Published on 14/02/2020 9:28:09 AM | Source: HDFC Securities Ltd

Daily FNO Overview Of 14th February 2020 by HDFC Securities

Posted in Market Outlook| #Market Outlook #HDFC Securities

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Nifty may open in the negative. If Nifty sustains above 12,180 then traders may see Nifty heading towards 12,280 level, otherwise it could move down towards 12,080 level …

Nifty snapped two days of gain and inched lower on Thursday as investors reassessed the scope of the coronavirus outbreak after China's Hubei province reported a record rise in the death toll. A surprise drop in the industrial output for December and a rise in January inflation to a six-year high also dampened the sentiment. The Nifty Feb Future closed 0.44% lower at 12,174.60. The Nifty Feb Future closed at a discount of 0.05 points as against a premium of 27.25 points in the previous session.

Nifty IV decreased to 11.77% from 12.23%, indicating a fall in volatility expectations as the markets rise. The Nifty OI PCR fell to 1.41 from 1.61 in the previous session, indicating there was more build-up of OI in the Call option segment. In the index option segment, maximum Call buying was seen in the 12200 Feb strikes, indicating resistance around this level for the near term. Maximum Put buying was seen in the 12100 Feb strikes, indicating immediate support at these levels for the near term.

Technically, Nifty has sustaining breached below 12180 level, If Nifty stay above that level then it may again try to breach 12280 level. If Nifty trades below 12180 level then next leg of down move may start, which could lead Nifty towards 12080 level.


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