Dear market participants nifty was down about 1.17% closed at 24717. now nifty broken strong support that is 24800 ,for next trading session we have to look following points.
- FII’s bought 1.45L index future and in options they sold 05L so they are medium bearish in options. In stock they sold 3310cr .
- DII’s sold 90387 index future and in options they sold 3.79L. in stock they bought 2966 Cr
- Clients are indecisive in future and in options they are strong bullish.
- If we look at Global markets, US markets and European market both are very negative and Asian markets are also indicating negative sentiment.
- Volatility index rose 74% , that closed at 14.32 .
- As per open interest nifty has 24500 followed by 24200 has highest put writer. There is highest call writer at 25800 followed by 25000.
Global markets are negative because unemployment rate is increasing in USA and now middle east conflict again started . So for next trading session market showing negative sentiment is high. Now 24800 will be strong resistance and 24500 will be strong support for the market.
-By
A Ganesh R Bhat
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