NIFTY X-RAY REPORT FOR 04 JULY
LAST DAY SNAP SHOT:-
Real estate, metals and banks help the market close in the green after a lackluster session which saw the indices trade flat for most part. The range for the day was a mere 40 point with infrastructure keeping the market down. Sensex closed at 17425, up 26 points and Nifty at 5287, up 9 points from the previous close. CNX Midcap index was up 0.6% and BSE small cap index was up 0.8%. The market breadth was positive with advances at 893 against declines of 560 on the NSE. Top
CURRENT TECHNICAL SITUATION :-
FII bought nifty future worth rs 416.35 and open interest increased by 2.9% indicating more longs have entered into the system.
Nifty 5400 call added fresh 510,800 shares in open interest which is highest addition in calls side.
Nifty 5300 put added fresh 479,150 shares in open interest which is highest addition in put side.
Nifty 5300 call added fresh 306,550 shares in open interest.
AS per above option data indicating that 5300 and 5400 calls have been written confidently. today total calls open interest is up by 4.2%. put open interest increased by 3.2%.Today call have written much than puts.
There is distributed views according to option data.
As per Daily and weekly EOD charts Nifty is in overbought zone may give 100-150 points correction any days any time before going 5400 level, I expect. India vix index is at 18.56 it is almost at low indicating market may reverse any day.
Longs player be cautious at this level and can book profit around 5360 level.
Real estate, metals and banks help the market close in the green after a lackluster session which saw the indices trade flat for most part. The range for the day was a mere 40 point with infrastructure keeping the market down. Sensex closed at 17425, up 26 points and Nifty at 5287, up 9 points from the previous close. CNX Midcap index was up 0.6% and BSE small cap index was up 0.8%. The market breadth was positive with advances at 893 against declines of 560 on the NSE. Top
CURRENT TECHNICAL SITUATION :-
FII bought nifty future worth rs 416.35 and open interest increased by 2.9% indicating more longs have entered into the system.
Nifty 5400 call added fresh 510,800 shares in open interest which is highest addition in calls side.
Nifty 5300 put added fresh 479,150 shares in open interest which is highest addition in put side.
Nifty 5300 call added fresh 306,550 shares in open interest.
AS per above option data indicating that 5300 and 5400 calls have been written confidently. today total calls open interest is up by 4.2%. put open interest increased by 3.2%.Today call have written much than puts.
There is distributed views according to option data.
As per Daily and weekly EOD charts Nifty is in overbought zone may give 100-150 points correction any days any time before going 5400 level, I expect. India vix index is at 18.56 it is almost at low indicating market may reverse any day.
Longs player be cautious at this level and can book profit around 5360 level.
