JMFS Research Official @jmfsresearch Channel on Telegram

JMFS Research Official

19 Feb, 03:18

*JMFS DERIVATIVES: Nifty view point*

📈global mkts positive
🛢️oil 76
🔹dollar index 107
💲 USD INR 86.95
📍US 10 yr yelld 4.54
✒️FII cash +4786 crs, index fut -303 crs, options. +1717 crs, stk fut +886 crs
✏️OI pcr 0.8, IV 15.5, basis 27
OI: pe 22500 & ce 23300/23500

🖊️ _intra view : gifty nifty flat, recovery seen from pivotal support 22800. If follow up action supports 23100/23175 can be upsides_
▪️Support :22800
Resistance 23200

👉 Broader view: oversold/weak. 22800 holds the key. Abv 23200 a short term support confirm. Pivotal respected yesterday, follow up action holds the key.

Refer research disclaimers on
https://bit.ly/3UN5lxi

781

JMFS Research Official

19 Feb, 01:15

*JMFS DERIVATIVES: Nifty view point*

📈global mkts positive
🛢️oil 75.4
🔹dollar index 106.9
💲 USD INR 86.87
📍US 10 yr yelld 4.54
✒️FII cash -3937 crs, index fut +588 crs, options. -1760 crs, stk fut +2456 crs
✏️OI pcr 0.87, IV 15.8, basis 66.9
OI: pe 22500 & ce 23300/23500

🖊️ _intra view : gifty nifty flat, recovery seen from pivotal support 22800. If follow up action supports 23100/23175 can be upsides_
▪️Support :22800
Resistance 23200

👉 Broader view: oversold/weak. 22800 holds the key. Abv 23200 a short term support confirm. Pivotal respected yesterday, follow up action holds the key.

Refer research disclaimers on
https://bit.ly/3UN5lxi

694

JMFS Research Official

19 Feb, 01:15

*JMFS ViewPoint: NiftyBank Outlook 19 FEB 2025*

- FIIs Long : Short Ratio 16% : 84%
- India VIX at 15.66
- FIIs outlook is sideways for indices & FnO stocks

- BNF witnessed minor OU additions + its PCR_OI is at 0.70 indicating at a neutral trend

- PE OI unwinding witnessed in major strike prices

- OI additions witnessed from 49000 CE to 50000 CR strike prices

- All spot levels

*View:* Interesting at how BN continues to close below 49500 for 6 days in a row; unable to cross this resistance as it grows stronger. Holding on to the 49000 mark on closing basis for now, supported by a selected pvt banks only. Hedge your positions. BN may surprise with a 48000 testing.

*Actionable:* Buy 48000 PE around 170-160 with SL 80 & TGT 250/300

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

704

JMFS Research Official

17 Feb, 02:40

*JMFS ViewPoint: NiftyBank Outlook 17 FEB 2025*

- FIIs Long : Short Ratio 16% : 84%
- India VIX at 15.02
- FIIs outlook continues to be hedged for indices & slightly positive for FnO stocks

- BNF witnessed very aggressive short build up + its PCR_OI is at 0.68 indicating at a negative trend

- Aggressive OI unwinding was witnessed in major PE strike prices

- 49500 CE witnessed some OI additions

- Immediate resistance at 49500

- Immediate support at 49000 on closing basis but if this is breached, 48000 mark can be retested

- All spot levels

*View:* Outlook remains for a sell on rise until 50200 mark is taken out. Brace for impact if 48000 is broken. Remain hedged & avoid longs at current levels.

*Actionable:* Buy 48000 PE around 170-160 with SL 80 & TGT 250/300

Update: One may book partial gains in Bear Call Spread of 51000 CE / 52000 CE; trail SL to cost

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

931

JMFS Research Official

14 Feb, 02:32

*JMFS ViewPoint: Nifty & BankNifty Outlook 14 FEB 2025*

FIIs - Outlook sideways for indices & slightly positive for FnO stocks + LSR is at 16% : 84% + India VIX is at 14.96

Nifty - NF witnessed minor unwinding of OI + its PCR_OI is at 0.90 indicating a range bound trend. The new weekly expiry shows aggressive OI additions in 23200 CE and the overall highest OI continues to be at 24000 CE followed by 23500/23400 CE. The range of 22800 to 23200 remains until further breach of the range. Above 23200, it can retest resistance towards 23500/23600. Multiple resistances ahead whereas support is only around 22800.

BankNifty - BNF witnessed minor additions of OI + its PCR_OI is at 0.75 indicating a range bound outlook. BN continues to be in a range between 49000 to 50000/50200 on closing basis. Any close below 49000 can reopen gates for 48000/47800 levels again. Highest OI is still at 51000/5000 CE.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,397

JMFS Research Official

12 Feb, 04:34

BN 48000 PE now 350+, although 160 was not triggered but it was a super move from 180 to 350+ 🚀

Recommended in morning note

1,371

JMFS Research Official

12 Feb, 03:06

*JMFS ViewPoint: NiftyBank Outlook 12 FEB 2025*

- FIIs Long : Short Ratio 14% : 86%
- India VIX at 14.87
- FIIs outlook continues to be hedged for indices & negative for FnO stocks (less intense than the previous day)

- BNF witnessed very aggressive short build up + its PCR_OI is at 0.75 indicating at a negative trend

- Aggressive OI additions witnessed in 49500 straddle

- CE writers take over levels of 50000/50500 as resistance

- PE writers exit from support levels

- All spot levels

*View:* As highlighted in yesterday’s note, BN was a clear sell; broke & closed below 49500. BN can now retest 48000/47800 support again. Remain hedged.

*Actionable:* Buy 48000 PE around 150-160 with SL 60 & TGT 350

*Update:* Can continue to hold the bear call spread strategy recommended yesterday (51000 CE / 52000 CE)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,521

JMFS Research Official

12 Feb, 02:09

*JMFS DERIVATIVES: Nifty view point*

📈global mkts mixed
🛢️oil 76
🔹dollar index 108.44
💲 USD INR 87.48
📍US 10 yr yelld 4.50
✒️FII cash -2463 crs, index fut -1814 crs, options. +6722 crs, stk fut -1997 crs
✏️OI pcr 0.75, IV 14.6, basis 77
OI: pe 23000 & ce 23500/23700

🖊️ _intra view : gifty nifty +40 choppy trades expected.
▪️Support :23300/23175
Resistance 23540

👉 Broader view: 23175 fib retracement support for the pullback rally which unfolded from 22800. Till it holds broader short term trend shifts from positive to sideways. Range 23200-23800.

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,229

JMFS Research Official

11 Feb, 03:31

*JMFS DERIVATIVES: Nifty view point*

📈global mkts mixed
🛢️oil 76
🔹dollar index 108.44
💲 USD INR 87.48
📍US 10 yr yelld 4.50
✒️FII cash -2463 crs, index fut -1814 crs, options. +6722 crs, stk fut -1997 crs
✏️OI pcr 0.75, IV 14.6, basis 77
OI: pe 23000 & ce 23500/23700

🖊️ _intra view : gifty nifty +40 choppy trades expected.
▪️Support :23300/23175
Resistance 23540

👉 Broader view: 23175 fib retracement support for the pullback rally which unfolded from 22800. Till it holds broader short term trend shifts from positive to sideways. Range 23200-23800.

Refer research disclaimers on
https://bit.ly/3UN5lxi

954

JMFS Research Official

11 Feb, 02:57

*JMFS ViewPoint: NiftyBank Outlook 11 FEB 2025*

- FIIs Long : Short Ratio 15% : 85%
- India VIX at 14.44
- FIIs outlook is hedged for indices & negative for FnO stocks

- BNF witnessed fresh short build up + its PCR_OI is at 0.83 indicating at a negative trend

- Highest OI continues to be at 52000 CE with 0.62 L contracts

- On the PE side, highest OI shifts to 49000 PE with 0.43 L contracts

- Crucial resistance immediately at 50200 followed by 50600 above which it can test 51500/52000 range

- Crucial support at 49700/49500 range on immediate basis followed by 49000

- All spot levels

*View:* BN slides below its 200 EMA once again. Remain cautious & avoid fresh longs at current levels until the 50600 is taken out.

*Actionable:* Sell BN on rise around 50100/50150 for TGT 49700/49500 & a SL of 50250.

*For options strategy: Bear Call Spread 27 Feb Expiry* - Sell 51000 CE @ 380-400 & Buy 52000 CE @ 140-150 (1:1 ratio). Total premium inflow 245 pts (max TGT), SL 350 pts or exit if BN crosses 50600 spot

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,472

JMFS Research Official

10 Feb, 10:27

https://x.com/getblinkx/status/1888886003676622993?s=46

Will be live now for mid-monthly webinar. Please join

1,020

JMFS Research Official

07 Feb, 02:55

*JMFS DERIVATIVES: Nifty view point*

📈global mkts flat
🛢️oil 74.60
🔹dollar index 107.71
💲 USD INR 87.59
📍US 10 yr yelld 4.44
✒️FII cash -3549 crs, index fut -1221 crs, options. +12436 crs, stk fut -6460 crs
✏️OI pcr 0.95, IV 15.8, basis 85.55
OI: pe 23000 & ce 24000

🖊️ _intra view : gifty nifty +ve. Choppy, volatile_
▪️Support :23400
Resistance 23800

👉 Broader view: Positive setup till nifty holds 23300.

Refer research disclaimers on
https://bit.ly/3UN5lxi

668

JMFS Research Official

07 Feb, 02:47

*JMFS ViewPoint: NiftyBank Outlook 7 FEB 2025*

- FIIs Long : Short Ratio 16% : 84%
- India VIX at 14.18
- FIIs outlook is hedged for indices & negative for FnO stocks

- BNF witnessed minor long unwinding + its PCR_OI is at 0.93 indicating at a sideways trend

- Highest OI continues to be at 52000 CE with 0.59 L contracts

- 50500 straddle witnessed similar OI additions

- Support at 50200/50000 range

- Intraday resistance at 50500

- All spot levels

*View:* Although BN is sustaining above its 200 DMA (50200 odd level), it is crucial to have a weekly above this level as well for further upside. Watch out for 50500 intraday resistance above which it can head towards 51000 mark.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

671

JMFS Research Official

06 Feb, 03:28

*JMFS DERIVATIVES: Nifty view point*

📈global mkts +ve
🛢️oil 74.80
🔹dollar index 107.66
💲 USD INR 87.47
📍US 10 yr yelld 4.43
✒️FII cash -1682 crs, index fut +633 crs, options. -15691 crs, stk fut -2638 crs
✏️OI pcr 0.97, IV 15.2, basis 76.3
OI: pe 23500 & ce 24000

🖊️ _intra view : gifty nifty +ve. Positive setup till Abv 23650_
▪️Support :23500
Resistance 24000/24200

👉 Broader view: Positive setup, rebound rally. Stopover upside tgts seen at 24000/24200. Support 23400.

Refer research disclaimers on
https://bit.ly/3UN5lxi

810

JMFS Research Official

05 Feb, 03:28

BN View Update:

BN tested 50200 mark on expected lines. Crucial to sustain above the same for any further upside towards 51500/52000 range. Support rises towards 49500 now.

However, expect some resistance around this crucial resistance point ahead of the monetary policy due this Friday.

876

JMFS Research Official

05 Feb, 02:17

*JMFS DERIVATIVES: Nifty view point*

📈global mkts mixed
🛢️oil 76.15
🔹dollar index 107.95
💲 USD INR 87.07
📍US 10 yr yelld 4.52
✒️FII cash +809 crs, index fut +5353 crs, options. +9022 crs, stk fut +7473 crs
✏️OI pcr 1.16, IV 15, basis 46
OI: pe 23500 & ce 24000

🖊️ _intra view : gifty nifty +60 positive momentum to take Nifty towards 24k_
▪️Support :23650
Resistance 24000

👉 Broader view: 23500 new base setting up & momentum surge can shake 24k CE writers. 24200-300 in the making.

Refer research disclaimers on
https://bit.ly/3UN5lxi

882

JMFS Research Official

04 Feb, 09:45

BN 50200 Intraday TGT Done ✅

Intraday gains of 700 pts 🚀

908

JMFS Research Official

04 Feb, 04:13

BN super move from 49500 to 49950+ (Intraday gains of 450+ pts) 🚀

922

JMFS Research Official

04 Feb, 02:25

*JMFS ViewPoint: NiftyBank Outlook 4 FEB 2025*

- FIIs Long : Short Ratio 10% : 90%
- India VIX at 14.35
- FIIs outlook is sideways to positive for indices & slightly negative for FnO stocks

- BNF witnessed minor long unwinding + its PCR_OI is at 0.79 indicating at a sideways trend

- Highest OI continues to be at 52000 CE with 0.47 L contracts & 49000 PE with 0.40 L contracts

- Support still at 49000 on closing basis

- Resistance at 50000/50200 range

- All spot levels

*View:* BN indicates at a sideways trend ahead of the event. If BN crosses 49500 today, can retest 50000 resistance range. Crucial for BN to sustain above 50200 mark on a closing basis for further upside towards 52000 mark.

