global market signals
On Wall Street, the Dow Jones was up 0.23 per cent, the tech-heavy Nasdaq was up 0.35 per cent and the S&P 500 was up 0.36 per cent. European stock markets also traded higher on Wednesday, hitting back hard with investors bargaining after last session’s slump on bearish fears. The end of the Norwegian oil and gas workers’ strike eased concerns of an energy supply crisis. However, Asian stocks fell mostly on Wednesday as investor fears deepened that the continent was pushing the world into recession. A rise in COVID-19 infections in China also hurt market sentiment as it raised concerns about a possible lockdown.
nifty technical outlook
Deepak Jasani, Head of Retail Research, HDFC Securities, said, “Nifty has seen a good rally on July 06. The move above 16026 is likely to accelerate, while 15785 can be a near-term support.”
Anticipating a pullback move in the Nifty 50 index, Ruchi Jain, Lead Research, 5paisa.com said, “Recently, we have seen a high inverse correlation. dollar index and Nifty. However, Nifty has not seen any correction or new lows due to the recent upward move in dollar index and should be viewed as a positive divergence. This short term divergence may result in more pullback moves in the index as traders with short positions will try to cover up.”
“The formation of a long bull candle above the crucial resistance level of 15,850 to 15,900 on Wednesday indicates a possibility of a sharp upside breakout. The above area of 15,800 to 15,900 has been an important price zone in the past and the recent downside breakout has resulted in the formation of a long bear candle (June 16). Hence, a sustained move above the 15950 level could mean a sharp bounce forward for the market,” said Nagraj Shetty, Technical Research Analyst, HDFC Securities.
Nifty Bank Technical Outlook
Technical chief Chinmoy Barve said, “Important pivot levels, which will act as key support for the index, are placed at 33,800 points, followed by 33,600 points. On the upside, major resistance levels are placed at 34,750 and 34,950 points. Has gone.” and derivatives research at Profitmart Securities.
nifty call option data
Chinmoy Barve said, “The maximum call open interest of 1,67,468 contracts was observed at 16,200 strike, adding 13,528 contracts. This is followed by 16,300 strikes, with a total open interest of 1,42,889 contracts with 3,671 contracts.” of Profitmart Securities.
Profitmart Securities expert further said that maximum open interest addition of 40,430 contracts was seen at 16,400 strike and 30,003 contracts were added at 16,250 strike. This options data suggests that the price zone of 16,250 to 16,400 is likely to act as a strong resistance zone for the Nifty 50 index. Call unwinding was seen at 16,000 strike, which shed 30,990 contracts, 15,900 strike shed 78,925 contracts, followed by 16,150 strike shed 4,634 contracts.
nifty put option data
Maximum put open interest of 1,52,197 contracts was seen at 15,800 strike, with 64,451 contracts added, followed by 1,42,136 contracts at 15,700 strike. Hence the price area of 15,700 to 15,800 is likely to act as a support level in the 07 Jul 2022 weekly options series. No major put unwinding was observed in strikes from 15,800 to 16,200.
fii dii data
Foreign institutional investors (FIIs) made net selloff 330.13 crore shares, while Domestic Institutional Investors (DIIs) became net buyers As per provisional data available on NSE, shares worth 1464.33 crore as on 6th July.
nifty bank call option data
The maximum call open interest addition of 17,301 contracts was seen at the 35,100 strike, with a total open interest of 33,859 contracts. This is followed by 34,700 strikes, with 15,792 contracts with a total open interest of 49,650 contracts.
A total of 88,535 contracts saw open interest in the 34,500 strike. Call unwinding was seen at 34,200 strike which shed 20,804 contracts, followed by 34,300 strike which shed 14,929 contracts in open interest and 34,400 strike which shed 4,102 contracts in open interest.
nifty bank put option data
The maximum Put Open Interest addition of 76,554 contracts was seen at the 34,000 strike. This was followed by 34,200 strikes in which 40,485 contracts were added. No major put unwinding was observed in strikes ranging from 33,900 to 34,600.
Stocks in F&O Restrictions
National Stock Exchange (NSE) has not added any stock under its F&O sanctions list for July 7, 2022. 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 Series Futures Contracts
Reliance, Bajaj Finance, Tata Steel, Infosys, HDFC Bank, TCS, Kotak Mahindra Bank, Hindalco Industries, Hindustan Unilever and ICICI Bank.
Board meeting to be held on 7th July 2022
1]FCS Software Solutions Ltd. – Other Business Matters;
2]GM Breweries Ltd. – Financial Results;
3]TERMATE LIMITED – OTHER BUSINESS MATTERS; And
4]Vakrangee Limited – Financial Results.
Corporate Actions on 7th July 2022
Bank of India: Dividend 2 per share;
Crompton Greaves Consumer Electricals Ltd.: Dividend 2.50 per share;
DCM Shriram Ltd. : Dividend 4.90 per share;
Mayur Unicottors Ltd. : Dividend 2 per share;
Nilkamal Limited: Dividend 15 per share;
Vishnu Chemicals Ltd.: Dividend 2 per share;
GlaxoSmithKline Pharmaceuticals Ltd: Dividend 30 per share/special dividend 60 per share;
L&T Technology Services Ltd.: Dividend 15 per share;
Greenlam Industries Ltd.: Dividend 1.20 per share;
Hitech Corporation Limited: Dividend of Re 1 per share;
JM Financial Ltd: Dividend 1.15 per share;
ZF Commercial Vehicle Control Systems India Ltd: Dividend 12 per share;
AstraZeneca Pharma India Ltd: Dividend 8 per share;
Rosari Biotech Ltd: Dividend 0.50 per share;
Oberoi Realty Ltd: Dividend 3 per share;
Minda Industries Limited : Bonus 1:1 & Dividend 1 per share;
Naveen Fluorine International Ltd.: Dividend 6 per share;
Axis Bank Ltd.: Dividend 1 per share.