Wednesday, 26 August 2020

#Nifty #Outlook 27th Aug : OI Data Analysis

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




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