*Actionable:* Buy BN in the range of 49500 and on declines up to 49300 with SL 49000 (closing basis) & TGT 50200 (all spot levels)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

951

JMFS Research Official

04 Feb, 02:20

*JMFS DERIVATIVES: Nifty view point*

📈global mkts mixed
🛢️oil 75.44
🔹dollar index 108.64
💲 USD INR 87.19
📍US 10 yr yelld 4.56
✒️FII cash -3958 crs, index fut -1667crs, options. -21659 crs, stk fut -1512 crs
✏️OI pcr 0.87, IV 15.3, basis 81
OI: pe 23000 & ce 24500

🖊️ _intra view : gifty nifty +100. Volatility to choppy_
▪️Support :23250/23000
Resistance 23500

👉 Broader view: 22800-23000 key support volatility to continue in wake of global & domestic events.Support to hold till domestic events are done.

Refer research disclaimers on
https://bit.ly/3UN5lxi

954

JMFS Research Official

03 Feb, 04:02

Rollovers Update:

*Options Game Changer* - Recommended for *UPL for Feb Series* sees a brilliant move from 570 >> 635 🚀 🚀 🚀 in just 2 days

882

JMFS Research Official

03 Feb, 02:20

*JMFS DERIVATIVES: Nifty view point*

📈global mkts -vr
🛢️oil 76.02
🔹dollar index 109.7
💲 USD INR 86.61
📍US 10 yr yelld 4.52
✒️FII cash -1327 crs, index fut +165crs, options. +3312 crs, stk fut +928 crs (friday data)
✏️OI pcr 0.87, IV 14.5, basis 73
OI: pe 23000 & ce 24000

🖊️ _intra view : gifty nifty -ve. Negative to global reaction.
▪️Support :23250/23000
Resistance 23600

👉 Broader view: Relief budget rally done. 22800-23000 key support volatility to continue in wake of global & domestic events.

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,003

JMFS Research Official

31 Jan, 03:34

https://x.com/sonipatnaik90/status/1885168054851797081?s=46

Rollovers Report 30JAN2025

1,611

JMFS Research Official

30 Jan, 03:15

Errata: BN Final Expiry to happen today. Data points otherwise remains the same

1,694

JMFS Research Official

30 Jan, 03:03

*Summary of Rollovers: D-1 for Nifty & Final for BankNifty*

FIIs - Outlook hedged for indices & positive for FnO stocks + LSR at 25% : 75% + India VIX at 18.56.

- Nifty rollovers at 70% with 0.6 roll cost vs 60% last series

- Expected expiry range for Nifty today is between 23100 to 23300/350 & any move above this higher end of the range, expiry can extend up to 23500

- Sectoral wise higher rollovers seen in Fmcg (81%), Textile (84%), Banking (80%)

- Stock wise higher rollovers seen in Hdfcbank (90%), Titan (90%), Tataconsum (90%), Manappuram (89%), Sbilife (89%), Balkrisind (89%), Cholafin / Godrejprop / Jswsteel (88%)

*BankNifty*

- BN final rollovers at 71% which is in-line its 3 months avg of 71%

- BN starts the Feb’25 series with 2.39mn shares as compared to 2.01mn shares last series

- BN starts the Feb’25 series with highest OI at 52000 CE & 49000 PE each with nearly 22k contracts

- Crucial for BN to continue to hold above 49000 on closing basis (today / tomorrow). Next resistance area is around 49800 followed by 50200 and only above this a trend reversal confirmation can happen

*Overall View:* BN rollovers are on a positive side indicating short squeeze (positive outlook) have been rolled over to Feb series at the back of a higher base.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,602

JMFS Research Official

29 Jan, 02:16

*JMFS DERIVATIVES: Nifty view point*

📈global mkts +ve
🛢️oil 77.34
🔹dollar index 107.92
💲 USD INR 86.53
📍US 10 yr yelld 4.53
✒️FII cash -4920 crs, index fut -489crs, options. +4221 crs, stk fut +2515 crs
✏️OI pcr 0.95, IV 20.9, basis 57
OI: pe 23000 & ce 23500

🖊️ _intra view : gifty nifty 40+ pts. Choppy/range bound_
▪️Support :22900/22800
Resistance 23150

👉 Broader view: oversold but still weak.Choppy range bound moves expected in 22800-23300 range.22800 is a key pivotal zone.

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,388

JMFS Research Official

29 Jan, 02:04

*Summary of Rollovers: Day 2 for Nifty & D-1 for BankNifty*

FIIs - Outlook sideways for indices & positive for FnO stocks + LSR is at 25% : 75%.

- Nifty rollovers at 57% with 0.5 roll cost vs 36% last series

- BankNifty rollovers at 60% with 0.7 roll cost vs 53% last series

- Sectoral wise higher rollovers seen in Banking (64%), Power (61%), Realty (61%), Fmcg (62%)

- Stock wise higher rollovers seen in Hdfcbank (78%), Tataconsum (75%), Jswsteel (77%), Crompton (74%), Godrejprop (72%), Icicbank (70%), Bajfinance (70%), Axisbank (69%)

- Nifty closed below 23100 on closing basis. Expected range 22800 to 23100 on closing basis. If breaks below 22800, can head towards 22500-22300 range. Needs to sustain above 23100 on a closing basis for any short covering move towards 23500+

- On expected lines, short covering move in BN was witnessed towards 49200 & it faced selling pressure around that level. Expected expiry range is 48500 to 49200. If crosses 49200+, can head towards next resistance area around 49800/50200

*Overall View:* Rollovers are happening at a higher side with possibility of long positions especially for BN. Nifty continues to see mixed bag of positions. Crucial for BN to sustain above 50200+ for any trend reversal confirmation. The recovery/short covering move won’t be a simple one sided direction and expect volatility around the major resistances.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

960

JMFS Research Official

28 Jan, 06:52

Short covering in BN as mentioned in the pre-rollovers summary - above 48500, short covering towards 49200 (day high 49130+ till now) 🚀

1,270

JMFS Research Official

22 Jan, 03:38

*JMFS ViewPoint: NiftyBank Outlook 22 JAN 2025*

- FIIs Long : Short Ratio 17% : 83%
- India VIX at 17.06
- FIIs outlook is cautious for indices & FnO stocks

- BNF witnessed short build up + its PCR_OI is at 0.56 indicating at an indecisive outlook

- BN broke below 49000 again; however, still holding 48500 on closing basis

- CE OI additions witnessed in 49000 CE

- Major PE strike prices witnessed only unwinding

- ⁠All spot levels

*View:* Extreme volatility on intraday basis but broader range is still intact. BN continues to be in the range between 48000 to 49500. No short covering in sight. If 48000 breaks on a closing basis, it will open gates for further downside towards 46500. A confirmation of trend reversal can only happen if BN takes out 50500.

*Actionable:* Avoid aggressive long or short positions but remain hedged with buying of 48000 PE (300-330 premium range currently).

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

595

JMFS Research Official

22 Jan, 02:37

*JMFS DERIVATIVES: Nifty view point*

📈global mkts +ve
🛢️oil 79.33
🔹dollar index 108.09
💲 USD INR 86.58
📍US 10 yr yelld 4.59
✒️FII cash -5920 crs, index fut -2428 crs, options. -2937 crs, stk fut -5457 crs
✏️OI pcr 0.77, IV 16.9, basis 78.55
OI: pe 23000 (support) ce 23500 (resistance)

🖊️ _intra view : gifty nifty 50+ pts. At critical options put writing support of 23k_ ▪️Support 23000/22875
Resistance 23150/23280_

👉 Broader view:Choppy range bound moves expected in 22900-23400 range.22900 coincides to be critical technical+ options put writing support zone.23000

Refer research disclaimers on
https://bit.ly/3UN5lxi

614

JMFS Research Official

21 Jan, 02:57

*JMFS ViewPoint: NiftyBank Outlook 21 JAN 2025*

- FIIs Long : Short Ratio 17% : 83%
- India VIX at 16.42
- FIIs outlook is hedged for indices & slightly positive FnO stocks

- BNF witnessed short covering + its PCR_OI is at 0.65 indicating at a slightly positive outlook

- BN crossed 49100 resistance. Next level of resistance at 49800 followed by 50000/50400 range (crucial resistance)

- CE OI witnessed major unwinding with simultaneous PE OI additions

- Support rises to 49000 now

- All spot levels

*View:* As highlighted for actionable in yesterday’s note to look for fresh longs only above 49100+ levels. On expected lines, once this resistance was breached, BN breezed towards 49600+. BN will now approach crucial resistance (positionally) towards 50400 odd levels.

*Actionable:* Hold longs for 49800/50200/50500 TGTs with support SL now to 49000 on closing basis (all spot levels)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

754

JMFS Research Official

21 Jan, 02:18

*JMFS DERIVATIVES: Nifty view point*

▪️global mkts +ve ,oil 80.3, dollar index 108.4 USD INR 86.56,, US 10 yr yelld 4.55
✒️FII cash -4336 crs, index fut -297 crs, options. +11734 crs, stk fut -812 crs

✏️OI pcr 1.03, IV 16.6, basis 55
OI: pe 23000 (support) ce 23500 (resistance)

🖊️ _intra view : gifty nifty +ve. If holds to gap up gains expect break of 23400 &head for 23500. Support 23200_

👉 Broader view:Choppy/ rangebound e
in 23000-23500 range, but probably setting up for 23500 breakout.

Refer research disclaimers on
https://bit.ly/3UN5lxi

708

JMFS Research Official

20 Jan, 02:42

*JMFS ViewPoint: NiftyBank Outlook 20 JAN 2025*

- FIIs Long : Short Ratio 16% : 84%
- India VIX at 15.75
- FIIs outlook is cautious for indices & slightly negative FnO stocks

- BNF witnessed short build up + its PCR_OI is at 0.55 indicating at a cautious outlook

- Resistance grows stronger around 49000 again. Aggressive OI additions seen in 49000 CE with simultaneous OI unwinding in 49000 PE

- Crucial support of 48000

- All spot levels

*View:* BN, although defended 48500 on closing basis, may now consolidate between 48000 to 49000/49100 range. Crucial to take out 49000+ resistance for further upside.

*Actionable:* Fresh longs above 49100+.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

819

JMFS Research Official

20 Jan, 02:34

*JMFS DERIVATIVES: Nifty view point*

▪️global mkts +ve ,oil 80.71, dollar index 109.22 USD INR 86.61,, US 10 yr yelld 4.63
✒️FII cash -3318 crs, index fut -2406 crs, options. -13994 crs, stk fut -845 crs

✏️OI pcr 0.91, IV 15.2, basis 64
OI: pe 23000 (support) ce 23500 (resistance)

🖊️ _intra view : gifty nifty +45 pts. If holds to gap up gains expect retest of 23400. Support 23100-150 zone_

👉 Broader view:Choppy rangebound moves expected in 23000-23500 range.

Refer research disclaimers on
https://bit.ly/3UN5lxi

794

JMFS Research Official

17 Jan, 03:32

*JMFS DERIVATIVES: Nifty view point*

▪️global mkts mixed ,oil 81.56, dollar index 108.96 USD INR 86.55,, US 10 yr yelld 4.62
✒️FII cash -4341 crs, index fut -880 crs, options. +18181 crs, stk fut -451 crs

✏️OI pcr 1.01, IV 16.3, basis 65
OI: pe 23000 (support) ce 23500 (resistance)

🖊️ _intra view : gap down as hinted by gifty nifty. At the resistance area of 23350 nifty failed to maintain yesterday's gap up gains. If fails to get past 23350-400 zone correction till 23200/23100_

👉Broader view stays weak till below 23500. Choppy rangebound moves expected in 23000-23500 range.

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,223

JMFS Research Official

16 Jan, 02:54

*JMFS ViewPoint: NiftyBank Outlook 16 JAN 2025*

- FIIs Long : Short Ratio 17% : 83%
- India VIX at 15.30
- FIIs outlook is positive for indices & FnO stocks

- BNF witnessed further unwinding of OI + its PCR_OI is at 0.59 indicating at a sideways to positive outlook

- 49000 CE witnessed some OI additions. Short covering above this level on closing basis

- All spot levels

*View:* BN broke 49000 although not on closing basis but BN is possibly heading towards its next level of resistance range 49500-49800 levels. On closing basis, BN needs to defend 48500 today.

*Actionable:* Bull Call Spread in BN - Buy 49000 CE @ 620 & Sell 50000 CE @ 270. Total premium outflow 350 pts: SL 200 pts & TGT 600-800 pts.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,371

JMFS Research Official

16 Jan, 02:18

*JMFS DERIVATIVES: Nifty view point*

▪️global mkts +ve ,oil 82.14, dollar index 109.04 USD INR 86.37,, US 10 yr yelld 4.67
✒️FII cash -4533 crs, index fut +186 crs, options. -65548 crs, stk fut +1664

_fii buying stock FUT in last 4 days_

✏️OI pcr 0.82, IV 15.7, basis 52
OI: pe 23000 (support) ce 23500 (resistance)

🖊️ _intra view : strong gap up hinted by gifty nifty. 23500 CE writers can be challenged. If nifty holds on to gap up gains in the first hour, expect a strong close today, expiry can be at/Abv 25500_

👉Sustenance Abv 25500 holds key. If it does a pre budget rally on short unwinding can see 24k.Support 23200.

