- FII + 5150 long - 5172 short
- DII - 0 long - 716 short
- DII and FII have net short & long position
- DII and FII have 21% & 64% long position respectively
- Broad Range for Nifty looks like 11000 - 11600
- BNF 20 DEMA at 22078 made HH HL
- Nifty Fut has support near 11237 - 20 DEMA Nifty also formed HH HL
- Birth Nifty and Bank Nifty at New high for the series
- Market is Buy on Dips
Option Chain Data Interpretation
- Highest OI for Puts are at 11.4k followed by 11.2 which will act as support
- Highest OI for call is at 11.5k & 11.4"6k which will provide resistance to upmove
- Notice calls are getting covered at 11300-450 indicates bears still on back foot.
- Lots of Put writing seen at 11400 signals bullish tinge to market
- Bears will try and defend 11450
- Bulls are appearing aggressive with puts written even on 11500
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