global signal
On Wall Street, the Dow Jones ended 0.42 per cent lower at 30,967, while the tech-heavy Nasdaq closed 1.75 per cent higher at 11,322. The S&P 500 closed at 3,831 points, up 0.16 per cent. European equities also feel selling pressure as concerns over the prospect of a recession outweighed optimism on US-China talks aimed at cutting tariffs. euro fell to a 20-year low against the dollar.
SGX Nifty Outlook
Speaking about SGX Nifty at key levels today, Anuj Gupta, Vice President – Research, IIFL Securities said, “Short-range for SGX Nifty today is placed at 15,580 to 15,960, while the broader range for the index is from 15,300 to 15,300. placed between the level of 16,100.
Nifty Technical Outlook
“In the Tuesday session, nifty 50 A bearish candlestick formed on the daily chart, which resembles a Shooting Star candlestick formation. Support for Nifty is placed in 15,650 to 15,700 zones, while on the upside, the index is likely to face strong resistance around 16,000 to 16,100 zones,” said Avinash Gorakshakar, Head of Research, Profitmart Securities.
Ruchit Jain, Lead Research, 5paisa.com said, “After consolidating in a range for six trading sessions, Nifty gave a breakout from the range today with a gap, but momentum faded after touching the 16000 mark And Nifty corrected to fill it. Intraday gap at close. On daily chart, Nifty index has retraced 50 per cent of the recent corrective phase from 16800 to 15200 and hence 16000 was a significant hurdle in US Dollar index. Our markets corrected on the uptrend as recently we have seen a strong inverse correlation between Nifty and Dollar Index. INR has crossed the 79.20 mark and further depreciation in Rupee is definitely good for equities Therefore, traders should keep a close watch on the currency’s movement along with the global market momentum which will propel equities in the near future.”
Nifty Bank Index Outlook
Avinash said, “Critical pivot levels, which will act as key support for Nifty Bank Index, are placed at 3,3450, followed by 33,200 levels. On the upside, key resistance levels are placed. 34300 and 34,400 levels.” Gorakshakar.
nifty call option data
Maximum Call Open Interest of 1,80,813 contracts was seen at 16,000 strike, which included 73,206 contracts, hence the 07 Jul 2022 weekly expiry of 16,000 is likely to act as a key resistance level for the series.
This is followed by 16,200 strikes, with 35,591 contracts with a total open interest of 1,53,145 contracts.
Call unwinding was seen at 15700 strikes, which shed 13021 contracts, followed by 15,650 strikes that shed 4507 contracts, and 15600 strikes that shed 4764 contracts.
nifty put option data
Maximum put open interest of 1,09,250 contracts was observed at 15,500 strike with 19,333 contracts added. Hence the 07 July 2022 weekly series is likely to act as a support level of 15,500.
Put unwinding was seen at 15700 strike, which saw the open interest shed 5845 contracts.
The maximum call open interest addition of 35134 contracts was seen at the 34300 strike, with a total open interest of 70412 contracts. Hence 34300 is likely to act as an important resistance level for the 07 Jul 2022 weekly close series.
fii dii data
Foreign Institutional Investors (FIIs) made net purchases Shares worth Rs 1,295.84 crore, while Domestic Institutional Investors (DIIs) remained net sellers As per provisional data available on NSE, shares worth Rs 257.59 crore as on July 5.
nifty bank call option data
This is followed by 34,500 strokes, with 20,745 contracts with a total open interest of 91,274 contracts. The 34,000 strike saw a total open interest of 98056 contracts in addition to 22,754 contracts.
Call unwinding was seen at 33,700 strike which shed 19,412 contracts, followed by 33,500 strike which shed 6,688 contracts in open interest, and 33,600 strike which shed 4,315 contracts in open interest.
nifty bank put option data
The maximum put open interest addition of 20,208 contracts was seen at the 34,000 strike. This was followed by 34,300 strikes, which involved 10,268 contracts. Put unwinding was seen at 33,400 strike, which shed 5,790 contracts in open interest.
Stocks in F&O Restrictions
The National Stock Exchange (NSE) has not added any stock under its F&O ban list for July 6. Securities in the embargo period under the F&O segment include those companies in which the security has exceeded 95 percent of the market-wide position limit.
Top 10 July 2022 Futures Contracts
The top 10 July 2022 futures contracts traded on individual securities are – Reliance, Infi, TCS, HDFCBank, Tatasteel, Hindalco, ICICIBank, Tata Motors, BazFinance and HDFC.
Board meeting is scheduled for 6th July 2022
1]Oswal Chemicals & Fertilizers Limited – Dividend;
2]City Union Bank Limited – Fundraising/Other Business Matters;
3]PBA Infrastructure Limited – Voluntary Delisting;
4]MAS Financial Services Ltd. – Other Business Matters;
5]Power Grid Corporation of India Limited – Fundraising/other business matters;
6]Setco Automotive Limited – Other Business Matters;
7]Sarthak Metals Ltd. – Other Business Matters;
Nifty Bank Call Option Data — Weekly Expiry 7th July 2022
Corporate Action on 6th July 2022
1]Orchid Pharma Ltd. – Annual General Meeting;
2]Ponni Sugars (Erode) Limited – Annual General Meeting / Dividend – 5.50 per share; And
3]Century Textiles & Industries Ltd. – Dividend – 4 per share.