Monday, 7 September 2020

#Nifty #Outlook 8th Sep : OI Data Analysis

  1. FII  + 5943 long - 4323 short                                  DII - 386 long - 1000 short
  2. DII and FII have 24% & 57% long position respectively
  3. FII & DII have net long and short of position respectively 
  4. II back to upping net longs
  5. Broad Range for Nifty looks like 11000 - 11900 down side range may open up let's see how market unfolds
  6. Nifty closed at 11377 below 20 DEMA (11388). Next support is 11075
  7. BankNifty closed at 22978 just below 20 DEMA 22984. This will be key level to watch out

Option Chain Data Interpretation

  1. Highest OI for Puts are at 11.3k followed by 11.2k which will act as support
  2. Highest OI for call is at 11.5k & 11.4k which will provide resistance to upmove
  3. Bulls today were able to defend 11300. Bear seems to have firm grip on the markets
  4. Market data has turned negative with Sell on Rally and under tone






No comments:

Post a comment