- FII - 7279 long + 2145 DII + 9 long -839 short
- DII and FII have 20% & 57% long position respectively
- FII & DII have net long and short of position respectively
- Broad Range for Nifty looks like 11000 - 11900
- Nifty Inside bar formation continues as suggested yesterday Nifty have sideways 11388 is 20 DEMA. Nifty HH HL continues
- Bank Nifty had another 3rd attempt at 23911 200 DEMA after correction fails which will act as resistance. Low formed on shakeout day Aug 31st - 23394 will be key support
Option Chain Data Interpretation
- Highest OI for Puts are at 11.5k followed by 11.4k which will act as support
- Highest OI for call is at 11.6k & 11.7k which will provide resistance to upmove
- Looking at puts written at 10500 it should hold
- Buy on DIPs seems to be back however Indian Markets are subject to DOW futures risk 😜
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