Nifty Closes Below 11400 Due To Delta Imbalance In Options Premium


Nifty witnessed heavy selling pressure in today’s session after it opened 59 points gap down at 11456.  The benchmark index traded below the average price of 11415 for the major part of the day as option premiums shrunk 9% below the normal range despite a gap down opening. The subnormal normal imbalance in options premium pushed Nifty’s price auction lower and the index went on to make a low around the 5 DMA (11375 approx). In today’s trading, 11375 was the reference point for the sellers as per the Options Greeks calculation. In tomorrow’s trade, 11365 will play a significant role in deciding the direction of the market.

Stocks Under The Scanner
In today’s trade Bharat Petroleum shares rose 2.74%, while HindPetro shares rose 1.88%. Bajaj Finance shares dropped 2.85% in the course of the day’s trade.



The Outlook for 18th September 2018
Nifty Daily Chart Levels
In today’s session, Nifty opened 59 points gap down at 11456. The index faced heavy selling pressure throughout the day and slipped more than 80 points from the day’s high as option premiums shrunk by 9%. Nifty went on to make a low of 11373 approx. Going forward, Nifty is likely to face resistance around the 5 DMA (11412 approx). However if the index trades above 11425, it will scale up to the 34 DMA (11475 approx). On the other hand, if Nifty slips below 11365 approx, the nearest downside target will be around the 50 DMA (11330 approx)

Nifty Hourly Chart Levels
In the hourly session, Nifty closed around 11378 approx. The index is likely to find stiff resistance around the 5HEMA high (11420 approx). However if Nifty trades above 11436, the nearest upside target is around the 100 HMA (11500approx). On the other hand if Nifty breaks and trades below 11360approx, it will scale down to the hourly lower-Bollinger band (11294 approx). 





Nifty Large & Mid Cap Stocks




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Nifty witnessed heavy selling pressure in today’s session after it opened 59 points gap down at 11456.  The benchmark index traded below the average price of 11415 for the major part of the day as option premiums shrunk 9% below the normal range despite a gap down opening. The subnormal normal imbalance in options premium pushed Nifty’s price auction lower and the index went on to make a low around the 5 DMA (11375 approx). In today’s trading, 11375 was the reference point for the sellers as per the Options Greeks calculation. In tomorrow’s trade, 11365 will play a significant role in deciding the direction of the market.

Stocks Under The Scanner
In today’s trade Bharat Petroleum shares rose 2.74%, while HindPetro shares rose 1.88%. Bajaj Finance shares dropped 2.85% in the course of the day’s trade.



The Outlook for 18th September 2018
Nifty Daily Chart Levels
In today’s session, Nifty opened 59 points gap down at 11456. The index faced heavy selling pressure throughout the day and slipped more than 80 points from the day’s high as option premiums shrunk by 9%. Nifty went on to make a low of 11373 approx. Going forward, Nifty is likely to face resistance around the 5 DMA (11412 approx). However if the index trades above 11425, it will scale up to the 34 DMA (11475 approx). On the other hand, if Nifty slips below 11365 approx, the nearest downside target will be around the 50 DMA (11330 approx)

Nifty Hourly Chart Levels
In the hourly session, Nifty closed around 11378 approx. The index is likely to find stiff resistance around the 5HEMA high (11420 approx). However if Nifty trades above 11436, the nearest upside target is around the 100 HMA (11500approx). On the other hand if Nifty breaks and trades below 11360approx, it will scale down to the hourly lower-Bollinger band (11294 approx). 





Nifty Large & Mid Cap Stocks




 
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