Wednesday, 2 September 2020

#Nifty #Outlook 3rd Sep : OI Data Analysis

  1. FII  - 6538 long + 3173.                                 DII - 216 long + 2000 short
  2. DII and FII have 20% & 60% long position respectively
  3. FII & DII have net long and short of position respectively 
  4. Broad Range for Nifty looks like 11000 - 11900
  5. Nifty Inside bar formation continues as suggested yesterday Nifty have sideways 11373 is 20 DEMA. Nifty displayed HH HL
  6. Bank Nifty had another attempt at 23913 200 DEMA. Inside bar range continues

Option Chain Data Interpretation

  1. Highest OI for Puts are at 11.4k followed by 11.5k which will act as support
  2. Highest OI for call is at 11.6k & 11.7k which will provide resistance to upmove
  3. Call writers covered almost 30% position at 11500 and put writers wrote similar numbers at 11500 puts indicating bullish bias to the days 
  4. Buy on DIPs seems to be back




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#Nifty #Outlook 23rd Oct : OI Data Analysis