- FII + 22832 long + 19276 short
- DII - 0 long - 531 short
- DII and FII have 20% & 61% long position respectively
- Broad Range for Nifty looks like 11000 - 11700
- BNF 20 DEMA at 22295 HH HL continues day 5
- Nifty Fut has support near 11288 - 20 DEMA Nifty HH HL pattern continues
- Both Nifty and Bank Nifty toched New high for the series
- Market remains Buy on Dips
Option Chain Data Interpretation
- Highest OI for Puts are at 11.5k followed by 11.4 which will act as support
- Highest OI for call is at 11.6k & 11.5/7k which will provide resistance to upmove
- Notice calls are getting covered all over even at 11600. Good Put OI at 11500 indicates good support at this level
- As suggested in this week bears are on back foot as Bulls are charging
- Tomorrow volatility might be order of the day expect strong closing to expiry
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