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    Traders' new fancy: Crypto F&O

    Indian crypto traders are flocking to Futures & Options (F&O) markets, with leading exchanges like CoinDCX and Delta Exchange experiencing a volume surge. However, a cloud of uncertainty hangs over the regulatory landscape regarding F&O taxation. This shift is driven by a desire to avoid the 1% TDS imposed by the government on spot crypto trading.

    These 4 F&O stocks saw a high increase in futures open interest
    F&O stocks to buy today: Apollo Tyre, ONGC among top 9 trading ideas for July 1, 2024

    The Nifty future ended positive with gains of 0.15% at 24,131 levels last week. The India VIX was down by 2.47% from 14.15 to 13.80 levels. On the options front, the maximum Call OI is placed at 24,200 and then towards 24,000 strikes, while the maximum Put OI is placed at 24,000 and then towards 23,800 strikes.

    Protect, without derivative damage

    Financial market regulators are warning about risks from increased derivatives trading in the Indian equity market. This surge in trading futures and options aligns with growing household exposure to equities. Suggestions to raise transaction costs could impact institutional investors and market development.

    F&O Talk: Go long in Nifty, Bank Nifty with buying on declines, says Shilpa Rout of Prabhudas Lilladher

    "The trade is undoubtedly on the long side. However, it would be quite prudent to exercise some degree of caution now. Since the FIIs' net long is currently at an all-time high of 82%, they can begin to rise in the short. After all, mining and longs can occur. In that scenario, Nifty may potentially experience a 400–500 point drop. Additionally, Bank Nifty is also able to detect up to 1,000 significant points," said Shilpa Rout of Prabhudas Lilladher

    F&O Stock Strategy: How to trade NTPC and LTIM

    The 30-stock S&P BSE Sensex reached a new high of 79,396.03 before closing at 79,278.78, up by 604.53 points or 0.77%. Meanwhile, the broader Nifty crossed the 24,000 mark for the first time, hitting a record high of 24,087.45 before ending the day at 24,044.50, gaining 175.70 points or 0.74%.

    The Economic Times
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