Thursday, 27 August 2020

#Nifty #Outlook 28th Aug : OI Data Analysis

  1. FII -7082 long - 36735 short
  2. DII - 589 long + 100 short
  3. DII and FII have 19% & 75% long position respectively
  4. Broad Range for Nifty looks like 11000 - 11700
  5. BNF 20 DEMA at 22423 HH HL continues day 5
  6. Nifty Fut has support near 11323 - 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
  9. Let's see what New series brings in

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. As suggested in this week bears were on back foot as Bulls are charging taking Nifty across 11600 with strong expiry 




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#Nifty #Outlook 23rd Oct : OI Data Analysis