PROBABILITES OF DALAL STREET ON 9th AUGUST 2024

Dear market participants, nifty once again fell 0.74%, closed at 24117. For next trading session we have to look following points.

FII’s bought 14893 index future and in options they sold 14L so they are medium bearish in options. In stock they sold 2627cr.
DII’s sold 80190 index future and in options they sold 3.99L in stock they bought 577 Cr
Clients are bullish in future and in options they are neutral.
If we look at Global markets, US markets are bullish and Europe market is slightly negative and Asian markets are mixed.
Volatility index rose 67% , that closed at 16.60.
As per open interest nifty has 24000 followed by 23900 has highest put writer. There is highest call writer at 24400 followed by 24500.

Nifty consolidating between 24350 -23900 from 3 days after RBI result nifty fail to break upper side. So for positional traders and also intraday traders above mentioned levels are important.

-By

A Ganesh R Bhat