Range India Financials ETF(INDF · ETF)
ETF quote, holdings, sector allocation, technicals, and options analytics.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
Range India Financials ETF (INDF) ETF
- Exchange
- ARCX
- Inception
- 2020-10-21
- Has Options
- No
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IBN | ICICI BANK LIMITED | 20.02% | Equity (common) | IN |
| HDB | HDFC BANK LIMITED | 19.64% | Equity (common) | IN |
| — | AXIS BANK LIMITED | 6.95% | Equity (common) | IN |
| — | JIO FINANCIAL SERVICES LIMITED | 5.04% | Equity (common) | IN |
| — | State Bank of India | 4.62% | Equity (common) | IN |
| — | BAJAJ FINSERV LIMITED | 4.50% | Equity (common) | IN |
| — | BAJAJ FINANCE LIMITED | 4.41% | Equity (common) | IN |
| — | SBI LIFE INSURANCE COMPANY LIMITED | 4.38% | Equity (common) | IN |
| — | SHRIRAM FINANCE LIMITED | 4.34% | Equity (common) | IN |
| — | HDFC LIFE INSURANCE COMPANY LIMITED | 4.30% | Equity (common) | IN |
| — | KOTAK MAHINDRA BANK LIMITED | 4.18% | Equity (common) | IN |
| — | CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED | 3.23% | Equity (common) | IN |
| — | POWER FINANCE CORPORATION LIMITED | 3.17% | Equity (common) | IN |
| — | HDFC Asset Management Company Ltd | 3.04% | Equity (common) | IN |
| — | REC LIMITED | 2.62% | Equity (common) | IN |
| — | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED | 2.46% | Equity (common) | IN |
| — | MUTHOOT FINANCE LIMITED | 1.49% | Equity (common) | IN |
| — | SBI CARDS AND PAYMENT SERVICES LIMITED | 1.28% | Equity (common) | IN |
| — | ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | 1.28% | Equity (common) | IN |
| — | LIC HOUSING FINANCE LTD | 0.94% | Equity (common) | IN |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: INDF
Executive Summary
Executive Summary: NEUTRAL (Confidence Level: 5/10)
Key Drivers:
- Oversold RSI reading (13.09) and MACD histogram (-0.46) indicate potential buy signal
- Trend indicators (SMA, EMA, and ADX) suggest a trend is in place
Primary Risks:
- Bearish momentum signals (MACD and Stochastic %K)
- Oversold conditions may persist if the stock fails to rebound
Investment Thesis: INDF has entered an oversold territory, which could lead to a short-term rebound. However, the market narrative suggests caution due to the lack of significant news catalysts.
Recent News Sentiment Impact: The recent headlines have been neutral, with no significant impact on the stock price.
Technical Analysis
Trend Direction:
- Short-term: Downtrend (SMA 20 and EMA 12 below current price)
- Medium-term: Trend uncertain due to mixed signals
- Long-term: Uptrend (SMA 200 above current price)
Support/Resistance Levels: Upper Bollinger Band ($40.42), Middle Line ($37.51), Lower Band ($34.60)
Momentum Signals:
- RSI interpretation: Oversold (13.09)
- MACD signal: Bearish (-0.84 / Signal: -0.38 / Histogram: -0.46)
- Bollinger Bands position: Oversold
Volume Analysis: Volume is relatively low, with a volume rate of change at 959.09%. This could indicate institutional selling.
News & Sentiment Analysis
Recent Headlines Summary: Neutral headlines focusing on general market commentary and routine announcements.
Sentiment Assessment: Neutral sentiment overall, with no significant news catalysts driving the stock price.
Catalyst Identification: No upcoming events or earnings reports that would significantly impact the stock price.
Market Narrative: The lack of significant news and mixed technical signals suggest caution in the short-term.
Risk & Volatility Assessment
Risk Assessment:
- Beta: N/A (vs SPY)
- Alpha: N/A
- Correlation: N/A
- Stock Volatility: N/A
- Interpretation: Neutral to high risk due to oversold conditions and bearish momentum signals
Volatility Regime: Current volatility is relatively low compared to historical levels.
Options Market Signals: No options data available, so no insights can be gained from this metric.
Downside Protection: Support levels include the Lower Bollinger Band ($34.60) and previous lows.
Market Context & Positioning
Sector Performance: INDF's sector (India ETFs) has been relatively strong in recent months.
Institutional Activity: Low institutional activity, which could indicate caution among market participants.
Correlation Analysis: No correlation data available to assess the stock's movement relative to the market.
Relative Valuation: The stock is trading within its historical range, neither overbought nor oversold.
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band ($34.60)
- Previous lows
Breakout/Breakdown Levels:
- Upper Bollinger Band ($40.42)
Time-Sensitive Catalysts: No significant earnings reports or events in the near-term.
Risk Management: Stop-loss levels can be set at $30.50 (previous low) to manage risk, and position sizing considerations should prioritize diversification.
By analyzing the data, it is clear that INDF has entered an oversold territory, which could lead to a short-term rebound. However, caution is advised due to the lack of significant news catalysts and bearish momentum signals. The market narrative suggests a neutral sentiment, with no major events or earnings reports on the horizon. As such, investors should prioritize diversification and risk management when considering a position in INDF.
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Click any bar to view the full quote for that stock.
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