Option Chain Analysis End of the Day

Option Chain Analysis (14-Feb-2024 ;EOD)

The options market indicates that the highest open interest on the call side is at the 22000 level, while on the put side, it's at 21500. Today's option chain shows that there is more put writing than call writing, indicating a positive sentiment in the market.

Our system suggests a trading range for the next day between 21700 and 21930. The Max Pain is seen at 21800 spot with the CE/PE Combined Residual Premium/Pain Value of 295.48 Crores.

Update on Option Chain Analysis will be shared in the Live market.

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Key stock updates

🔸 Havells India Limited 

 

The company has approved the execution of a Joint Venture agreement in the ratio of 80:20 into the share capital of Havells HVAC LLC with Salesmark Ventures LLC a company organized under the laws of the State of Florida, USA 

 

🔸 Hindustan Unilever 

 

The company plans to partner with the Andhra Pradesh government to produce palm oil in the state  

 

🔸 Utkarsh Small Finance Bank 

 

The board will evaluate a proposal for a reverse merger with its holding company Utkarsh CoreInves 

 

🔸 Concor 

 

The company signed a MoU with the container company of Bangladesh to extend the existing agreement for running container trains between India and Bangladesh 

 

🔸 West Coast Paper 

 

The company achieved the milestone by doubling capacity for optical fiber cable production 

 

🔸 Adani Enterprise 

 

The company's unit, Mumbai Travel Retail has completed the incorporation process of a wholly owned subsidiary Ospree International FZCO in the UAE 

 

🔸 GMR Power and Urban Infra Limited 

 

The Company has entered into a binding agreement with Claymore Investments Pte Ltd. for the acquisition of GMR Energy Limited from Claymore at a negotiated settlement price of Rs. 442 Crores  

 

🔸 Muthoot Finance 

 

The Board of Directors at the meeting has inter alia:

 

1. Approved raising of funds by issuance of Redeemable Non-Convertible Debentures, through public issue for an amount up to Rs. 6,000 crores to be issued in one or more tranches 

 

2. Approved raising of funds by issuance of Redeemable Non-Convertible Debentures through private placement for an amount up to Rs. 10,000 crores to be issued in one or more tranches

 

3. Additional equity infusion of Rs. 300 Crores in Belstar Microfinance Limited, a subsidiary of the company and secondary purchase of equity shares of Belstar from the existing promoters for a consideration of up to Rs. 75 Crores 

 

🔸 Selan Exploration Technology Limited 

 

The company has entered into a Farm in Farm out agreement dated February 14th 2024 to acquire 50% Participating Interest in Cambay field