Dear market participants, nifty took consolidation from 3 days between 24800 to 25000. Today also
Failed to touch 25000. For tomorrow’s session just look at few points.
- FII’s bought 1.44L index future and in options they sold 59,457 so they are medium indecisive in derivative. In stock they sold 3462cr.
- DII’s sold 81746 index future and in options they sold 3.2Lakhs in stock they bought 3367 Cr
- Clients are medium bearish in future and in options they are neutral.
- If we look at Global markets, US markets are bullish and European market is also positive and in Asian markets are too.
- Volatility index rose 87% , that closed at 13.25.
- As per open interest nifty has 24800 followed by 24700 has highest put writer. There is highest call writer at 25000.
As of now all global markets are bullish , but as per Indian time from 11:30 US fed meeting will be there about interest rate . so that will impact on our market on tomorrow. And nifty weekly expiry is also on tomorrow. Chances of breaking consolidation in nifty that is 24800-25000 is high.
-By
A Ganesh R Bhat
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