PROBABILITES OF DALAL STREET ON 11th JULY 2024

Dear market participants, today nifty closed in red. As per our yesterday view, every dip allows bull entry today it happened. For the next trading session, we have to look at our traditional important points.

FII bought 3.38 lakhs index future and in options they have bought 4.32L calls and 3.74L puts. so they are bullish on futures and options also.
DII’s sold 76,267 index futures and in options they bought 3.95L puts and 2078 calls only. so there is negligible bearish.
Clients are neutral about the future and options.
If we look at Global markets US markets and Europe markets are bullish and Asian markets are also slightly positive.
Volatility index up by 1.07%, which closed at 14.43. because of budget. it would get
As per open interest nifty has 24200 followed by 24000 has the highest put seller and 24400 has the highest call seller.

From the last few trading sessions nifty keeps getting support at 24200 but it sustained above 24200 but now it looks weak support. So if you buy when the market comes at 24200 the chance of profit is low. For tomorrow nifty may be in the range of 24000-24400. And weakly expiry is also there so please take any decision only at support and resistance level that is 24200-24400 with strict stoploss. When the market is In between support and resistance level taking any side view is risky.

-By

A Ganesh R Bhat