DUE TO HEALTH PROBLEM, I AM NOT IN A POSITION TO UPDATE ON DAILY BASIS. HOWEVER, WILL TRY TO UPDATE ON WEEKLY BASIS. ONE MAY WATCH THE DATA AS WELL AS MARKET OUTLOOKS, AUTOMATED DAILY CALLS WITH SUPPORT AND RESISTANCE ETC. THAT ARE BEING UPDATED AUTOMATICALLY ON REAL TIME/DAILY BASIS.
Nifty closed on Friday at 5746.95 with a loss of 40.65 points on intraday basis. Nifty circuit filter got triggered after the 50-share index witnessed a free-fall of nearly 900 points due to erroneous sell orders worth Rs 6.50 billion executed by Emkay Global Financial Services.
NOW, 5638-5650 WILL ACT AS STRONG SUPPORT. ON THE UPSIDE, AS INDICATED LAST WEEK, 5780-5800 WILL ACT AS MILD RESISTANCE. IF THE SAME IS CLEARED, 5870 AND 5890 WILL BE SUPPLY AREA (SELLING ZONE).
For today, WATCH 5750 LEVEL ABOVE WHICH NIFTY WILL TRY TO CLEAR OTHER RESISTANCE AROUND 5780 WHEREAS ON THE DOWNSIDE, BELOW 5730, 5710 AND 5680 WILL ACT AS SUPPORT.
From options data (Read OI analysis page), noteworthy open interest has been shifted towards 6000 call while closure was observed in ATM 5700 and 5800 strikes. At the same time, Put option concentration also built up towards 5600 strike, which now holds the second highest open interest among Put strikes.
Nifty closed on Friday at 5746.95 with a loss of 40.65 points on intraday basis. Nifty circuit filter got triggered after the 50-share index witnessed a free-fall of nearly 900 points due to erroneous sell orders worth Rs 6.50 billion executed by Emkay Global Financial Services.
NOW, 5638-5650 WILL ACT AS STRONG SUPPORT. ON THE UPSIDE, AS INDICATED LAST WEEK, 5780-5800 WILL ACT AS MILD RESISTANCE. IF THE SAME IS CLEARED, 5870 AND 5890 WILL BE SUPPLY AREA (SELLING ZONE).
For today, WATCH 5750 LEVEL ABOVE WHICH NIFTY WILL TRY TO CLEAR OTHER RESISTANCE AROUND 5780 WHEREAS ON THE DOWNSIDE, BELOW 5730, 5710 AND 5680 WILL ACT AS SUPPORT.
From options data (Read OI analysis page), noteworthy open interest has been shifted towards 6000 call while closure was observed in ATM 5700 and 5800 strikes. At the same time, Put option concentration also built up towards 5600 strike, which now holds the second highest open interest among Put strikes.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
