PROBABILITES OF DALAL STREET ON 30th JULY 2024

Dear market participants, just one point less for nifty to touch 25000. After that some as usual some profit booking came and went downside, closed at 24836. For next trading session we have to look following points.

FII’s bought 1.51L index future and in options they bought 79562. so, they are medium bullish in derivatives. In stock they sold 2475cr.
DII’s sold 79,241 index future and in options they sold 3.25L, in stock they bought 5666 Cr.
Clients are medium indecisive in future and in options they are medium bullish.
If we look at Global markets, US markets and European markets sideway and in asian markets are positive.
Volatility index rose 5.70%, that closed at 12.94 .

As per open interest nifty has 24600 followed by 24500 has highest put writer, there is highest call writer at 25000.

After reaching new all time high nifty, some profit booking came and for next trading day 24600to24500 will act as strong support zone for bulls and 25000 is weak resistance for bears Because as of now sentiment is bullish in market. If market reach 24500, chances of bounce back from that level is high.

-By

A Ganesh R Bhat