Tuesday, 11 August 2020

#Nifty #Outlook 12th Aug : OI Data Analysis

  1. FII + 841 long - 697 short
  2. DII - 1123 long + 390 short
  3. DII and FII have net short & long position
  4. DII and FII have 21.5% & 59.4% long position respectively 
  5. Broad Range for Nifty looks like 10700 - 11500
  6. BANKNIFTY  bounced from 20 DEMA 21890) chart shared
  7. Nifty 50 continues making HH and HL which is positive for Bull case with RSI Trending
  8. Nifty had support near 11066 - 20 DEMA

Option Chain Data Interpretation

  1. Highest OI for Puts are at 11.2k followed by 11.1 which will act as support
  2. Highest OI for call is at 11.4k & 11.5k which will provide resistance to upmove
  3. At levels 11.1 to 11.25k we could see short covering which gives bullish texture to market just like yesterday
  4. Market remains Buy on DIPs
  5. Bears will try and defend 11300 which will provide good resistance to bulls
Sector to Watch 

Metal Index 





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