Dear market participants, finally nifty broken 25000 level and made fresh all time high that is 25078.
Day ended above 25000. For next trading session check the following points.
- FII’s bought 1.66L index future and in options they bought 31,265 so they are medium bullish in derivative. In stock they bought 2089cr.
- DII’s sold 81520 index future and in options they sold 3.5L. in stock they sold 337 Cr.
- Clients are medium bearish in future and in options they are neutral.
- If we look at Global markets, US markets and European market both are negative and Asian markets are too indicating negative sentiment.
- Volatility index fell 42%, that closed at 12.93.
- As per open interest nifty has 24800 followed by 24500 has highest put writer. There is highest call writer at 25100.
In day candle nifty made indecisive candle so after new all time high it made some correction. so, 24800 will be strong support and 25100 will be strong resistance for tomorrow.
Profit booking is still pending in nifty there is chance of some correction up to support level that is 24800 is high.
-By
A Ganesh R Bhat
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