Tuesday, 25 August 2020

#Nifty #Outlook 26th Aug : OI Data Analysis

  1. FII + 6529 long + 6502 short
  2. DII - 621 long - 290 short
  3. DII and FII have 20% & 63% long position respectively
  4. Broad Range for Nifty looks like 11000 - 11600
  5. BNF 20 DEMA at 22175 made HH HL 
  6. Nifty Fut has support near 11260 - 20 DEMA Nifty also formed HH HL
  7. Birth Nifty and Bank Nifty toched New high for the series
  8. Market remains Buy on Dips

Option Chain Data Interpretation

  1. Highest OI for Puts are at 11.4k followed by 11.3 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 11300-400. Good Put OI at 11400 indicates good support at this level 
  4. Bears will try and defend 11450 and try and push back Bulls to 11400




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