Friday, 14 August 2020

#Nifty #Outlook 14th Aug : OI Data Analysis

1. FII + 4876 long - 3030 short
2. DII + 0 long + 0 short
3. DII and FII have net short & long position
4. DII and FII have 21% & 55% long position respectively
5. Broad Range for Nifty looks like 10700 - 11500
6. BANKNIFTY made me HH and HL pattern
7. Nifty Fut has support near 11111 - 20 DEMA & BNF at 21954
8. Market remains Buy on DIPs however let's see how me series unfolds
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





 

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#Nifty #Outlook 23rd Oct : OI Data Analysis