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,029

JMFS Research Official

15 Jan, 02:57

*JMFS ViewPoint: NiftyBank Outlook 15 JAN 2025*

- FIIs Long : Short Ratio 17% : 83%
- India VIX at 15.47
- FIIs outlook is sideways for indices & positive for FnO stocks

- BNF witnessed short covering + its PCR_OI is at 0.60 indicating at a bounce back outlook

- CE OI unwinding witnessed in 49000 CE against small OI additions in 49000 PE

- 49000 is the immediate resistance

- All spot levels

*View:* A follow up buying today can indicate at a stronger short covering scenario + needs to cross 49000 resistance. In any case, crucial support now at 47900 (recent low). If 49000 is taken out, BN can head towards next resistance range of 49400-49800.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,197

JMFS Research Official

15 Jan, 02:55

*JMFS DERIVATIVES: Nifty view point*

▪️global mkts mild +ve ,oil 79.89, dollar index 109.29, USD INR 86.67,, US 10 yr yelld 4.79
✒️FII cash -8132 crs, index fut -458 crs, options +22951 crs, stk fut +3958

*Massive buying index options in last 2 days (over 53000 crs)- option writers caution. Sharpy trading rally may unfold either way*

_fii buying stock FUT in last 3 days_

✏️OI pcr 0.86, IV 15.5, basis 95
OI: pe 23000 (support) ce 23500 (resistance)

🖊️ _intra view : mild positive open hinted by gifty nifty.However, Nov lows 23263 broken.quiet session yesterday, neutral. 23275/23500 resistance_.

👉Broader data points are still weak but improving. Short term: Any short covering rally can be expected only Abv 23500. 22900/23000 would be the support/ downside

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,173

JMFS Research Official

14 Jan, 02:55

*JMFS ViewPoint: NiftyBank Outlook 14 JAN 2025*

- FIIs Long : Short Ratio 15% : 85%
- India VIX at 16
- FIIs outlook is cautious for indices & slightly positive for FnO stocks (2 long positions against 1 short)

- BNF witnessed no significant OI additions + its PCR_OI is at 0.56 indicating at an oversold trend

- 48000 straddle still sees strength in PE writers as long as this level is defended on closing basis

- Resistance at 48600 followed by 49000

- All spot levels

*View:* Derivative & technically oversold is BN. Expected for a bounce back but timing this bounce back is difficult this time. Trading range for today 47900 to 48600.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,392

JMFS Research Official

14 Jan, 02:04

*JMFS DERIVATIVES: Nifty view point*

▪️global mkts weak,oil 80.81, dollar index 109.64, USD INR 86.59,, US 10 yr yelld 4.77
✒️FII cash -4892 crs, index fut -1419 crs, options +28048 crs, stk fut +2247

*Massive buying index options- option writers caution. Sharpy trading rally may unfold either way*

✏️OI pcr 0.72, IV 16.5, basis 76
OI: pe 23000 (support) ce 23500 (resistance)

🖊️ _view : positive open hinted by gifty nifty.However, Nov lows 23263 broken.intraday oversold parameters, so day trading pullback attempt likely. 23275/23500 resistance_.

👉Broader data points are still weak. Short term: Any short covering rally can be expected only Abv 23500. 22900/23000 would be the support/ downside

Refer research disclaimers on
https://bit.ly/3UN5lxi

948

JMFS Research Official

13 Jan, 02:19

*JMFS DERIVATIVES: Nifty view point*

▪️global mkts weak,oil 81.16, dollar index 109.6, USD INR 85.96, US 10 yr yelld 4.77
✒️FII cash -2254 crs, index fut -1020 crs, options -468 crs, stk fut +3867
✏️OI pcr 0.88, IV 14.9, basis 69
OI: pe 23000 (support) ce 24000 (resistance)

🖊️ _view : Nov lows 23263 pivotal level. Volatility +/-100 pts around 23250, sustenance by days close above 23250 is the key for today_

👉Data points are still weak. 23600 Abv only short covering likely. Till then 23250/22900 would be the support/ downside

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,146

JMFS Research Official

10 Jan, 09:43

Bank Nifty 48,650 (Down by 850 Points) 🔽🔽🔽🔽

On expected lines, BN witnessed a sharp fall once it breached the crucial support zone of 49,400-500 in today's session.

1,529

JMFS Research Official

10 Jan, 01:26

NIFTY Outlook 10Jan’25

NIFTY: 23526.90 (-0.69%)

Ø India VIX: 14.66%
Ø FII Long/Short Ratio: 16%:84%
Ø Nifty futures witnessed short addition of 6.7%

👉🏼 Options OI set-up:

-- 16Jan weekly expiry begins on lighter positions with no major open interest built-up in options. OIPCR is at 0.70 indicating a mildly negative bias

-- Highest OI stands at 24000 CE/ 23800 CE and on the puts side at 22500 PE followed by 23000 PE. Total OI at each of these strikes is below 0.7Lacs

🎯 View: Indecisive & volatile within 23500-23700 range

-- Lighter positions imply possibility of a huge directional move of 400-500 points in case of a range breakout.

-- Resistance at 23700/ 23830 & Support at 23450/23260

▶️ Trading Strategy: Long Strangle for 16Jan weekly expiry

Buy 23700 CE+ 23400 PE at a combined premium of 220-230
Target: 450 SL: 125

For Intraday directional traders, on spot Nifty basis

🔻 Sell below 23460
Target: 23360/23280
SL: 23560

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,500

JMFS Research Official

09 Jan, 03:14

*JMFS ViewPoint: NiftyBank Outlook 9 JAN 2025*

- FIIs Long : Short Ratio 19% : 81%
- India VIX at 14.46
- FIIs outlook is hedged for indices & negative for FnO stocks

- BNF witnessed short build up + its PCR_OI is at 0.69 indicating at a cautious trend

- OI additions were witnessed in 50000 CE & 51000 CE. No significant OI additions on the PE side

- Immediate resistance around 50000 followed by 50500

- All spot levels

*View:* Intraday support around 49400 below which it can test lower levels of 48500. Sell on rise structure remains until it crosses above 50500 on a closing basis.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,460

JMFS Research Official

09 Jan, 01:46

NIFTY Outlook 09Jan’25

NIFTY: 23688.95 (-0.08%)

Ø India VIX: 14.47%
Ø FII Long/Short Ratio: 19%:81%
Ø Nifty futures witnessed short addition of 4%

👉🏼 Options OI set-up :

-- For 09Jan weekly, highest OI at 24000 CE followed by 23800 CE & 23500 PE

-- OIPCR improves to 0.72 but yet signals call writers dominance

🎯 View: Indecisive & volatile within 23500-23800/850 range

-- Expected weekly expiry range: 23500-23800.
Any intraday move above 23830 will trigger a short covering rally that can see Nifty test 24000

-- Support for the day stands strong at 23500

▶️ Trading Strategy: For intraday basis spot Nifty,

🟢 Buy only above 23840
Target: 23980/ 24050
SL: 23750

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,176

JMFS Research Official

08 Jan, 01:53

NIFTY Outlook 08Jan’25

NIFTY: 23707.90 (0.39%)

Ø India VIX: 14.66%
Ø FII Long/Short Ratio: 20%:80%
Ø Nifty futures witnessed minor long addition of 1%

👉🏼 Options OI set-up:

-- For 09Jan weekly, highest OI at 24000 CE & 23000 PE followed by 23200 PE

-- OIPCR improves a tad to 0.69 but yet signals call writers dominance

🎯 View : Pull-back attempt but lacks confidence. A small bodied Doji indicates indecisiveness.

-- As indicated Nifty did give a bounce-back and faced selling pressure around resistance zone of 23800. Only on a sustained move above 23800-850 area, Nifty will head towards the next psychological resistance of 24000.
As long as it trades below 23850, probability of another round of sell-off cannot be ruled out.

-- Downside support area stands at 23550-600 zone, breach of which will attract fresh shorts that can drag Nifty down to 23250

▶️ Trading Strategy: For intraday basis spot Nifty ,

🟢 Buy only above 23840
Target: 23980/ 24050
SL: 23750
OR
🔻 Sell below 23630
Target: 23500/ 23400
SL: 23730

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

876

JMFS Research Official

07 Jan, 01:58

NIFTY Outlook 07Jan’24

NIFTY: 23616.05 (-1.62%)

Ø India VIX: 15.65%
Ø FII Long/Short Ratio: 18%:82%
Ø FII’s added 780 Crs. of longs in Nifty futures

👉🏼 Options OI set-up:

-- For 09Jan weekly, highest OI at 24000 CE & 23000 PE

-- Significant unwinding noted in 24000 & 23700 puts and short additions noted at 24000/23900/23800 calls. OIPCR dips down to 0.56 (support)

🎯 View : Volatile- A dead cat bounce before another round of selling on cards

-- Failure to hold 23800 support attracts fresh shorts. Trading support at 23500 breach of which can see Nifty re-test Nov low around 23250 mark.

-- Oversold OIPCR calls for a Dead cat bounce. Immediate resistance in 23800-850 zone above which 24000 will again act as a major hurdle.

▶️ Trading Strategy: Long Strangle strategy for 16Jan weekly expiry

Buy 23800 CE & 23500 PE at combined premium of 400-410

Target: 650/725
SL: 275

Rationale : Volatility likely to remain high for Jan month and increase further as we near the Union Budget phase. Huge directional move on either sides combined with rising India VIX will bode well for long options

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,072

JMFS Research Official

06 Jan, 08:54

Nifty 23,601 (Down by 375 Points) 🔽🔽🔽🔽

On expected lines, the markets witnessed a sharp fall once Nifty breached an inside day low of 23,976 in today's session.

944

JMFS Research Official

06 Jan, 06:19

Recommended to hedge positions with 50000 PE buying if BN breaks below 50500 ✅

Strong selling below 50500 >> 50050 ✅

980

JMFS Research Official

06 Jan, 02:14

*JMFS ViewPoint: NiftyBank Outlook 6 JAN 2025*

- FIIs Long : Short Ratio 17% : 83%
- India VIX at 13.59
- FIIs outlook is sideways for indices & slightly negative for FnO stocks

- BNF witnessed short build up + its PCR_OI is at 0.83 indicating at a cautious trend

- Aggressive OI additions witnessed in major CE strike prices whilst PE strike prices witnessed OI unwinding

- Highest OI on the CE side is at 52000 CE with 1.13 L contracts

- All spot levels

*View:* BN closed just around 51000 on weekly basis indicating an indecisive move. Resistance around 51500-51700 range followed by 52200. Any break below 50900 can retest the lower & crucial support of 50500-50400 range (200 EMA). And any break below this, will open gates for 49500 for the series. BN continues to consolidate in this 1000 pt range between 50500 to 51500 broadly.

*Note:* If the 200 EMA support breaks, hedge position with buying of 50000 PE option. Until then, expect BN to remain in a range between 50500 to 51500 and either side break of the levels can determine further trend.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,211

JMFS Research Official

06 Jan, 02:02

NIFTY Outlook 06Jan’24

NIFTY: 24004.75 (-0.76%)

Ø India VIX: 13.54%
Ø FII Long/Short Ratio: 17%:83%
Ø FII’s added 1336 Crs. shorts in futures

Options OI set-up:

-- For 09Jan weekly, highest OI at 24500 CE followed by 24200 CE
-- On the puts side, highest OI at 23700 PE followed by 24000 PE

🎯 View : Volatile within 23700-24250 band

-- Immediate resistance at 24250 from where frequent bouts of profit booking can be witnessed. A close above 24250 will see Nifty scale higher up to 24550-600 area.

-- Immediate trading support stands in the area of 23950-24000 below which 24800 becomes a crucial support for resumption of uptrend.

▶️ Trading Strategy: Nifty Buying level triggered at 24000 spot level

Continue to hold & add more in case of dips close to 23940

Target: 24250/24550
SL: 23800

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,129

JMFS Research Official

03 Jan, 07:41

*IMP Update* -

From now on , *Sensex Expiry will be on every Tuesday*, 1st expiry with Tuesday is on 7th Jan

(Bankex monthly expiry will also be on Tuesday with 1st monthly expiry on Jan 28)

Kindly take note of above.

1,213

JMFS Research Official

03 Jan, 02:19

*JMFS ViewPoint: NiftyBank Outlook 3 JAN 2025*

- FIIs Long : Short Ratio 19.5% : 80.5%
- India VIX at 13.74
- FIIs outlook is cautious for indices & slightly negative for FnO stocks

- BNF witnessed long build up + its PCR_OI is at 1.03 indicating at a positive trend

- 52000 straddle OI additions continue to see aggressive additions

- Support at 51000 on closing basis

- All spot levels

*View:* BN manages to hold on to 51000 on closing basis & today being the weekly close, this level still holds its importance. Immediate resistance of 52000/52200 range above which it can head towards 53000+ mark.

*Actionable:* Buy on declines around 51500-51400 with SL 51000 & TGT 52200 (all spot levels)

*Rationale:* BN managed to cross above 51000 mark & trading around 51600 currently. Today is a weekly close & if it manages to hold on to 51000 mark, it can test the next area of resistance towards 52000+.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,615

JMFS Research Official

03 Jan, 01:25

NIFTY Outlook 03Jan’25

NIFTY: 24188.65 (1.88%)

Ø India VIX: 13.74%
Ø FII Long/Short Ratio: 19.5%:80.5%
Ø Nifty futures witnessed short covering of 3.4%. FII’s buy 2134Crs of futs

👉🏼 Options OI set-up :

-- New weekly expiry of 09Jan begins with highest OI in near strikes at 24200 CE followed by 24500 CE and on puts side at 24000 PE followed by 23900 PE

-- OIPCR for 09Jan quotes at 1.20- Positive

🎯 View: Nifty is out of the woods for near term!!

-- 24200 Straddle gains traction in terms of OI additions. Premium pricing of 385 gives us a broad range of 23835-24585 for the week.

