Tuesday, June 29, 2021

Stock Market Tomorrow | Nifty Outlook 29 June 21

  


Stock Market Today 

Sensex lost 189 points, or 0.36 percent, to end at 52,735.59 while the Nifty settled 46 points, or 0.29 percent, lower at 15,814.70.

The Nifty50 has witnessed strong resistance at 15,900 which means going forward also 15,900 will act as a strong hurdle. As long as we don’t see a decisive close above 15,900 we may not see an aggressive northward move. Support is coming near 15,775-15,675 zone.




Nifty Outlook


Key  Data

Futures & Options of S&P CNX NIFTY

Near Expiry date29/07/2021Lot Size50
Stock Close Price15814.7Trade Date28/06/2021
Futures Summary
Closing Price15854.95Premium/Discount40.25
Previous Close15888.00Change %-0.208
Futures OI9476.40 KChange %-1.41
Futures Contracts86.92 KChange %-19.99
Call Summary
Max Traded Strike Price16000.00Contracts47.11 K
Cumulative Call OI17718.85 K% Change15.18
Put Summary
Max Traded Strike Price15200.00Contracts46.74 K
Cumulative Put OI23358.85 K% Change9.72

Put Call Ratio - 29/07/2021

Put Open Interest23358.85 K
Call Open Interest17718.85 K
PCR Open Interest1.32
PCR OI ReadingStrong Bearish
Put Contracts Traded384289.00
Call Contracts Traded358095.00
PCR Volume1.07
PCR Vol ReadingStrong Bearish

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Call option data

Maximum Call open interest of 20.62 lakh contracts was seen at 16,000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16,200 strike, which holds 11.06 lakh contracts, and 15,800 strike, which has accumulated 10.67 lakh contracts.


Put option data

Maximum Put open interest of 27.31 lakh contracts was seen at 15,500 strike, which will act as a crucial support level in the July series.

This is followed by 15,400 strike, which holds 10.86 lakh contracts, and 15,800 strike, which has accumulated 10.5 lakh contracts.


SUNPHARMA | Stock Price Analysis




Chart & Outlook


The Nifty50 has witnessed strong resistance at 15,915 which means going forward also 15,915 will act as a strong hurdle. As long as we don’t see a decisive close above 15,900 we may not see an aggressive northward move. Support is coming near 15,766-15702, zone.

As trend in the short term seems to be mixed and indecisive, it looks inevitable for bulls to register a breakout above 15,900 on a closing basis to witness a sustainable upmove.


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Thanks for your Precious Time.


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Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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