Option Chain Analysis at Morning 14 Mar

The options market indicates that the highest open interest on the call side is at the 22500 level, while on the put side, it's at 21700. In todays option chain, Higher call writing is witnessed compared to the put writing which indicates a negative sentiment

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The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 21935 and 22095. The Max Pain is seen at 22100 spot with the CE/PE Combined Residual Premium/Pain Value of 546.22 Crores.

Key stock updates 

🔸 Adani Enterprises 

 

Adani ConneX’s Hyderabad site gets five-star grading from the British Safety Council.  

 

🔸 IIFL Finance 

 

The company approved raising up to Rs 1,500 crore via issue of shares and up to Rs 500 crore via NCDs on a private placement basis 

 

🔸 Sanofi India 

 

The Board has approved an exclusive distribution and promotion agreement between SIL and Emcure Pharmaceuticals Limited for SIL’s Cardiovascular products in India 

 

🔸 Cyient Limited 

 

The company has announced that it has signed a multiyear services agreement with Airbus for cabin and cargo engineering.  

 

🔸 RVNL 

 

RVNL-SALASAR JV has received Letter of Award from Madhya Pradesh Power Transmission Co Ltd for construction of 132 kV & 220 kV transmission lines and associated feeder bays on total turnkey basis in eastern MP”. 

 

🔸 Federal bank 

 

Pursuant to a letter from RBI, the bank has stopped issuance of new co-branded credit cards. The Bank is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance 

 

🔸 Indian Hume Pipe 

 

The company received orders worth Rs 230 crore from Telangana government for water supply and sewerage projects.  

 

🔸 Bharat Forge 

 

The company approved the fundraise of Rs 12.5 crore by way of the issuance of NCDs on a private placement basis and an unsecured loan up to Rs 37.5 crore 

 

🔸 Tata Motors 

 

The company signed an MoU with Tamil Nadu government to set-up vehicle manufacturing facility. This MoU requires investment of Rs 9,000 crore over 5-year period.  

 

🔸 HAL  

 

The Defence ministry signed two contracts with a combined value of Rs 8,073 crore with HAL for acquisition of 34 advanced light helicopters and associated equipment for the Indian Army and the Coast Guard 

🔸 IFCI Limited 

 

Board meeting to be held on March 19, 2024, to consider Preferential Issue of equity shares to the Government of India subject to the approval of Shareholders.