-- Immediate resistance at 24250 from where some profit booking can be witnessed. A weekly close above 24250 will see Nifty scale higher up to 24550-600 area by next week.

-- Immediate trading support stands in the area of 23950-24000 below which 24800 becomes a crucial support for continuation of positive trend.

▶️ Trading Strategy : Nifty basis spot levels,

🟢 Buy on dips close to 24000+/- 40 points
Target: 24250/24550
SL: 23800

OR
🟢 Buy above 24250 for a Target of 24550 keeping a SL of 24050

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,229

JMFS Research Official

02 Jan, 07:09

NIFTY 24050 🚀🚀🚀

Crystal clear View shared in morning note- expiry related short covering can see a sharp move up-to 24050-24100 🎯

1,342

JMFS Research Official

27 Dec, 02:54

*Summary of Rollovers 26DEC2024*

FIIs - Outlook sideways for indices & positive for FnO stocks with LSR 19% : 81%.

- Nifty final rollovers at 78% with 0.7 roll cost which is in-line with its 3 months avg of 77%

- Market wide rollovers at 89% which is also in-line with its 3 months avg of 88%. Stock futures rollovers at 93% which is in-line with avg of 92%

- Nifty starts the Jan’25 series with 11.16mn shares compared to 11.78mn shares last series

- Nifty rollovers took place in the range between 23650 to 22850

- Strong rollovers seen in Realty (91%), Private Banks, Cement

- Weak rollovers seen in Automobile (91%), Capital Goods (92%), Metals (90%), Chemicals, Media

- Mixed sentiments seen in Technology (85%), Finance (92%), Fmcg (91%), Oil & Gas, Pharma

- Long rollovers seen in Hdfcbank (98%), Icicibank (98%), Bhartiartl (98%), M&M (93%), Ramcocem (95%), Indigo (95%), Hdfcamc (97%)

- Short squeeze seen in Unitdspr (98%), Trent (95%), Dlf (96%)

- Short rollovers seen in Axisbank (97%), Astral (97%), Hindcopper (96%)

- New Age stocks higher rollovers seen in Paytm (95%), Jiofin (92%), Cdsl (92%), Zomato (90%), Policybzr (90%), Lodha (91%)

- Nifty starts the Jan’25 series with highest OI on weekly expiry at 24000 CE with 0.62 L contracts & on the PE side, it is at 23800 PE with 0.60 L contracts

- The monthly expiry shows the highest OI at 24000 straddle: CE with 1.27 L contracts & PE with 1.86 L contracts

- Immediate resistance around 24000/24200 range. If closes above 24000 mark on a weekly basis, recovery bounce back can be seen towards 24500/24800 range in the initial days of Jan’25 series. Crucial support of 23600 below which it can test 23000

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

576

JMFS Research Official

26 Dec, 03:06

*Summary of Rollovers: D-1 for Nifty & Final Rollovers for BankNifty*

FIIs - Outlook slightly cautious for indices & slightly positive for FnO stocks with LSR at 24% : 76% + India VIX at 13.18.

*Nifty & Sectoral*

- Nifty rollovers at 60% with 0.7 roll cost vs 56% last series

- Sectoral wise higher rollovers seen in Textile (83%), Realty (80%), Fmcg (81%)

- Stock wise higher rollovers seen in Untidspr (92%), Idfcfrstbnk (89%), Hdfcbank (88%), Supremeind (88%), Cholafin/Icicipruli/Naukri/Crompron (87%), Oil/Hul (86%)

- Expected expiry range for Nifty today is between 23650 to 23850. Above 23850, expiry can get extended towards 24000

*BankNifty Final Rollovers*

- BN final rollovers at 68% with 1 roll cost which is slightly lesser than its 3 months avg of 71%

- BN starts the Jan’25 series with 2.01mn shares in comparison to 1.87mn shares last series

- BN starts the Jan’25 series with highest OI on the PE side at 50000 PE with 0.42 L contracts

- On the CE side, highest OI is at 55000 CE with 1.2 L contracts followed by 54000 CE with 0.66 L contracts

- Crucial support for the series is at 50400/50000 range. Immediate resistance at 52000 above which it can retest 53000/53500 range

*Overall View:* Rollovers are pretty much in-line with their averages indicating a positive recovery may be seen for Jan’25 series if the support level is defended. BN rollovers took place mostly in the range of 50600 to 51500 (in support range).

*Actionable for BN for Jan’25 series:* Buy BN on declines towards 51000/50700 for TGT 52500/53000. Hedge the position with buying of 50500 PE around 400; SL 49500 (all spot levels)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

724

JMFS Research Official

24 Dec, 02:12

*Summary of Rollovers: Day 2 for Nifty & D-1 for BankNifty*

FIIs - Outlook sideways for indices & positive for FnO stocks with LSR at 30% : 70% & India VIX at 13.52.

- Nifty rollovers at 36% with 0.7 roll cost vs 39% last series

- BN rollovers at 53% with 0.9 roll cost vs 52% last series

- Sectoral wise higher rollovers seen in Textile (64%), Realty (63%), Fmcg (60%), Banking (59%)

- Stock wise higher rollovers seen in Hdfcbank (73%), Unitdspr/Jswenergy (71%), Oberoirlty (70%), Asianpaint (69%), Aubank/Pnb/Ltf (69%), Godrejprop (67%)

- Nifty support rises to 23650/23600 for this expiry & immediate resistance at 23850 above which it can test 24000. This can be the expected expiry range

- BN expected expiry range between 51100 to 51500. Above 51500, expiry range can get extended towards 52000

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

965

JMFS Research Official

23 Dec, 02:38

*Summary of Rollovers: Day 2 for BankNifty & Day 1 for Nifty*

FIIs - Outlook cautious for indices & slightly negative for FnO stocks with LSR dropping to 31% : 69%. India VIX is at 15.07

- Nifty rollovers at 28% with 0.7 roll cost vs 30% last series

- BN rollovers on Day 2 at 37% with 0.8 roll cost vs 38% last series

- Sector specific higher rollovers seen Banking (40%), Realty(37%), New Age (34%), Technology (34%)

- Stock specific higher rollovers seen in PNB (57%), Shreecem/LTF/Oil (50%), Ofss/Bajfinance (48%), Zomato/Dreddy/Poonawalla (46%)

- Nifty witnessed aggressive OI additions in all major strike prices from 23600 CE to 24200 CE. Immediate resistance at 24000 followed by 24200. Immediate support towards 23000 straight

- BN expected trading range until the expiry is between 50000 to 51500

*Overall View:* Rollovers are starting in-line with last series. Expect the indices to test the lower end of the support range before witnessing any meaningful bounce back.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,213

JMFS Research Official

20 Dec, 09:14

FINNIFTY Intraday Strategy recommended to sell below 23790

FN melts down to 23600

Intraday gain of 190 points 🎯🎯

1,351

JMFS Research Official

20 Dec, 03:02

*JMFS ViewPoint: Nifty Outlook 20 DEC 2024*

- FIIs Long : Short Ratio 32% : 68%
- India VIX at 14.51
- FIIs outlook is sideways for indices & negative for FnO stocks

- NF witnessed minor short build up + its PCR_OI is at 0.92 indicating at an indecisive trend

- The final expiry week shows immediate high OI at 24000 straddle: CE with total OI of 2.52 L contracts & PE with 3.29 L contracts

- Immediate resistance at 24000 followed by 24200

- All spot levels

🎯 *View:* A weekly close below 24000 today will favour the bears for further downside towards 23500 & below.

▶️ *Actionable:* Long Strangle Nifty 2 JAN 2025 Expiry - Buy 23600 PE @ 135 & Buy 24200 CE @ 195. Total premium outflow 330 pts, SL 150 pts & TGT 700+ pts, all in combined premium.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,537

JMFS Research Official

20 Dec, 02:11

FINNIFTY Outlook 20Dec’24

FINNIFTY: 23906.60 (-1.21%)

Ø India VIX at 14.51%
Ø FII long short ratio 32.5%:67.5%
Ø Futures witnessed unwinding of 6.4%

👉🏼 Options OI Set-up

-- For Dec series, highest OI in near strikes is at 24500 CE followed by 24000 CE and on the puts side at 23500 PE followed by 24000 PE.

-- OIPCR for Dec series stands at 0.63 indicating dominance of call writers.

🎯 View : Set-up sideways to negative!! Any intraday pull-back attempt can turn out to be a dead-cat bounce until we see a close above 24120

-- Resistance heads southwards at 24100-130 area. Crucial for FN to give a weekly close above 24120 for corrective price action to halt.

-- On the downside, immediate trading support stands at 23780 breach of which can see FN slide further down towards 23400 with minor stopover around 23600

▶️ Trading Strategy: For Intraday spot basis,

Sell below 23790 for Targets of 23670/ 23600 keeping a SL of 23910

Disclaimer: : bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,334

JMFS Research Official

19 Dec, 03:23

*JMFS ViewPoint: Nifty Outlook 19 DEC 2024*

- FIIs Long : Short Ratio 35% : 65%
- India VIX at 14.37
- FIIs outlook is cautious for indices & FnO stocks

- NF witnessed minor short build up + its PCR_OI is at 0.55 indicating at a cautious trend

- Aggressive OI additions seen in 24200/24300/24400 CE strike prices

- On the PE side, OI additions was seen in 24200/24150 PE

- Crucial support of 24000 on closing basis

- Resistance at 24200 followed by 24400

- All spot levels

🎯 *View:* A gap down start around 24000 level will be crucial to watch as it is the crucial support for the series. Resistance now grows stronger around 24200 and 24400 respectively. Today is also the weekly expiry which can add on to more intraday volatility. Expected expiry range 23950 - 24150.

▶️ *Actionable:* Avoid fresh selling if any gap down towards 24000/23950 happens. Wait for an hour to see if this crucial support is defended or not.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,245

JMFS Research Official

19 Dec, 01:57

FINNIFTY Outlook 19Dec’24

FINNIFTY: 24198.34 (-1.23%)

Ø India VIX at 14.37%
Ø FII long short ratio 36%:64%
Ø Futures witnessed short addition of 13.3%

👉🏼 Options OI Set-up

-- For Dec series, huge OI concentration is noted at 25000 CE followed by fresh additions in 24800, 24600 & 24500 calls

-- On the puts side, minor OI distribution is scattered all over the place with no single strike holding any dominance.

🎯 View: Failure to reclaim 24500 mark led to further weakness breaching last week’s low as well.

-- Earlier support of 24500 will now act as resistance above which bigger resistance stands at 24700 mark.

-- On the downside, immediate trading support stands at 24120 which is the 50 DEMA. Breach of support can see FN slide down all the way to 23850-900 zone.

▶️ Trading Strategy: Continue to hold Iron Condor Strategy initiated on 16th Dec

For Intraday spot basis,

🔴 Sell below 24120 for Targets of 24040/ 23900 keeping a SL of 24250

📍In case of a gap down below 24120, wait for the 1st hour of price action to initiate fresh positions.

Disclaimer: : bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,280

JMFS Research Official

18 Dec, 03:30

*JMFS DERIVATIVES: BANKNIFTY VIEW POINT*

🔅broader view: 51700 key support. Short term choppy in 52000-54000
🔅PCR : 0.69 CE writing heavier at 53500 strikes.(Negative)

🔅FII : index futures noted short additions in last 2 sessions. 541 crs sold in BN yesterday (negative)

✒️Option major oi set at 53000 /52500 PE & 53500 CE

✒️Long liquidation noted in majority of bank stocks. Breadth weak(negative)

✏️ _INTRADAY lower band of 9 sessions support of 53200 52500 & 52000 now downside support. resistance at 53200_

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,117

JMFS Research Official

18 Dec, 02:00

FINNIFTY Outlook 18Dec’24

FINNIFTY: 24498.90 (-1.44%)

Ø India VIX at 14.49%
Ø FII long short ratio 36%:64%
Ø Futures witnessed short addition of 24.4%

👉🏼 Options OI Set-up

-- For Dec series, highest OI across all calls & puts stands at 25000 CE. Significant additions noted at 24800/24700 calls as well.

-- On the puts side, there is no single strike with any major OI concentration. Scattered positioning seen at multiple strikes.

🎯 View : FN closed a tad below 24500 mark which is a sentiment dampener. It is crucial for FN to reclaim a move above 24700 for stability to return.

-- In case of continued sell-off, immediate support stands at 24415 below which a re-test of Friday’s swing low around 24275 can be seen.

-- In case of a pull back, earlier support of 24700 will now act as resistance

▶️ Trading Strategy: Directional trades can get tricky in this volatility.

Continue with Iron condor strategy for 31Dec expiry initiated yesterday

(In spite of 350 points correction, our strategy is at neutral- no profit no loss)

Sell 24800 CE+24800 PE at a combined premium of 630

As a hedge, buy 25400 CE+24200 PE at a combined premium of 210

Net premium inflow: 420 Points
Margin required: Rs.45000

Target: 350 points
SL: 150 points

Disclaimer: : bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,253

JMFS Research Official

17 Dec, 03:01

*JMFS ViewPoint: Nifty Outlook 17 DEC 2024*

- FIIs Long : Short Ratio 39% : 61%
- India VIX at 14.04
- FIIs outlook is range bound for indices & negative for FnO stocks

- NF witnessed minor long unwinding + its PCR_OI is at 0.9 indicating an indecisive trend

- Aggressive OI additions was seen in 24700/25000 CE strike prices

- No major OI additions seen in immediate PE strike prices

- Resistance of 24800/850 was not broken

- Immediate support of 24600 on closing basis

- All spot levels

🎯 *View:* Follow up buying was missing in yesterday’s session. It is crucial for Nifty to take out 24700 in today’s session for any upside strength. Else it can retest 24500/24300 range again.

