Dear market participants, Nifty fell 0.27% , closed at 24413. tomorrow there is monthly expiry for nifty. so we must look following data for an intraday trades.
- FII’s bought 2.4 lakhs index future and in options they sold 1.08L so they are bearish l in derivatives. In stock they sold 5,131 cr so indicating bearish .
- DII’s sold 76,479 index future and in options they sold 3.85L. in stock they bought 3,137cr.
- Clients are Indecisive in future and in options they are bullish.
- If we look at Global markets, US markets are very bearish , European markets and Asian markets are also negative
- Volatility index fell 7.73% , that closed at 11.76.
- As per open interest nifty has 24300 followed by 24000 has highest put writer . there is call writer at 24500 followed by 24600.
Because of monthly expiry tomorrow there will be volatility in nifty. For expiry trade important points are 24300 as support level and 24500 as resistance. If markets breaks support level it has high probability to move up to 24100 followed by 24000. If nifty breaks resistance then next hurdle in upside is 24666 . chance of consolidate between 24300 to 24600 is less on tomorrow’s trading session.
-By
A Ganesh R Bhat
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