Derived trade indicates a change towards the upward feeling, and writers put growing positions significantly. I | Photo credit: Istockphoto
National markets are expected to open positively on Tuesday in mixed global signals. The weak IIP data and mixed corporate results will keep the market under pressure, analysts said. However, strong purchases from foreign portfolio investors and national institutions will keep the market in a consolidation phase.
Aditi Nayar, chief economist and boss – research and dissemination, ICRA LTD, said: “The growth of the IIP by March 2025 arrived in Thancast of 3.3 percent. The increase in manufacturing was compensated with a great future, while there is some evidence, as well as comments on the frontal load in exports to the US or an increase in production in the month of incrustation.
Meanwhile, Kotak Institution Equities said: The recently rebounds in the market reflects a certain degree of complacency and optimism in the market with respect to global growth and domestic gains. “In our opinion, there is still great uncertainty on key issues (global growth, rate/commerce, US dollar) that will shape global and national markets and optimism in market profits.
“The fact that the market is quoting above the levels of” day of liberation “would suggest that all the problems have been solved. Actually, the growth of the GDP of the flóbal and the national is likely that the reciprocal tariff and trade has been wondered, it was not wondered that it was wondered, it was wondered, I did not know it, it is not a state, it continues to be in all sectors and companies;
Derived trade indicates a positive perspective, analysts said.
Dhupesh Dhameja, derivative research analyst, Samco Securities, said that the options configuration reflects a gradual transition in the feeling of the cautious to confident market. “Put writers have expanded their aggressively positions, excesses of call writers: a positive signal for bullish bets. The 24,500 strike has a great addition of open interest (1.06 million contracts), which establishes that it establishes as a short -term athletics. Contracts), offering a strong support floor just below the current levels.
“The heating ratio (PCR) has increased abruptly to 1.17 of 0.70, suggestions a remarkable change towards the upward feeling. The maximum pain remains focused on 24,200, which implies a bias tied by the reach for now, with an inclined upward.
India’s vix decreased 1.27% to 16.94, reflecting a marginal reduction in volatility. However, given the global macro signals, volatility could increase unexpectedly. Although the Vix remains in a management band, its stay above psychological brand 15 suggests that merchants should vigilant due to intra -erratic swings and whipsesws, he said.
More like this
Posted on April 29, 2025
