Tuesday, 18 August 2020

#Nifty #Outlook 19th Aug : OI Data Analysis

1. FII - 399 long + 1539 short

2. DII - 134 long - 0 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 11000 - 11600

6. BNF closed above 20 DEMA which will now act as support at 21936

7. Nifty Fut has support near 11160 - 20 DEMA

8. Market remains Buy on DIPs with VIX cooked by 4% at 20

Option Chain Data Interpretation

1. Highest OI for Puts are at 11.3k followed by 11.2 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 getting covered at 11100 to 11350 indicates bullish texture to Nifty continues with aggressive put writing at 10300

4. Bears will now try and defend 11400 and possibly try and push Bulls back to 11300 but need to see how data develops





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