Wednesday, 12 August 2020

#Nifty #Outlook 13th Aug : OI Data Analysis

1. FII - 5034 long + 10905 short

2. DII + 161 long + 1500 short

3. DII and FII have net short & long position

4. DII and FII have 21% & 52% long position respectively 

5. Broad Range for Nifty looks like 10700 - 11500

6. BANKNIFTY made me high for the series 22326

7. Nifty 50 breaks pattern HH and HL which was formed our the weekly series

8. Nifty Fut has support near 11080 - 20 DEMA & BNF at 21927

9. Bank Nifty appears to have better strength than Nifty

10. Market remains Buy on DIPs

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 11300 we could witness good calls written thus implying bears will try and defend 11300 aggressively 

4. Expiry can be suggests for most of the day tomorrow likely between 11200-11300 however you never know



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