TradePik by Replete Equities

2021-01-28 06:52:55 Derivatives data – Brief commentary (27 Jan 21)
• For Weekly/Monthly expiry (28 Jan), max OI addition was seen at 14100 call and 13900 put. Max OI is at 14700 call and 13500 put.
• Cumulative Nifty PCR stands at 0.89 (27 Jan) Vs 1.14 1.02 (25 Jan)

Overall FII derivatives data is negative for Wednesday (27 Jan 21)
• In Index futures, there was net addition on the short side resulting in net long exposure going down at 58.8% (27 Jan) Vs 64.2% (25 Jan).
• In Index options, there was addition in call options - short side and put options - long side. Open / Comment

2021-01-28 06:52:28 Daily Report :

Benchmark index is likely to trade with negative bias albeit with heightened volatility due to monthly expiry. Nifty has support at 13800-13700 and resistance at 14000-14100 level.

Banking index is likely to trade with negative bias today. It has support at 30000-29700 and resistance at 30500-30800 level.

TITAN has closed with Negative candlestick formation with volume support and it is likely to continue its downside momentum today as well. Open / Comment