The Sensex jumped 370 points, while Nifty hovered close to 25,000, supported mainly by heavyweights like Reliance and Bharti Airtel. Optimism grew on expectations of GST tax reforms and improved foreign investor sentiment.
SEBI is reviewing intraday derivative exposure limits, a move aimed at ensuring more stability and risk control in the equity market.
From a technical angle, Nifty faces a barrier near 25,160. Analysts are highlighting opportunities in ETFs like Groww Nifty Railways PSU ETF and Edelweiss Capital Markets & Insurance ETF.
🌍 Global Landscape
-
Global cues were positive. The Trump–Putin meeting brought some calm to geopolitical worries, giving relief to energy and commodity markets.
-
Fitch Ratings pointed out that Indian companies remain largely shielded from the U.S. tariff battle, though pharma could feel the heat if duties widen.
-
Talks of lower GST rates on autos, insurance, and consumer goods are building bullish undertones in these sectors.
⚡ 21st August Expiry Outlook
-
Options Data:
-
Call OI peak: 25,000 → resistance zone
-
Put OI peak: 24,000 → support zone
-
-
Nifty Futures: trading around 24,970 with a slight premium.
-
Strategy Pick (Axis Securities):
-
Buy Nifty 24,650 CE
-
Sell Nifty 24,850 CE
-
Breakeven: ~24,730
-
Risk-Reward: Max loss ~₹6,000 vs Max profit ~₹9,000
✍️ Today’s Note
Indian markets are displaying strong undercurrents ahead of the August 21 expiry. Nifty is trapped in a 24,000–25,000 band, with traders eyeing whether bulls can push it beyond resistance. Global relief and domestic policy hopes are providing a cushion, but expiry volatility is likely to remain high.
0 comentários:
Post a Comment