PROBABILITES OF DALAL STREET ON 15th JULY 2024
Dear market participants, in the last trading session, as we discussed there was weak resistance at the 24400 level in nifty, the market broke the 24400 level and also reached 24500, making a new all-time high. for taking a position from current levels we should look following important points.
- FII bought 3.27 Laksh index futures and in options, they bought 43303 so they are neutral in derivatives. In cash, they bought 4021.60cr.
- DII’s sold 80814 index future and in options they sold 3.92L. in cash they sold 1651cr
- Clients are bearish in the future and in option they are neutral.
- If we look at Global markets, US markets, Europe, and Asian markets all three are bullish
- The volatility index fell 93%, which closed at 13.72.
- As per open interest nifty has 24400 followed by 24300 has the highest put seller. there are negligible call sellers at 24550 and 24600.
India’s annual consumer inflation rate rose to 5.08% in June of 2024 from 4.75% in the previous month, well above market expectations of 4.80% to reflect the fastest pace of price growth since February. From the last month, Indian consumer prices jumped by 1.33%, the largest increase in 11 months. IT sector Q1 results are coming good and the industrial production rate also increased so there is more positive news than negative news. for tomorrow’s session also bull sentiments may continue in markets. if any dip happens then it will be an opportunity to buy with strict stoploss.
-By
A Ganesh R Bhat
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