▶️ *Actionable:* If 24700 spot is not taken out, exit from the 24800 CE option or (risk takers only) convert it into a spread to minimise the risk (by selling a OTM CE option such as 25000 CE around 50 premium). Total premium outflow risk will reduce to 80/85 pts.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,332

JMFS Research Official

17 Dec, 02:18

FINNIFTY Outlook 17Dec’24

FINNIFTY: 24857.00 (-0.09%)

Ø India VIX at 14.02%
Ø FII long short ratio 39%:61%
Ø Futures witnessed minor OI addition of 2.3%

👉🏼 Options OI Set-up

-- For Dec series, highest OI across all calls & puts stands at 25000 CE
-- OI additions for the day noted at 24800 straddle

🎯 View : Some more consolidation in play before the big move

-- Higher high, higher low formation on daily charts is a positive sign.

-- 24800 straddle OIPCR at 1.02 indicates immediate support and also a make or break point. Breach of 24800 will see a re-test of 24550-600 area.

-- As long as 24800 support is held on closing basis, chances of testing 25000/25200 levels are high.

▶️ Trading Strategy: Iron condor strategy for 31Dec expiry

Sell 24800 CE+24800 PE at a combined premium of 630

As a hedge, buy 25400 CE+24200 PE at a combined premium of 210

Net premium inflow: 420 Pts
Margin required: Rs.45000

Target: 350 points
SL: 150 points

Disclaimer: : bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,124

JMFS Research Official

16 Dec, 02:52

*JMFS ViewPoint: Nifty Outlook 16 DEC 2024*

- FIIs Long : Short Ratio 41% : 59%
- India VIX at 13.05
- FIIs outlook is hedged for indices & positive for FnO stocks

- NF witnessed short covering + its PCR_OI is at 1.12 indicating a positive trend

- Aggressive OI additions were seen in 24300/24400/24500/24700 PE

- On the CE side, OI additions was immediately seen in 24800 CE followed by 25100 CE

- All spot levels

🎯 *View:* On expected lines, Nifty took support from 24300/200 range after breaking 24500. The recovery seen was strongly supported by PE writers & bulls have the upper hand with a weekly close above 24600. Immediate resistance of 24850 above which 25000/25100 range can get tested on immediate basis. A follow up buying is important today for that upside levels to get tested.

▶️ *Actionable:* Official recommendation is to Buy 24800 CE 19 Dec expiry at 130/140 with SL 70 & TGT 200,260.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,135

JMFS Research Official

16 Dec, 02:08

FINNIFTY Outlook 16Dec’24

FINNIFTY: 24880.40 (0.62%)

Ø India VIX at 13.05%
Ø FII long short ratio 41%:59%
Ø Futures OI declined by 8.6%

👉🏼 Options OI Set-up

-- For Dec series, highest OI at 25000 CE & 24800 PE followed by 24000 PE

-- Highest activity at near strikes in terms of OI changes & concentration noted at 24800 straddle quoting at 600

🎯 View : 25000/25200 in sight!!

-- Strong closing in spite of extreme Intraday volatility strengthens the structure

-- High OI at 24800 straddle with OIPCR exactly at 1 makes this level a fulcrum point around which FN may spend some time before resuming the rally towards 25000. Straddle pricing of 600 hints at a broader trading range of 24200-25400

-- Immediate support at 24600 which is not likely to be breached for intraday.

▶️ Trading Strategy: For intraday FN basis spot,

🟢 Buy on dips close to 24600 +/- 25 points
Target: 24880/ 25000
SL: 24480
OR

In case FN moves higher without any declines,

🟢 Buy above 24915
Target: 25185/ 25250
SL: 24795

Disclaimer: : bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,150

JMFS Research Official

13 Dec, 03:08

*JMFS DERIVATIVES: BANKNIFTY VIEW POINT*

🔅broader view: 52750 breakout now offers support.
🔅PCR : 0.9 CE writing heavier at 54000 strikes.(Negative)

🔅FII : index futures noted short additions in last 3 sessions. 497 crs sold in BN yesterday (negative)

✒️Option major oi set at 53500 PE & 54000 CE

✒️Long liquidation noted in majority of bank stocks. Bread weak(negative)

✏️ _52700 now key short term positional support. INTRADAY 53200 support, profit booking likely if BN sustains below 53200_

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,388

JMFS Research Official

13 Dec, 02:54

Finnifty Oulook 13Dec'24

↔️ No change in FN set-up so far

👉 Weekly close above 24700 crucial to resume rally next week

👉 Breach of 24700 will see re-test of 24550-600 support zone & consolidate thereafter between 24500-24875 for next week

📍Stay light over the weekend- no carry fwd

1,258

JMFS Research Official

06 Dec, 05:00

Today’s actionable was to buy on declines around 24630 (avg), and now Nifty back to 23730+ (Intraday gains of 100 pts) ✅

691

JMFS Research Official

06 Dec, 03:34

FINNIFTY Outlook 06Dec’24

FINNIFTY: 24731.25 (0.69%)

Ø India VIX at 14.53%
Ø FII long short ratio 44%:56%
Ø Futures witnessed long unwinding of 2.3%

👉🏼 Options OI Set-up

-- For Dec series, highest OI at 25000 CE & 24000 PE followed by 24500 PE

-- Unwinding noted across strikes from 24400 to 24700 in calls

🎯 View : 24800 in sight but after some cool-off from 24600 levels- that’s exactly how FN moved. Volatile intraday swings likely even today.

-- Immediate resistance at yesterday’s high of 24875 above which doors will open up for 25000/25200 levels

-- Supports placed at 24560/ 24350

▶️ Trading Strategy: 24800 Target achieved!!

🟢 Positional trade : Buy on dips up to 24300 +/- 30 points for Targets of 25000/25200 keeping a SL of 24000

For intraday, wait for RBI policy outcome before initiating fresh directional trades to avoid getting trapped in volatile swings.

Disclaimer: : bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

754

JMFS Research Official

06 Dec, 03:26

*JMFS DERIVATIVES: BANKNIFTY VIEW POINT*

🔅broader view: 52750 breakout done, momentum continues. ATH in the making.
🔅PCR : 1.13. CE writing heavier at 54000 strikes.
🔴Profit booking likely in 54000-54200 zone.
🔅FII : index futures long addition in last 3 sessions.573 crs added in BN yesterday.

✒️Option major oi set at 53000 PE & 54000 CE

👉RBI policy on watch.

✒️ Axis Bank, Kotak Bank,SBIN in buy mode, Indus Ind bank possible support in making.
HDFC Bank near overbought zone (short term) ICICI Bank at key resistance 1340-50 area.

✏️ _53000 now key short term positional support. INTRADAY 53500 support, profit booking likely near 54000-54200 zone. view positive but overbought for INTRADAY trading_

Refer research disclaimers on
https://bit.ly/3UN5lxi

696

JMFS Research Official

06 Dec, 01:26

*JMFS ViewPoint: Nifty Outlook 6 DEC 2024*

- FIIs Long : Short Ratio 44% : 56%
- India VIX at 14.53
- FIIs outlook is hedged for indices & positive for FnO stocks

- NF witnessed short covering + its PCR_OI is at 1.24 indicating a positive trend

- Immediate high OI can be seen at 24500 PE & 25500 CE each with more than 1.6 L contracts respectively

- Support at 24500 on closing basis

- Immediate resistance around 24800/24850

- All spot levels

🎯 *View:* Extreme volatility witnessed yesterday, however, Nifty breezes past 24600 resistance & even closed above it. Around 24800/24850 zone, Nifty may witness resistance. Outlook is positive to test 25200 on a positional basis with support at 24500 on closing basis.

▶️ *Actionable (Positional):* Buy on declines around 24600/24650 with SL 24480 & TGT 24850/25000 (all spot levels)

*Rationale:* View is positive to break above 25000+ level if 24500 is defended on closing basis. Expecting immediate resistance around 24800 odd levels, and therefore, some consolidation between 24600 to 24800 may be seen before the break above 24800+ to test 25k. View negated on a close below 24500.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

742

JMFS Research Official

05 Dec, 09:12

FN 24800 Tgt achieved 🎯🎯

803

JMFS Research Official

05 Dec, 06:45

Nifty SL hit by 45 pts only. Quite a volatile move as Nifty zooms towards 24600+ now

823

JMFS Research Official

05 Dec, 05:33

View went wrong. Nifty SL hit as it breaks 24340 & makes low of 24295. Volatile day, today!

It quickly bounces again from 24295 lows to 24370+

850

JMFS Research Official

05 Dec, 02:41

*JMFS DERIVATIVES: BANKNIFTY VIEW POINT*

🔅52750 breakout done, momentum strong. ATH in the making. Strong traction in PSU bank's.
🔅PCR : 1.15. PE writing heavier at 52500/53000 strikes.
🔅FII :38 % longs

✒️Option major oi set at 52500 PE & 54000 CE

👉RBI policy on watch. Descion tommorow. Liquidity easing expected

✏️ _52500 now key short term support. INTRADAY 53000 support, view positive_

Refer research disclaimers on
https://bit.ly/3UN5lxi

844

JMFS Research Official

05 Dec, 02:13

*JMFS ViewPoint: Nifty Outlook 5 DEC 2024*

- FIIs Long : Short Ratio 38% : 62%
- India VIX at 14.45
- FIIs outlook is slightly positive for indices & negative for FnO stocks

- NF witnessed flat OI + its PCR_OI is at 1.14 indicating a sideways trend

- Expected expiry range for today between 24350 to 24550

- Next resistance at 24550 above which fresh upside can be seen

- All spot levels

🎯 *View:* On expected lines, Nifty tested 24550 and faced resistance around this level. Next fresh upside can be seen only above 24600.

▶️ *Actionable (Intraday):* Buy on declines around 24420/24400 with SL 24340 & TGT 24550 (all spot levels)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

780

JMFS Research Official

05 Dec, 01:53

FINNNIFTY Outlook 05Dec’24

FINNIFTY: 24562.60 (1.10%)

Ø India VIX at 14.45%
Ø FII long short ratio 38%:62%
Ø Futures witnessed long addition of 12%

👉🏼 Options OI Set-up

-- For Dec series, highest OI at 25000 CE & 24000 PE- Option writer’s broad range

-- Huge OI addition noted at 24600 straddle. Total OI at 24600 CE is higher compared to Put

🎯 View : 24500 target Achieved!!

24800 in sight but after some cool-off from current levels

-- OIPCR of 24600 strike is below 1 at 0.86 hinting at immediate resistance. Any improvement above 1 will see another sharp rally up to 24800.

-- Support base rises higher to 24450/ 24380

▶️ Trading Strategy : On Finnifty Spot basis,

For all those who are holding longs initiated as per the earlier recommendation can trail SL to cost at 24380 for 2nd target of 24800

For fresh longs,

🟢 Buy on dips up to 24450 for a Target of 24600 keeping a SL of 24380
OR
🟢 In case of no cool-off or dips, Buy on a move above 24615 for a Target of 24800 keeping a SL 24520

Disclaimer: : bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

819

JMFS Research Official

04 Dec, 09:04

FINNIFTY 24600+ 🎯🎯

823

JMFS Research Official

04 Dec, 05:46

Trading Strategy recommended today to Buy Finnifty above 24380

Made a high of 24574- close to Target of 24600 🎯

Intraday Gain of 194 Points 💰✅️

867

JMFS Research Official

04 Dec, 04:42

NIFTY 24550+ TGT Done ✅

889

JMFS Research Official

04 Dec, 02:50

*JMFS ViewPoint: Nifty Outlook 4 DEC 2024*

- FIIs Long : Short Ratio 36% : 64%
- India VIX at 14.37
- FIIs outlook is positive for indices & FnO stocks

- NF witnessed short covering + its PCR_OI is at 1.29 indicating a positive trend

- Aggressive OI additions seen in 24200/24300/24400/24450 PE strike prices

- On the CE side, 24700/24900 CE strike prices witnessed aggressive OI additions

- Next resistance at 24550

- Intraday support now rises to 24250

- All spot levels

🎯 *View:* Nifty close above resistance of 24350. Next level of resistance around 24550 levels. Any move above 24550, Nifty can test 24700/800 range. A follow up close above 24400 today can indicate further strength/more upside.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

902

JMFS Research Official

04 Dec, 02:36

*JMFS DERIVATIVES: BANKNIFTY VIEW POINT*

🔅52750+/-200 PTS key pivotal level. A directional move in making of over 1000 PTS from pivotal level.
🔴 Caution zone for option writers
🔅PCR : BN Neutral
🔅Global : Neutral.

