Monday, 17 August 2020

#Nifty #Outlook 18th Aug : OI Data Analysis

  1. FII + 13522 long - 5670 short
  2. DII - 185 long - 255 short
  3. DII and FII have net short & long position
  4. DII and FII have 21% & 65% long position respectively
  5. Broad Range for Nifty looks like 10700 - 11500
  6. BNF has resistance at 21913 which is 20! DEMA and support near 21625 which is 50 DEMA Technical structure looks weak
  7. Nifty Fut has support near 11134 - 20 DEMA and send tu be sustaining. Nifty had positive technical structure
  8. Market remains Buy on DIPs with VIX beat 21

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. Notice calls are unwinding at 10300/10350 and fresh OI build up at Strike Price of CE indicates bullish texture to Nifty as Technical Chart. Good Z put writing 11200 is positive





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#Nifty #Outlook 23rd Oct : OI Data Analysis