Thursday, 20 August 2020

#Nifty #Outlook 21st Aug : OI Data Analysis

  1. FII - 9281 long + 14585 short
  2. DII - 590 long - 0 short
  3. DII and FII have net short & long position
  4. DII and FII have 22% & 54% long position respectively
  5. Broad Range for Nifty looks like 11000 - 11600
  6. BNF breached 20 DEMA (21966) and closed at 21915. Now 50 DEMA will act as support 21681
  7. Nifty Fut has support near 111893 - 20 DEMA
  8. Let's see how August expiry data develops 

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 puts are getting covered at 11100 to 11200 indicates Bulls are treading cautiously into monthly expiry 
  4. Bears defended 11400 with aid of global negative cues. Good call writing seen at 11300. Bulls will be in back foot as we enter into last week of monthly expiry



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#Nifty #Outlook 23rd Oct : OI Data Analysis