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Nifty Intraday Analysis for 04th October 2024NSE:NIFTY Index closed near 25250 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 57.73 Lakh 25500 Strike – 34.92 Lakh 25600 Strike – 34.75 Lakh Put Writing 25000 Strike – 30.62 Lakh 25500 Strike – 22.95 Lakh 25300 Strike – 19.16 Lakh Index has resistance near 25400 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range. Index has immediate support near 25100 – 25000 range and if this support is broken then index may tank near 24800 – 24700 range.
NSE:NIFTY
by RKMAURYA
Nifty - Daily - OI- 25250 is support and resistance -25,082The Nifty 50 chart you've shared along with the Open Interest (OI) analysis highlights key aspects of the market. Here's a breakdown based on the chart: ### **Nifty 50 Index Analysis**: - **Fibonacci Levels**: - The chart shows a Fibonacci retracement with important levels. - **0.236 (25,719.65)**: Nifty recently corrected after hitting resistance around this level. - **0.382 (25,367.50)** and **0.5 (25,082.90)**: These levels represent potential support areas in case the index sees further downside. - The **0.618 (24,798.30)** level could act as stronger support if the correction deepens. - **Volume**: The increase in red bars indicates significant selling pressure, aligning with the recent decline in Nifty. - **Relative Strength Index (RSI)**: The RSI shows a bearish divergence and is sloping downwards from a high point. This suggests weakening momentum in the short term, potentially indicating further correction. ### **Open Interest Analysis**: - **Open Interest (OI) Distribution**: - Call OI at 25,250 indicates resistance around this level. - The highest **Put OI** is seen around 25,250, indicating strong support. - A Put Call Ratio (PCR) of **1.12** suggests more puts than calls, which is a moderately bullish signal for the index, though Nifty has seen a significant drop of **2.12%**. This combination of technical analysis and OI data suggests that while there may be further selling pressure or consolidation around current levels, the 25,250 mark could act as a crucial support level. If this level holds, we may see a rebound in the coming sessions, but breaking below could lead to a deeper correction.
NSE:NIFTYLong
by VCharts_TA
Option chain and Database Trading Nature of analysis. Option chain: An option chain primarily focuses on options contracts associated with an underlying asset, such as stocks, commodities, or indices. It provides information about the available options, their strike prices, expiration dates, bid-ask prices, and other contract-specific data. An option chain, also known as option matrix, is a list of all the option contracts available for a given security. It shows all listed puts, calls, expiry dates, strike prices, and volume and pricing information for a single underlying asset and within a given maturity period.
NSE:BANKNIFTYEducation
by SkyTradingZone
1
#Ujjivan Small Finance Bank**Ujjivan Small Finance Bank: Investment Rationale** **Current Market Price (CMP):** ₹40 **Recommended Buying Strategy:** - **Phase 1:** Buy between ₹40 and ₹38 - **Phase 2:** Buy between ₹30 and ₹26 **Short-Term Targets:** ₹32, ₹37, ₹40+ **Positional Targets:** ₹40, ₹48, ₹55, ₹72, ₹100+ **Key Investment Highlights:** - **Robust Loan Book Growth:** The gross loan book increased by 19% year-over-year (YoY), reaching ₹30,069 crore by Q1 FY25. This growth is driven by strong demand in the affordable housing (42% YoY) and financial institution lending segments (48% YoY). - **Strong Deposit Base:** Total deposits grew by 22% YoY to ₹32,514 crore, with retail deposits comprising 74% of the total. A high proportion of retail deposits indicates a stable and granular funding base, potentially reducing the cost of funds and enhancing profitability. - **Improving Asset Quality:** The bank has shown strong asset quality management, with Gross Non-Performing Assets (GNPA) decreasing to 2.3% from 2.4% YoY, and Net NPA reducing to 0.4%. This reflects the bank's effective recovery processes and low default rates. - **Profitability and Return on Equity (RoE):** Despite a 7% YoY decline in Q1 FY25 net profit to ₹301 crore, the bank’s RoE remains robust at 20.9%, indicating efficient capital utilization. - **High Capital Adequacy:** With a Capital Adequacy Ratio (CAR) of 24.85%, well above regulatory requirements, the bank is well-positioned to expand its lending operations while maintaining financial health. - **Cost Efficiency:** Ujjivan's cost-to-income ratio improved slightly to 55% in Q1 FY25. As the bank scales its operations and leverages technology for process improvements, there is potential for further cost optimization. These factors underscore Ujjivan's strong fundamentals, making it a potentially attractive stock for long-term investors.
NSE:UJJIVANSFBLong
by INVESTWISELY_1111
Nifty Intraday Analysis for 03rd October 2024NSE:NIFTY Index closed near 25795 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 114.38 Lakh 26200 Strike – 94.69 Lakh 25900 Strike – 75.09 Lakh Put Writing 25800 Strike – 53.68 Lakh 25600 Strike – 51.23 Lakh 25500 Strike – 47.37 Lakh Index has resistance near 26000 – 26100 range and if index crosses and sustains above 26100 level then may reach near 26250 - 26300 range. Index has immediate support near 25600 – 25500 range and if this support is broken then index may tank near 25300 – 25200 range.
NSE:NIFTY
by RKMAURYA