Wednesday, 19 August 2020

#Nifty #Outlook 20th Aug : OI Data Analysis


  1. FII - 2215 long - 221 short
  2. DII + 507 long - 307 short
  3. DII and FII have net short & long position
  4. DII and FII have 22% & 64% long position respectively
  5. Broad Range for Nifty looks like 11000 - 11600
  6. BNF trading well above 20 DEMA which will now act as support at 21972
  7. Nifty Fut has support near 11184 - 20 DEMA
  8. Market remains Buy on DIPs with VIX below 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 11.5k & 11.4k which will provide resistance to upmove
  3. Notice calls are getting covered at 11100 to 11400 indicates bullish texture to Nifty continues with aggressive put writing  at 11300 & 11400 (50% added here)
  4. Bears will try and defend 11400 but seems build are holding Fort well above 11400






No comments:

Post a Comment

#Nifty #Outlook 23rd Oct : OI Data Analysis