PROBABILITES OF DALAL STREET ON 09th JULY 2024

Dear market participants,

today nifty closed in red after 10days of continuous green closings. That is also very negligible bearish sentiments, only 0.01% down. for the next trading session, one should consider the following points.

FII bought 3.77 Laksh index future and in options, they have bought 6.73L calls and 4.87L puts so there is clear bullish.
DII’s sold 65287 index futures and in options they bought 2.47L puts and 2078 calls only. so there is negligible bearish
Clients are indecisive in both the future and in options.

If we look at Global markets US markets are neutral there is no big movement on either side Europe markets are negative and Asian markets are also slightly negative.
Volatility index up by 7.13%, which closed at 13.60. as expected due to being ahead of budget it is going to rise day by day till events get over
As per open interest nifty has 24200 followed by 24000 has the highest put option and 24400 followed by 24500 has call options.

Nifty is trading between 24200 -24400 for the last 3 trading sessions. it is a consolidation period. Still indicates bullish sentiment but pre-budget significance move towards any side has less probability.

-By

A GANESH R BAHT.