Dear market participants, with all negative news Indian market today bounce back from the day low and closed almost flat. For next trading session go through these points.
- FII’s bought 15055 index future and in options they sold 97L so they are medium bearish in options. In stock they sold 4681cr.
- DII’s sold 81,501 index future and in options they sold 4.02L. in stock they bought 4,478 Cr
- Clients are bullish in future and in options they are indecisive.
- If we look at Global markets, US markets and Europe market both are flat and Asian markets are also flat.
- Volatility index rose 47% , that closed at 15.87 .
- As per open interest nifty has 24200 followed by 24000 has highest put writer. There is highest call writer at 24500 followed by 24700.
In daily candle time frame nifty made indecisive so previous high and low is very important for intraday trading. With all negative news nifty come back from day low . possibility of upside move is high unless any global issue arise.
-BY
A Ganesh R Bhat
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