PROBABILITES OF DALAL STREET ON 12th JULY 2024
Dear market participants, today also nifty closed in red but again it took support at 24200 as we discussed this week contracts closed between 24200 to 24500. Form tomorrow new contracts will start and we should look for some data before we take new positions.
- FII bought 3.06 Laksh index future and in options, they bought 1.58L so they are slightly bullish in derivatives. In cash, they sold 1137cr.
- DII’s sold 76,595 index futures and in options they sold 3.93L. in cash, they bought 1676 cr
- Clients are neutral in the future and options.
- If we look at Global markets US markets are negative and Europe markets are bullish and Asian markets are also
- The volatility index fell 03%, that closed at 14.
- As per open interest nifty has 24200 followed by 24000, which has the highest put seller. there are negligible call sellers at 24400 and in 24500.
Nifty has strong support at 24200. But this month’s Q1 results are coming so for positional trade there will be much volatility, the union budget is also there so overnight positions are risky at this time. so please avoid that and focus on intraday movement with strict stop loss. Strong support is at 24200 and upside resistance is 24500.
-By
A Ganesh R Bhat
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