Dear market participants, nifty took strong support at 24200 , 200points recovery from today’s low and closed at 24,406. For next trading session we have to look for following points.
- FII’s bought 62,416 index future and in options they bought 47Lso they are bullish l in derivatives. In stock they sold 2605cr so indicating bearish .
- DII’s sold 78,669 index future and in options they sold 2.95L. in stock they bought 2,432 Cr
- Clients are medium bullish in future and in options they are indecisive.
- If we look at Global markets, US markets are positive , European markets are bearish and Asian markets are also negative
- Volatility index rose 27% , that closed at 12.62 .
- As per open interest nifty has 24300 followed by 24200 and also 24000 has highest put writer . there is call writer at 24500 followed by 24600.
This month nifty closed above 24000 and below 24500. For next month these two levels act as main points . for intraday 24200 will be act as strong support and in upside 24500 as resistance after today’s sessions probability of downtrend from this level in low but fed interest rate decision will be there on 31st July up to that if any stock specific news may affect the market.
-By
A Ganesh R Bhat
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