Sunday, 9 August 2020

#Nifty #Outlook 10th Aug - OI Data Analysis

  1. FII + 3542 long,  + 4230 short
  2. DII 0 long + 1554 short
  3. DII and FII have net short & long position
  4. DII and FII have 23.5% & 58.4% long position respectively 
  5. Broad Range for Nifty looks like 10700 - 11300
  6. BANKNIFTY couldn't sustain above 20 DEMA but managed to close above 50 DEMA 21615 which will act as support and 21820 as resistance 
  7. Nifty 50 continues making HH and HL which is positive for Bull case with RSI Trending.
  8. Nifty had support near 11000 - 20 DEMA


Option Chain Data Interpretation

  1. Highest OI for Puts are at 11k followed by 11.1k which will act as support
  2. Highest OI for call is at 11.3k & 11.4k which will provide resistance to upmove
  3. At 11200 Put - Call OI is almost same so tug of war between Bulls N Bears will continue at this level 
  4. Bears will defend 11200 however 11300 will provide good resistance to bulls


#StockToWatch* (Positional Play / Intraday)

  • Pharma Sector 
  • Divis Lab 
  • Nathbiogen 
  • SumiChem





 

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