Dear market participants, today nifty fell 0.85%, closed at 24139 bulls failed to break the resistance of 24350. for next trading session update the following data.
- FII’s sold 21,236 index future and in options they sold 71L so they are medium bearish in derivative. In stock they sold 2107cr.
- DII’s sold 83612 index future and in options they sold 3.74L. in stock they bought 1240 Cr
- Clients are bullish in future and in option too.
- If we look at Global markets, US markets and Europe market both are bullish and Asian markets are mixed.
- India VIX rose 89% , that closed at16.17.
- As per open interest nifty has 24000 followed by 24900 has highest put writer. There is highest call writer at 24300 followed by 24400.
Yesterday nifty made indecisive candle in daily time frame and today it broke the low of the indecisive candle and made bearish candle, as per chart, now nifty in bearish sentiment. But, 24000 is very big support. So for next trading session 24000 and 24350 these two levels are important. Probability consolidation between above mentioned level is high. Chances of breaking resistance is low.
-By
A Ganesh R Bhat
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