• The options data for June series suggests Nifty is likely to be in a broader trading range of 15200-15800 as maximum Call OI is at 16000 followed by 15500 strike price. Maximum Put open interest stands at 15000 levels followed by 14700 levels. Call writing was seen at 16200 and then at 16300 strike price, while there was meaningful Put writing at 15000 and then at 14800 strike prices.
• Also signaling optimism for our stock markets is the fact that the volatility index has fallen to 18.25, the lowest level seen during this calendar year —— indicating positive bias in the market.
• ITC Q4 consolidated net profit falls 3%, declares final dividend of Rs 5.75
• *Q4 earnings to trickle in today:* PVR, MUTHOOTFIN, MOTHERSUMI.
• *Stock banned in F&O segment:* SAIL, BANK OF BARODA, SUN TV.
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By: via @AlliesFin Serve Stock Market
