Monday, 24 August 2020

#Nifty #Outlook 25th Aug : OI Data Analysis

  1. FII + 5150 long - 5172 short
  2. DII - 0 long - 716 short
  3. DII and FII have net short & long position
  4. DII and FII have 21% & 64% long position respectively
  5. Broad Range for Nifty looks like 11000 - 11600
  6. BNF 20 DEMA at 22078 made HH HL 
  7. Nifty Fut has support near 11237 - 20 DEMA Nifty also formed HH HL
  8. Birth Nifty and Bank Nifty at New high for the series
  9. Market is Buy on Dips

Option Chain Data Interpretation

  1. Highest OI for Puts are at 11.4k followed by 11.2 which will act as support
  2. Highest OI for call is at 11.5k & 11.4"6k which will provide resistance to upmove
  3. Notice calls are getting covered at 11300-450  indicates bears still on back foot.
  4. Lots of Put writing seen at 11400 signals bullish tinge to market
  5. Bears will try and defend 11450
  6. Bulls are appearing aggressive with puts written even on 11500


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#Nifty #Outlook 23rd Oct : OI Data Analysis