Pradeep Carpenter
6 Oct • 5:56 PM · SEBI-Registered Analyst
Motilal Oswal in focus on CAS-related developments
Motilal Oswal Financial Services gained attention after reports of possible changes to the Closing Auction Session (CAS) framework. The market is expecting potential relief for derivatives trading, which could support trading volumes and sentiment across capital-market stocks.
The reported proposal could involve excluding derivatives from the CAS-based settlement mechanism and reverting to the last 30-minute VWAP for determining derivatives settlement prices. However, this is still a developing matter and should not be treated as a confirmed regulatory change.
For Motilal Oswal Financial Services, any improvement in F&O activity and trading volumes could be positive because higher market participation generally supports brokerage and capital-market businesses.
Technical View
The chart remains constructive, with the stock trading above its 20 EMA, 50 EMA, 100 SMA and 200 SMA. The ₹1,010–1,020 zone is the immediate support area, while ₹1,080–1,085 is the crucial resistance.
RSI is around 65, showing healthy momentum but not yet in an extreme overbought zone. MACD remains positive, although momentum has moderated. ADX near 21 indicates that the trend is positive but not yet very strong.
The stock has already made a significant recovery, so the key question is whether the CAS-related optimism can push it through ₹1,080–1,085. A decisive close above this zone could signal a fresh breakout. Failure to cross it may lead to consolidation or profit booking toward ₹1,020.
My view: The CAS development can remain a near-term sentiment trigger, but ₹1,080–1,085 is the key technical level to watch. Until a decisive breakout occurs, chasing the stock at higher levels may carry additional risk.
Disclosure: Neither I nor my family members hold any position in the mentioned stock at the time of publication.