🖊️FII 36%longs

✒️Option major oi set at 52000 PE & 53000 CE

👉RBI policy on watch this week

✏️ _INTRADAY slight cool off likely ahead of event. Support 52500/52250_

Refer research disclaimers on
https://bit.ly/3UN5lxi

831

JMFS Research Official

04 Dec, 02:02

FINNIFTY Outlook 04Dec’24

FINNIFTY: 24296.55 (0.93%)

Ø India VIX at 14.37%
Ø FII long short ratio 36%:64%
Ø Futures witnessed long addition of 9%

Options OI Set-up:
-- For Dec series, highest OI at 25000 CE & 23500 PE- Option writer’s broad range

-- In near strikes, high OI concentration at 24800 CE followed by 24500 CE and on the puts side at 24000 PE followed by 24100 PE

🎯 View: Positive for a gradual move up to 24500/24800

-- Immediate Resistance from a short term weekly time frame is at last week’s high of 24380 while support stands at 24100/24000

▶️ Trading Strategy: On Finnifty Spot basis,

🟢 Buy above 24380 for a Target of 24600 keeping a SL of 24300

OR

🟢 In case of a cool-off, Buy on dips up to 24050 for a Target of 24350/24500 keeping a SL of 23900

Disclaimer: : bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

813

JMFS Research Official

03 Dec, 10:09

Actionable recommended in NIFTY today to above 24350, made highs of 24480+

Gains of 120+ pts intraday ✅

851

JMFS Research Official

21 Nov, 03:25

JMFS DERIVATIVES: Nifty view point

_broader view_ : volatile near ear key 200 moving avg support 23500+/-150 pts

Options 28 nov OI major set at 23000 pe & 24800 CE

Nov : FII sold 34300+ crs in cash & 1969 crs in fut. Vix at 16.18 %

_Intra view_
👉23500 pivot level. (Moving AVG support)
👉23300 pe & 23800 CE define today support & resistance
👉OI PCR 0.8 CE writing presence high at 23800.

FII bought 1983 crs yesterday in nifty with option selling of 11111 crs

_direction for the day_
Gifty nifty hints -ve open
👉 Nifty trying to get support on INTRADAY. No positional evidence as yet.

Refer research disclaimers on
https://bit.ly/3UN5lxi

672

JMFS Research Official

21 Nov, 02:23

*JMFS ViewPoint: FinNifty Outlook 21 NOV 2024*

- FIIs Long : Short Ratio 26% : 74%
- India VIX at 16.18
- FIIs outlook positive for indices & FnO stocks

- FNF witnessed aggressive short covering + its PCR_OI is at 0.66 indicating a slightly positive outlook

- The new weekly expiry shows the highest OI at 23500/24000 CE

- 23400 straddle also has equally high OI of more than 3k contracts & it will be crucial to watch any further OI additions to determine a further trend

- Resistance continues to be at 23500

- Immediate support at 23200

- All spot levels

🎯 *View:* A close above 23500 can lead see short covering towards 23800++ levels. Hedge positions on a close below 23200.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

701

JMFS Research Official

21 Nov, 02:04

BANKNIFTY Outlook 21NOV’24

Buy on dips- Sell on rise scenario continues...

Resis: 50800/51000
Support: 50000/ 49800

Only a move beyond this band will set stage for a directional move of another 1000 points in that direction.

Till then expect time correction within the mentioned range for Nov series

696

JMFS Research Official

19 Nov, 09:59

Perfect expiry range for FN today between 23200 to 23400 ✅
Shared in today’s note

824

JMFS Research Official

19 Nov, 02:29

*JMFS ViewPoint: FinNifty Outlook 19 NOV 2024*

- FIIs Long : Short Ratio 24% : 76%
- India VIX at 15.17
- FIIs outlook slightly positive for indices & FnO stocks

- FNF witnessed minor long build up + its PCR_OI is at 0.78 indicating a slightly positive outlook

- Aggressive OI additions were witnessed in 23000/23100 PE & 23300/23400 CE

- Intraday support 23200

- Expected expiry range 23200 to 23400

- All spot levels

🎯 *View:* No clear direction. Multiple resistances around 23400 (+-50 pts). Expiry move may see past these resistances, however, for any reversal, a close above 23500 is required.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

883

JMFS Research Official

19 Nov, 01:53

JMFS DERIVATIVES: Nifty view point

_broader view_ : near key 200 moving avg support 23500+/-150 pts

Options 28 nov OI major set at 23000 pe & 24000 /24800 CE

Nov : FII sold 29000+ crs in cash & 4300 crs in fut. Vix at 14.78 %

_Intra view_
👉23500 pivot level. (Moving AVG support)
👉23300 pe & 23800 CE define weekly support & resistance
👉OI PCR 0.8 CE writing presence high at 23800. & 24000
FII were short 275 crs yesterday in nifty with option selling of 4300 crs

_direction for the day_
Gifty nifty hints flat/+ve open
👉expecting support formation at 23500 which is 200 dma. upside 23750/23825.. Downside support 23400-450 zone.

Refer research disclaimers on
https://bit.ly/3UN5lxi

838

JMFS Research Official

18 Nov, 03:04

JMFS DERIVATIVES: Nifty view point

_broader view_ : near key 200 moving avg support 23500+/-150 pts

Options 28 nov OI major set at 23000 pe & 24000 /24800 CE

Nov : FII sold 29000+ crs in cash & 4300 crs in fut. Vix at 14.78 %

_Intra view_
👉23500 pivot level. (Moving AVG support)
👉23300 pe & 23800 CE define weekly support & resistance
👉OI PCR 0.88 :CE writing presence high at 23500. & 24000
FII were short 868 crs yesterday in nifty with option selling of 13500 crs

_How to trade for the day_
Gifty nifty hints flat/+ve open
👉expecting support formation at 23500 which is 200 dma. upside 23750/23825.. Downside support 23400-450 zone.

Refer research disclaimers on
https://bit.ly/3UN5lxi

926

JMFS Research Official

18 Nov, 02:17

*Banknifty Outlook 18Nov'24*

👉🏼Highest OI concentration at Calls: 51000/50500
Puts: 49500/50000

👉🏼Crucial to maintain a close above 49850-900 area. Violation will see BN slide down to 49000

👉🏼Resistance: 50500/50800

👉🏼Negative set-up negates only on a close above 52000. Till then Sell on rise structure continues

851

JMFS Research Official

18 Nov, 02:08

*JMFS ViewPoint: FinNifty Outlook 18 NOV 2024*

- FIIs Long : Short Ratio 23% : 77%
- India VIX at 14.78
- FIIs outlook sideways for indices & slightly negative for FnO stocks

- FNF witnessed minor OI unwinding + its PCR_OI is at 0.59 indicating that the index is in oversold zone now

- Highest OI is at 23500/24000 CE each with more than 0.7 L contracts

- On the PE side, highest OI now shifts south to 22800 PE with 0.59 L contracts

- Intraday resistance at 23350 followed by 23500

- Intraday support at 23050 followed by 22800

- All spot levels

🎯 *View:* Previously recommended buy strategy SL hit at 23700, however, strategy was hedged with buying of 24000 PE to mitigate the downside risk. Derivatives data suggests that index is in oversold zone, although proposing a pullback recovery in a haste will not be wise. Remain hedged & crucial would be to watch for 23000/22800 support.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

935

JMFS Research Official

14 Nov, 03:36

JMFS DERIVATIVES: Nifty view point

_broader view_ : near key 200 moving avg support 23500+/-150 pts

Options 28 nov OI major set at 23000 pe & 24000 CE

Nov : FII sold 27683 crs in cash & 3900 crs in fut. Vix at 15 %

_Intra view_
👉23500 pivot level. (Moving AVG support)
👉23300 pe & 23800 CE define weekly support & resistance
👉OI PCR 0.7 :CE writing presence high at 24000. & 23800
FII were short 574 crs yesterday in nifty with option buying of 11032 crs

_How to trade for the day_
Gifty nifty hints soft open. 👉 Follow first hour momentum.. expecting expiry to be at / Abv 23500. In case rallies upside 23700-750 . Downside support 23350-400 zone.

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,599

JMFS Research Official

14 Nov, 03:08

Outlook 14Nov'24: BN closed at 200 DMA

🌱Again calls for a likely dead-cat bounce

📍On the flip side breach of yesterday’s low around 49900 will see further slide down to 49K

Strategy: Buy 49500 PE+50600 CE as big move on either side possible. Keep a SL on 250 pts on combo premium

1,367

JMFS Research Official

14 Nov, 03:07

BN strategies update:
As indicated BN slid by 900 pts upto 49900 on breach of 50800

As swings on both sides are huge, trading strategies need to be designed for both possibilities. Key is to maintain favorable RR ratio

Captured 900 Pts fall & lost 400 pts
Net result: +500 ✅️

1,332

JMFS Research Official

13 Nov, 02:56

JMFS DERIVATIVES: Nifty view point

_broader view_ : near key make or break level of 23800
🔴 _if sustain <23800 expect 23460/23000_ need to hedge for which 28 nov 23800 pe already reco yesterday

Options 28 nov OI major set at 23000 pe & 24500 CE

Nov : FII sold 25180 crs in cash & 2014 crs in fut. Vix at 14.59 %

_Intra view_
👉23800 pivot level.
👉23500 pe & 24200 CE define weekly support & resistance
👉OI PCR 0.7 :CE writing presence high at 24000. & 24200.
FII were short 365 crs yesterday in nifty with option selling of 1194 crs

_How to trade for the day_
Gifty nifty hints soft open. 👉Short bets if sustains< 23800
Till holds can be choppy but upside/resistance can b 23975/24050.

Refer research disclaimers on
https://bit.ly/3UN5lxi

1,637

JMFS Research Official

13 Nov, 01:59

BANKNIFTY Outlook 13Nov’24

BANKNIFTY: 51157.80 (-1.39%)

Ø India VIX: 14.59%
Ø FII Long Short ratio at 24%:76%

👉🏼 Options OI Set-up :

-- For 13Nov weekly expiry, highest OI in near strikes is at 52000 CE followed by 51500 CE & on the puts side at 50000 PE followed by 50500/51000 PE

-- OIPCR for weekly expiry at 0.55- Oversold

🎯 View : BN has approached the lower end of the oscillation range of 51000-52500

-- Probability of pull-back respecting the support level stands high.

--50800 on intraday basis and 51000 on closing basis are crucial to hold for any chances of a recovery. However breach of 50800 will see a sharp slide down to 50000 with very minor support at 50500

-- In case of pull-back, up move can be equally sharp. Immediate resistance at 51600 followed by 52000

-- Expected expiry range: 50800-51800

▶️ Trading Strategy: Buy recommendation close to 51200 level is now active. Maintain a SL of 50800. Targets intact at 52000/ 52500

↩️ For intraday in case of a move below 50800- Buy 12Nov 50000 PE as a hero or zero trade

Disclaimer: bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,277

JMFS Research Official

12 Nov, 02:51

*JMFS ViewPoint: FinNifty Outlook 12 NOV 2024*

- FIIs Long : Short Ratio 25% : 75%
- India VIX at 14.27
- FIIs outlook positive for indices & negative for FnO stocks

- FNF witnessed OI additions to the tune of 1.7% + its PCR_OI is at 0.76 indicating a slightly positive outlook

- Aggressive PE OI added yesterday in 23500/23700/23800 PE

- On the CE side, 24000/24200 CE strike prices continue with high OI with the help of CE writers

- All spot levels

🎯 *View:* Recommended to stay hedged for long positions with PE buying since 6 Nov which has been in favour till now. Resistance of 24000/24200 range still continues for now. Support grows stronger at 23800/23700 & fresh upside will resume once the resistances are taken out.

▶️ *Actionable:* Buy recommended in FN on declines with PE buying as a hedge given on 6 Nov is still open as SL given was 23700 & a positional TGT of 24500

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

881

JMFS Research Official

12 Nov, 01:47

BANKNIFTY Outlook 12Nov’24

BANKNIFTY: 51876.75 (0.61%)

Ø India VIX: 14.27%
Ø FII Long Short ratio at 25%:75%

👉🏼 *Options OI Set-up:*

-- For 13Nov weekly expiry, highest OI in near strikes is at 52500 CE followed by 52000 CE and on the puts side at 51000 PE followed by 51500/51600 PE

-- OIPCR for weekly expiry at 0.83 indicating sideways outlook

🎯 *View* : Banknifty is oscillating in a wide range of 51000-52500

-- Immediate resistance at 52350/52500, sustenance above which will see a short covering rally up to 52800/53000. Crucial support stands at 51000

-- Expect volatility to continue within this range. Only on a close beyond this range will set-up a directional move of another 1000 points.

