PROBABILITES OF DALAL STREET ON 12th AUGUST 2024

Dear market participants, nifty up 1.04% in last trading session. Before taking next trades we have to look the following data.

FII’s bought 22,277 index future and in options they sold 71L so they are medium bearish in options. In stock they bought 407c.
DII’s sold 81542 index future and in options they sold 4.12L in stock they bought 3,980 Cr
Clients are indecisive in future and in options they are bullish.
If we look at Global markets, US markets and Europe market both are slightly positive and Asian markets are also slightly positive.
Volatility index fell 63%, that closed at 15.34 .
As per open interest nifty has 24,000 followed by 23,900 has highest put writer. There is highest call writer at 24,500 followed by 24,700.

Nifty broken 3 days consolidation range and closed above 24350. Globally markets are slight positive. But in Indian market Hindenburg new controversy is started so there is high chance that market may go with the negative sentiment.

-By

A Ganesh R Bhat