a second straight session in solid bullish signal SECTIONS F&O: Nifty forms higher tops, bottoms for a second straight session in solid bullish signalBy Chandan Taparia, ETMarkets.com Last Updated: Jan 20, 2021, 05:38 PM IST Share Synopsis Now, the index has to hold above 14,500 level to extend its move towards 14,750 and then 15,000 levels, while on the downside, immediate support exists at 14,450 and 14,350 levels. Volatility could be comparatively higher ahead of the Union Budget 2021. Nifty opened positive on Wednesday, took support at previous da...
Technical View: Nifty forms bearish candle for second straight day, experts say index can break 14,000 Volatility has spiked above 24, pausing the positive momentum. and needs to be below 20 for the index to climb again, Chandan Taparia of Motilal Oswal has said. Sunil Shankar Matkar January 18, 2021 / 05:49 PM IST The Nifty50 fell sharply for the second day running due to selling pressure and lost more than 150 points on January 18. The correction was seen across sectors, with the Nifty metal falling the most with a 4 percent loss. Bank, finan...
Technical View: Nifty forms Hanging Man pattern again, analysts say focus on stock-specific opportunities Traders should remain cautious and focus on stock-specific opportunities rather than waging directional bets on the index, Mazhar Mohammad of Chartviewindia.in has said. Sunil Shankar Matkar January 14, 2021 / 05:31 PM IST The Nifty50 closed at a record high for the fifth consecutive session following strength in the afternoon amid volatility on January 14. Index heavyweights Reliance Industries, HDFC Group, ITC, L&T and TCS supported the m...