Thursday, June 24, 2021

Stock Market Tomorrow | Nifty Pre Market Analysis 25 June

  


Stock Market Today 

The Nifty50 opened gap up at 15,737.30 and gradually extended gains amid volatility to hit the day's high of 15,821.40. The index settled at 15,790.50, up 103.50 points.

Despite this positive move, advance-decline ratio clearly favoured bears, hinting at wide-spread profit-booking in broader markets




Nifty Analysis


Key  Data

Since it is the beginning of new series, the options data is scattered at different strikes. Maximum Put open interest was seen at 15,500 followed by 15,000 strike, while maximum Call open interest was seen at 16,000 followed by 16,500 strike. Call writing was seen at 16,000 and 16,500 strike, while Put writing was seen at 15,000 then 15,500 strike.


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Put Call Ratio - 29/07/2021

Put Open Interest19417.70 K
Call Open Interest13922.10 K
PCR Open Interest1.39
PCR OI ReadingStrong Bearish
Put Contracts Traded194500.00
Call Contracts Traded159532.00
PCR Volume1.22
PCR Vol ReadingStrong Bearish


Put / Call Options

Call Max Traded Strike Price16000.00
Call Max Traded SP Contracts23131
Call Option Open Interest13922.10 K
Call Option OI Chg %20.22
Put Max Traded Strike Price15000.00
Put Max Traded SP Contracts21090
Put Option Open Interest19417.70 K
Put Option OI Chg %16.68


Chart & Levels

nifty tomorrow , finvestonline.com

The market witnessed some lacklustre movement but made an attempt to hold on to the support level of 15,800 on the Nifty. If the index trades above 15,800, it will be positive from a short-term perspective and momentum will continue.

The support for the index have again shifted towards 15,725-15,650 zone and any dip will be a buying opportunity.
We may see some more bounce if the level holds, and the immediate hurdle is still at 15,900.




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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