▶️ *Trading Strategy* : Broader positive trend remains intact but intra range volatility can span over more than 500-600 points within a day. So we recommend buying

Banknifty only on dips close to 51200-300 area for a Target of 52000/52500 keeping a SL of 50950

Bullish on BN components : SBIN/ BANKBARODA/ ICICIBANK

Disclaimer: bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

835

JMFS Research Official

11 Nov, 03:30

*JMFS ViewPoint: FinNifty Outlook 11 NOV 2024*

- FIIs Long : Short Ratio 24% : 76%
- India VIX at 14.47
- FIIs outlook sideways for indices & slightly negative for FnO stocks

- FNF witnessed OI additions to the tune of 2.6% + its PCR_OI is at 0.50 indicating a sideways outlook

- Aggressive CE OI additions witnessed in 24000/24200/24500 CE

- On the PE side, OI additions seen in 23600/23500/23400 PE

- PE OI unwinding was seen at 23900/24000 strike prices

- Immediate support at 23800 as 24000 broke

- Resistance strong at 24000/24200 range now

- All spot levels

🎯 *View:* Remain hedged with PE buying as signs of short covering move seems to be weakening. Selling pressure at higher resistances of 24000/24200 continues. A close below 23800 can again see lower support levels of 23600/23400 range.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

981

JMFS Research Official

08 Nov, 03:02

*JMFS ViewPoint: FinNifty Outlook 8 NOV 2024*

- FIIs Long : Short Ratio 25% : 75%
- India VIX at 14.94
- FIIs outlook sideways for indices & negative for FnO stocks

- FNF witnessed OI additions to the tune of 7.8% + its PCR_OI is at 0.60 indicating a sideways outlook

- Immediate high OI on the CE side is at 24200/24500 CE each with more than 0.25 L contracts

- On the PE side, highest OI is at 23900 PE with 0.16 L contracts

- Support continues to be at 24000 followed by 23800

- Immediate resistance at 24250/300 range

- All spot levels

🎯 *View:* Weekly close above 24000 will be favourable for bulls. Break below 23800 on closing basis will be favourable for bears. For long positions, remain hedged with PE buying.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,544

JMFS Research Official

07 Nov, 02:52

*JMFS ViewPoint: FinNifty Outlook 7 NOV 2024*

- FIIs Long : Short Ratio 26% : 74%
- India VIX at 14.87
- FIIs outlook sideways for indices & FnO stocks

- FNF witnessed short covering + its PCR_OI is at 0.63 indicating a sideways outlook

- Highest OI on the CE side is at 24200/24300/24500 CE each with more than 10k contracts

- Highest OI on the PE side is at 24200 PE with 13k contracts followed by 24000 PE with 9.8k contracts

- Immediate resistance at 24300 followed by 24500

- Crucial support at 24000

- All spot levels

🎯 *View:* 24200 straddle adds aggressive OI. Sideways trend between 24000 to 24200/250. Next upside on a move above 24250/300 range.

▶️ *Actionable:* Continue with yesterday’s given strategy - Buy FN on declines around 24050 & hedge position with 24000 PE buy around 200; TGT 24500 & SL 23700 (all spot levels)

Refer disclaimer at bit.ly/3UN5lxi
Regards,
JMFS Derivatives Research

1,534

JMFS Research Official

07 Nov, 01:50

BANKNIFTY Outlook 07Nov'24

BANKNIFTY: 52317.40 (0.21%)

Ø India VIX: 14.87%
Ø FII Long Short ratio at 26%:74%

👉🏼 Options OI Set-up :

-- The new weekly expiry of 13Nov begins with highest OI 53000 CE followed by 52500 CE and on the puts side at 50000 PE followed by 52000 PE

-- OIPCR for weekly expiry at 0.73 indicating sideways to mildly positive outlook

🎯 View : Gains accruing but at a slower pace…Silver lining is that the support base has moved higher.

-- Immediate resistance at 52350/52500, sustenance above which will see a short covering rally up to 52800/53000.

-- On the downside, supports placed at 52000/51750. Only on a breach of 51750, Banknifty will slide down to 51000 mark again.

▶️ Trading Strategy: Bullish stance on mentioned stocks of SBIN/ BankBaroda/ ICICIBank continues

For Banknifty Index basis spot,

🟢 Buy on dips upto 52100+/- 50 Points

Target: 52500/52800
SL: 51800

Disclaimer: bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,383

JMFS Research Official

06 Nov, 10:24

BANKNIFTY expiry exactly within the mentioned range at 52317 inspite of overall mkts saw a superb recovery 👍

1,474

JMFS Research Official

06 Nov, 10:20

https://x.com/getblinkx/status/1853359648382009808?s=46

Join the webinar today at 1600 hrs for Rollovers discussion

1,467

JMFS Research Official

06 Nov, 02:11

*JMFS ViewPoint: FinNifty Outlook 6 NOV 2024*

- FIIs Long : Short Ratio 27% : 73%
- India VIX at 16.12
- FIIs outlook slightly positive for indices & FnO stocks

- FNF witnessed long build up + its PCR_OI is at 0.89 indicating a positive outlook

- The new weekly expiry shows the highest OI at 24000 PE with 7.8k contracts & 24500 CE with 6.8k contracts

- Intraday resistance at 24200 followed by 24500

- Immediate support at 24000

- All spot levels

🎯 *View:* FN breaks past resistances of 24000/24100 on closing basis. Important to watch 24200 straddle for OI additions today to determine if 24200 can break and above that, 24500 level gets tested.

▶️ *Actionable:* Buy FN on declines around 24050 & hedge position with 24000 PE buy around 200; TGT 24500 & SL 23700 (all spot levels)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,585

JMFS Research Official

06 Nov, 01:34

BANKNIFTY Outlook 06Nov’24

BANKNIFTY: 52207.25 (1.94%)

Ø India VIX: 16.12%
Ø FII Long Short ratio at 27%:73%

👉🏼 Options OI Set-up:

-- For 06Nov expiry, highest OI in near strikes at 52500 CE/53000 CE & 51000 PE followed by 51500 PE

-- Significant unwinding noted at 52000 CE & OIPCR rises up above 1 at 1.05 indicating a relief from downward spiral for the time being.

🎯 View: A bullish engulfing pattern backed by volumes and a positive RSI crossover along with unwinding in call writing positions at 52000 CE indicate continuation of the relief rally for some more gains.

-- Immediate resistance at 52350/52500, sustenance above which will see a short covering rally up to 52800/53000. However failure to cross 52500 hurdle can lead to another round of sell-off.

-- On the downside, supports placed at 51800/51400

-- Expected weekly expiry range: 51800-52550

▶️ Trading Strategy : Set-ups for select Banking names look more promising compared to index as an instrument.

To avoid getting trapped in volatile swings on Banknifty, one can look to accumulate stronger components from a positional perspective for Nov series
Preferred bets: SBIN/ BankBaroda/ ICICIBank

Disclaimer: bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,523

JMFS Research Official

05 Nov, 08:35

BN recommended a buy on declines (51600) with PE buy hedging as an actionable from rollovers. BN went down till 50900 to recover towards 52100+ now.

Importance of hedging + reading rollovers is imperative. ✅

1,169

JMFS Research Official

05 Nov, 02:04

*JMFS ViewPoint: FinNifty Outlook 5 NOV 2024*

- FIIs Long : Short Ratio 24% : 76%
- India VIX at 16.69
- FIIs outlook sideways for indices & slightly negative for FnO stocks

- FNF witnessed long unwinding + its PCR_OI is at 0.56 indicating at an indecisive outlook

- Highest OI at 24000/24100 CE with more than 1 L contracts

- Immediate support at 23200 followed by 23000

- Immediate resistance at 23800 followed by 24000/24100 range

- All spot levels

▶️ *View:* Aggressive CE writers around 24000/24100 range. Expected expiry range for today between 23500 to 23700.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,121

JMFS Research Official

04 Nov, 05:53

INDIAVIX UP 10% AT 17.5+ ✅
Directional move of 500 points ✅

Nifty Long Strangle Strategy of 24200 CE +23800 PE accruing profits on expected lines

COMBO PREMIUM SHOOTS UP FROM 250 to 300+ ↗️

1,112

JMFS Research Official

04 Nov, 04:23

JMFS DERIVATIVES: NIFTY 07NOV LONG STRANGLE STRATEGY-

BUY 24200 CE AT 130-132
BUY 23800 PE AT 118-120
( COMBINED PREMIUM OF 248-252)

TGT: 550/ 680. SL: 145

_*Rationale* : Expecting India VIX to further rise up to 20% implying increase in option premiums along with a directional move of 400-500 points in either direction_

Refer Research Disclaimer on
https://bit.ly/3UN5lxi

1,270

JMFS Research Official

31 Oct, 02:09

*Summary of Rollovers: D-1 for Nifty & Final for BankNifty*

FIIs - Outlook sideways for indices & slightly negative for FnO stocks with LSR dropping to 36% : 64%.

*Nifty & Sectors*

- Nifty rollovers are at 59% with 0.6 roll cost vs 65% last series

- Expected expiry range for today between 24250 to 24500. Short covering expected only a move above 24530

- Sector specific higher rollovers seen in Textile, Realty, Cement, Pharma, Capital Goods

- Stock specific higher rollovers seen in Aubank (91%), Muthootfin (91%), Icicipruli (91%), Hdfcbank (88%), Dlf (88%), Cub (86%), Pel (87%), Ipcalab (86%)

*BankNifty*

- BN final rollovers are at 69% with 0.9 roll cost which is in-line with its 3 months avg of 70%

- BN started the Nov’24 series with 2.27mn shares as compared to 1.81mn shares

- Nov’24 weekly expiry starts with highest OI at 53000/52000 CE each with more than 0.68 L contracts. On the PE side, highest OI is at 52000 PE with 0.53 L contracts

- In the monthly expiry, highest OI is at 55000 CE with 1.19 L contracts

- A move above 53000 can lead BN towards 54000/54500 for the series. Support for the series at 50500 followed by 49500

▶️ *Actionable for Nov Series:* Buy BN in the range of 51800-51400 for a TGT of 53000/54000 & SL below 50500. Hedge the position with 51000 PE (buy) in the range of 430/470. BEP 52100

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

2,168

JMFS Research Official

31 Oct, 02:00

NIFTY: 24340.85 (-0.51%)

Ø India VIX: 15.51%
Ø FII Long/Short Ratio at 36%:64%

👉🏼 Options OI set-up :

-- For 31 Oct high OI concentration in near strikes at 24500 CE and 24300 PE

-- OIPCR for weekly expiry at 0.80 indicating a mild call writers dominance.

🎯 View : Muted Expiry in a range of 24300-24500!!

It’s a 3rd failed attempt to cross 24500 mark hinting at a triple top formation

-- Options chain hints at sideways consolidation in a range of 24300-24500

However breach of either of these levels will trigger an intraday swing of another 100-150 points in that direction.
i.e 24150-200 on the downside & 24650-700 on the upside.

▶️ Intraday Trading Strategies:

🟢For Directional traders,
Buy only above 24520 for a TGT of 24650/700 keeping a SL of 24300

♾️ For Option traders, in case of a flat opening, high risk Option writers can
Sell 24350 straddle (CE+PE) at a premium of 145-155

TGT: Combo premium of 50 (Profit of 100 Points)
Strict SL of 200 on combined premium (Loss of 50 Points)

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,356

JMFS Research Official

31 Oct, 01:26

Happy Diwali 🪔

1,345

JMFS Research Official

30 Oct, 02:18

*Summary of Rollovers: Day 2 for Nifty & D-1 for BankNifty*

FIIs - Outlook hedged for indices & positive for FnO stocks with LSR at 40% : 60%.

- Nifty rollovers at 44% with 0.6 roll cost vs 53% last series

- BankNifty rollovers at 56% with 0.6 roll cost vs 57% last series

- Sectoral wise higher rollovers seen in Textile, Realty, Banking, Finance, Cement

- Stock wise higher rollovers seen in Muthootfin (78%), Abfrl (78%), Acc (77%), Icicipruli (76%), Lichsgfin (75%), Pel (73%), Alkem (73%)

- Nifty support rises to 24300/24400 range at the back of PE writing whilst OI unwinding was seen in 24500 CE indicating this resistance (24500/24550) can break for further upside towards 24700/24800 positionally

- BankNifty’s strong recovery takes it past 52000 on closing basis. Aggressive OI additions in 52000 PE making it an immediate support. Expected monthly expiry towards 53000 level

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,447

JMFS Research Official

30 Oct, 02:04

NIFTY Outlook 30Oct’24

NIFTY: 24466.85 (0.52%)

Ø India VIX: 14.52%
Ø FII Long/Short Ratio at 40%:60%
Ø Nifty Futures combined OI up by 1.5%- long addition

👉🏼 Options OI set-up:

-- For 31 Oct high OI concentration in near strikes at 24500 CE and 24400 PE followed by 24500 PE.

🎯 View : A close above 24450 bodes well for a breakout above 24500 resistance mark and a short covering rally thereafter probability of which stands high.

-- OIPCR of 24500 strike is below 1 while that of 24400 strike is above 1 indicating a tight 100 points range within which Bulls & Bears will try to claim an upper hand. All eyes on 24500 mark for a breakout on the upside.

-- In case of a failure to cross the barrier, immediate support on the downside stands at 24400 below which selling pressure likely to resume that will drag Nifty down to sub 24200 levels.

▶️ Trading Strategy : For Nifty basis Spot levels

Buying at 24450 has been triggered. In case if missed out, one can initiate longs on an intraday move above 24520 for a Target of 24750/24800 keeping a SL of 24300.

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,469

JMFS Research Official

29 Oct, 09:59

Nifty sustaining above 24450 on closing

One can buy 31Oct 24500 CE as a BTST at CMP of 74 or 24600 CE as a hero zero trade

1,048

JMFS Research Official

29 Oct, 02:02

NIFTY Outlook 29Oct’24

NIFTY: 24339.15 (0.65%)

Ø India VIX: 14.29%
Ø FII Long/Short Ratio at 40%:60%

👉🏼Options OI set-up :

-- For 31 Oct highest OI in near strikes at 24500 CE followed by 24400 CE. OIPCR for each of these strikes is below 1 indicating call writers are yet dominant at these levels. Significant unwinding noted at 24200 & 24300 calls.

-- On the puts side, highest OI at 24000 PE followed by 24500 PE. Fresh OI addition & concentration of over 1.5Lac contracts pegged at multiple strikes of 24100/24200/24300/24400 puts as well.

🎯 View: Spring effect witnessed in Nifty Price move after Friday’s meltdown

-- OI distribution at multiple strikes in puts indicates limited downsides for the monthly expiry. Immediate Support stands in the area of 24250-300 area while 24000-24050 zone will act as a strong base for Oct series.

