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 5684.25 with a loss of 34.45 points on intraday basis.
NOW, AS INDICATED LAST WEEK, 5638-5630 WILL ACT AS STRONG SUPPORT, WHEREAS ON THE UPSIDE, 5780-5800 WILL ACT AS RESISTANCE FOR THIS EXPIRY. BELOW 5630, EXIT FROM ALL SHORTS.
For today, WATCH 5700/5710 LEVEL ON THE UPSIDE. ABOVE 5710, THERE IS EVERY CHANCE FOR NIFTY TO HIT 5780 WHEREAS ON THE DOWNSIDE, BELOW 5630, DOWNWARD MOVE WILL CONTINUE.
From options data (Read OI analysis page), Nifty Oct Call 5800 and Put 5600 strikes saw noteworthy addition of open interest along with fresh writing in November series 5500 Put and 5800 Call strikes. The continuous decline in implied volatility also indicates writing among these strikes.
Nifty closed on Friday at 5684.25 with a loss of 34.45 points on intraday basis.
NOW, AS INDICATED LAST WEEK, 5638-5630 WILL ACT AS STRONG SUPPORT, WHEREAS ON THE UPSIDE, 5780-5800 WILL ACT AS RESISTANCE FOR THIS EXPIRY. BELOW 5630, EXIT FROM ALL SHORTS.
For today, WATCH 5700/5710 LEVEL ON THE UPSIDE. ABOVE 5710, THERE IS EVERY CHANCE FOR NIFTY TO HIT 5780 WHEREAS ON THE DOWNSIDE, BELOW 5630, DOWNWARD MOVE WILL CONTINUE.
From options data (Read OI analysis page), Nifty Oct Call 5800 and Put 5600 strikes saw noteworthy addition of open interest along with fresh writing in November series 5500 Put and 5800 Call strikes. The continuous decline in implied volatility also indicates writing among these strikes.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