-- On the upside, 24500 will act as a stiff resistance and a potential sell-off point. Only on a close above 24500, short covering trigger may help Nifty move higher up to 24750-800

▶️ Trading Strategy : For Nifty basis Spot levels

Buy on an intraday move above 24520 or a close above 24450 for a Target of 24750/24800 keeping a SL of 24300

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,021

JMFS Research Official

28 Oct, 02:49

*JMFS ViewPoint: BankNifty Outlook 28 Oct 2024*

- FIIs Long : Short Ratio 37% : 63%
- India VIX at 14.63
- FIIs outlook positive for indices & FnO stocks

- BNF witnessed short built up + its PCR_OI is at 0.66 indicating at a cautious outlook

- Aggressive OI build up was witnessed in 51000 CE with simultaneous unwinding in 51000 PE

- Immediate support of 50400 followed by 50150

- Immediate resistance at 51000

- All spot levels

▶️ *View:* BN broke & closed below 51000 support on weekly basis. On weekly basis, a bearish engulfing candle pattern can be seen indicating a positional weakness in BN.

Hedging strategy in BN with 50000 PE of 30 OCT expiry in the range of 160/180 has been recommended.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,257

JMFS Research Official

25 Oct, 02:52

*JMFS ViewPoint: BankNifty Outlook 25 Oct 2024*

- FIIs Long : Short Ratio 35% : 65%
- India VIX at 13.97
- FIIs outlook positive for indices & FnO stocks

- BNF witnessed short covering + its PCR_OI is at 0.92 indicating at a slightly positive outlook

- Highest OI is at 51000 PE with 1.33 L contracts & 52000 CE with 1.32 L contracts

- Support continues to be at 51000

- Immediate resistance at 51800 followed by 52000

- All spot levels

🎯 *View:* BN still defending 51000 comfortably. Weekly close above 51000 mark is crucial, again. Possibility of giving a weekly close 52000 mark is quite high today. Any move above 51800 can see a move towards 52050+ levels.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,655

JMFS Research Official

25 Oct, 02:25

NIFTY Outlook 25Oct’24

NIFTY: 24435.50 (-0.15%)

Ø India VIX: 13.97%
Ø FII Long/Short Ratio at 35%:65%

👉🏼 *Options OI set-up* :

-- The final 31Oct monthly Oct expiry begins with highest OI at 24500 straddle quoting at a premium of 325

-- High OI concentration in OTM strikes noted at 25000 CE & 24000 PE

🎯 View:Sideways Consolidation!!

--A cool-off in VIX should bode well for a temporary halt in the downward spiral. However post some consolidation & Dead-cat bounces, another round of sell-off from resistance levels cannot be ruled out.

-- 24500 Straddle pricing of 325 hints at a broader trading range of 24150-750

-- 243000/24500 will be the trigger points for further extended move to the extremes of the weekly trading range.

▶️ *Trading Strategy* : Positional Trade basis Spot levels

Sell on rise up to 24600-24650

Target: 24200/24000
SL: 24850

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,332

JMFS Research Official

24 Oct, 01:58

NIFTY Outlook 24Oct’24

NIFTY: 24435.50 (-0.15%)

Ø India VIX: 14.62%
Ø FII Long/Short Ratio at 33%:67%

👉🏼 Options OI set-up:

-- For 24Oct weekly expiry, huge OI addition noted at the strikes of 24700/24600/24500 in calls. Highest OI in near strikes at 24600/24700 CE with nearly equal OI in each strike

-- On the puts side, unwinding noted at 24500 PE. Highest OI stands at 24000 PE followed by 24200 & 24400 puts each holding nearly equal OI

🎯 View: Dead-Cat bounces swiftly get sold into…

-- In case of one more attempt of a pull- back, resistance will be faced at 24600-650 from where selling pressure can emerge once again.

-- Immediate trading supports placed at 24350/24200 but next major support stands only in the area of 23900-24000.

-- Breach of yesterday’s low of 24375-378 will likely see a quick intraday slide to 24280/24200. Expected expiry range: 24300-24550

▶️ Trading Strategy :
For intraday basis spot,

Sell below 24375
Target: 24200
SL: 24475

🔴 Carry forward Positional Trade:

Sell on rise up to 24650-24700
Target: 24200/24000
SL: 24850

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,586

JMFS Research Official

23 Oct, 01:51

NIFTY Outlook 23Oct’24

NIFTY: 24472.10 (-1.25%)

Ø India VIX: 14.40%
Ø FII Long/Short Ratio at 32%:68%

👉🏼 Options OI set-up :

-- For 24Oct weekly expiry, huge OI addition noted at the strikes of 24700 & 24600 calls most likely on the writing side as Nifty slid below the psychological support level of 24500. Highest OI yet stands at 25K CE followed by 24800 CE

-- On the puts side, unwinding noted across strikes from 24800 to 24600. Highest OI stands at 24000 PE followed by 24400/24500 puts each holding nearly equal OI

🎯 View: As indicated, an intraday move below 24650 led to a steep decline up to 24450 & VIX shoots up above 14%

-- OIPCR for weekly expiry dips to 0.50 & RSI too enters into oversold zone. In case of a gap down opening or a further 100-150 points correction there is a high probability of a small pull-back from around 24300 +/- 20 points so that the oversold parameters see some respite. However it may turn out to be just another dead-cat bounce.

-- In case of a pull- back, resistance will be faced at 24650/24800

-- Immediate trading supports placed at 24350/24200 but next major support stands only in the area of 23900-24000.

▶️ Trading Strategy: Although there is a possibility of a pull back, price confirmation is required post opening. Trades if any will be initiated during live market.

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,528

JMFS Research Official

22 Oct, 10:13

As mentioned in the morning note, a clear waterfall slide on breach of 24650 level on Nifty ✅

Intraday gain of 200 points on shorts 💰

1,508

JMFS Research Official

22 Oct, 02:48

*JMFS ViewPoint: BankNifty Outlook 22 Oct 2024*

- FIIs Long : Short Ratio 33% : 67%
- India VIX at 13.76
- FIIs outlook sideways for indices & slightly negative for FnO stocks

- BNF witnessed long unwinding + its PCR_OI is at 0.87 indicating at an indecisive trend

- Aggressive OI added in strike prices from 52000 CE to 52500 CE

- No major OI unwinding witnessed in PE. Highest OI on the PE side continues to be at 51500/51000 PE

- All spot levels

🎯 *View:* BN tested 52500 & witnessed some profit booking from that level. However, it is still holding above support of 51500 followed by 51000. BN has formed a ‘buy on dip’ structure and can test 53000 in the coming days. Hold longs in BN as long as the support is intact.

▶️ *Actionable (Positional):* Buy BN on declines around 51800/51700 with SL 51200 & TGT 52500/52800/53000 (all spot levels)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,048

JMFS Research Official

22 Oct, 02:04

NIFTY Outlook 22Oct’24

NIFTY: 24781.10 (-0.29%)

Ø India VIX: 13.76%
Ø FII Long/Short Ratio at 33%:67%

👉🏼 *Options OI set-up* :

-- For 24Oct weekly expiry, highest OI at 25000 CE and on the puts side, at 24500 PE followed by 24800 PE

🎯 *View* : Volatility at it’s Best & likely to increase until Nifty manages to cross 25000 hurdle.

-- Resistance of 25000 strengthens with 25000 CE holding an OI concentration of more than 3 Lac contracts.

-- On the downside, Nifty manages to hold above 24750 support on closing but supports are getting fragile with unwinding of puts.

-- A closing above 24750 and 24650 during intraday swings are important to hold for any scope of stability. Breach of these supports will trigger a further slide in Nifty up to 24400/24200

▶️ *Trading Strategy* : Continue with Ratio Spread for 24Oct weekly options

Buy 1 lot of 24900 CE at 135
Sell 2 lots of 25100 CE at 50

Net premium outflow: 35 points (max loss below 24900)
Target: 60/ 80 points

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

993

JMFS Research Official

21 Oct, 10:10

https://youtube.com/live/lS36EAlyCkQ?feature=share

Join today’s webinar at 1600 hrs

Link to join today’s webinar at 1600 hrs: Join Soni Patnaik, our AVP at JMFS on 21st October live on YouTube! In this session, Soni will shed light on #Derivatives and how this data can be used to identify potential opportunities in #stocks 📊

Mark your calendars and get your doubts answered LIVE by our expert! 👩‍🏫

942

JMFS Research Official

21 Oct, 02:17

*JMFS ViewPoint: BankNifty Outlook 21 Oct 2024*

- FIIs Long : Short Ratio 34% : 66%
- India VIX at 13.04
- FIIs outlook positive for indices & FnO stocks

- BNF witnessed a short covering + its PCR_OI is at 1.2 indicating at a positive trend

- Highest OI in the PE side is now at 51500/51000 PE each with more than 1.5 L contracts

- On the CE side, highest OI is at 53000/54000 CE each with more than 1.25 L contracts

- All spot levels

🎯 *View:* On expected lines, Bn held on to strong support of 51000 & bounced back. As been highlighting whole of last week that short covering in BN can be seen if it crosses 52000, that has happened so. Leading the way, BN can now test 53000 level.

▶️ *Actionable:* Buy BN 53000 CE on declines around 40 with SL 1 & TGT 100/120 (current expiry)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

995

JMFS Research Official

21 Oct, 02:11

NIFTY Outlook 21Oct’24

NIFTY: 24854.05 (0.42%)

Ø India VIX: 13.39%
Ø FII Long/Short Ratio at 34%:66%
Ø Oct futures witnessed short covering of 2%

👉🏼 Options OI set-up:

-- For 24Oct weekly expiry, highest OI at 25000 CE. Also over 1-1.25 Lac contracts each distributed at multiple strikes of 24800/900/25100/200 calls

-- On the puts side, highest OI at 24500 PE followed by 24800/700 puts.

🎯 View: OI distribution at multiple strikes in calls & puts indicates a sideways price movement with 25000 level holding the key to possibility of any further short covering.

-- OIPCR of 24800 & 24750 strikes above 1 makes gives us an immediate support level of 24750 below which a retest of sub 24550 level possible.

-- Nifty will be out of the woods only on a close above 25250. Till then, sell-off probability from higher levels stands high.

▶️ Trading Strategy : Ratio Spread for 24Oct weekly options

Buy 1 lot of 24900 CE at 135
Sell 2 lots of 25100 CE at 50

Net premium outflow: 35 points (max loss below 24900)

Target: 60/ 80 points

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,081

JMFS Research Official

18 Oct, 08:45

BN defended the support of 51000 & breezes past 52050, triggering the short covering move 🚀

BN at day’s high 52170

1,488

JMFS Research Official

18 Oct, 02:34

*JMFS ViewPoint: BankNifty Outlook 18 Oct 2024*

- FIIs Long : Short Ratio 33% : 67%
- India VIX at 13.39
- FIIs outlook neutral for indices & slightly positive for FnO stocks

- BNF witnessed a short build up + its PCR_OI is at 0.7 indicating at a cautious trend

- Highest OI at 52000 CE with 1.89 L contracts followed by 51500 CE with 0.95 L contracts

- No major OI unwinding witnessed in 51000/51200/51300 PE

- All spot levels

▶️ *View:* BN broke 51700 support & tested lower support of 51000. If BN manages to hold on to 51000 support on weekly basis, then it can continue to remain in the range of 51000 to 52000. Brace for impact if weekly close is below 51000. All eyes on 51000 today!

Short covering stance remains the same - only above 52000.

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,682

JMFS Research Official

18 Oct, 01:43

NIFTY Outlook 18Oct’24

NIFTY: 24749.85 (-0.89%)

Ø India VIX: 13.39%
Ø FII Long/Short Ratio at 33%:67%

👉🏼 *Options OI set-up:*

-- The new weekly expiry of 24Oct begins with highest OI at 25000 CE and 23500 PE followed by 24000 PE

▶️ *View* : Crucial supports breached. Nifty’s lowest close for the month below 24800 opens up room for further downsides up to 24400/24200. Any pull-backs are likely to get sold into.

-- In case of a dead cat bounce/ pull back rally if any, immediate resistance will be faced at 24850/ 25000. Only a close above 25250 will confirm a halt in repeated sell-offs.

-- Immediate trading support stands at 24670 while the bigger support is placed at 24400.

Trading Strategy : 24Oct options OI built-up is at a naïve stage. Wait for the weekly closing and a concrete built-up in options before initiating fresh trades

Disclaimer: https://bit.ly/3nMMCUK

Regards,
JMFS Derivatives Research

1,461

JMFS Research Official

17 Oct, 02:42

*JMFS ViewPoint: BankNifty Outlook 17 Oct 2024*

- FIIs Long : Short Ratio 34% : 66%
- India VIX at 13.05
- FIIs outlook sideways for indices & negative for FnO stocks

- BNF witnessed a minor long unwinding + its PCR_OI is at 1 indicating at a sideways trend

- The new weekly expiry shows the highest OI still at 52000 CE with 0.98 L contracts

- Immediate support at 51700

- Immediate resistance 52050

- All spot levels

🎯 *View:* No change of range for BN, still between 51700 to 52000. Crucial resistance at 52050 only above which short covering move can be triggered towards 52300 - 52700 positionally.

▶️ *Actionable:* Buy above 52050 for TGT 52300 by keeping a SL 51800 (all spot levels)

Refer disclaimer at bit.ly/3UN5lxi

Regards,
JMFS Derivatives Research

1,485

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