Sunday, June 27, 2021

Stock Market Tomorrow | Nifty Pre Market Analysis 28 June



Stock Market Today 


➤ The Nifty50 started the day on a positive note at 15,839.35 but hit an intraday low of 15,772.30 amid volatility. It, however, picked up strength in late morning deals and extended gains to hit the day's high of 15,870.80. The index rose 70 points to close at 15,860.40.



Nifty Analysis


Key  Data


➤ Since it is beginning of new series, the options data is scattered at different strikes. Maximum Put open interest was seen at 15500 followed by 15000 strike, while maximum Call open interest was seen at 16000 followed by 16500 strike.

➤ Call writing was seen at 16400 and 16500 strike while Put writing was seen at 15800 then 15400 strike. Option data indicated that the Nifty50 could see an immediate range of 15,700 to 16,000 for the coming days.


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Futures & Options of S&P CNX NIFTY

Near Expiry date29/07/2021Lot Size50
Stock Close Price15860.3Trade Date25/06/2021
Futures Summary
Closing Price15888.00Premium/Discount27.70
Previous Close15832.45Change %0.351
Futures OI9612.10 KChange %3.10
Futures Contracts108.64 KChange %10.80
Call Summary
Max Traded Strike Price15800.00Contracts37.12 K
Cumulative Call OI15383.70 K% Change10.50
Put Summary
Max Traded Strike Price15800.00Contracts42.02 K
Cumulative Put OI21290.20 K% Change9.64


Put Call Ratio - 29/07/2021

Put Open Interest21290.20 K
Call Open Interest15383.70 K
PCR Open Interest1.38
PCR OI ReadingStrong Bearish
Put Contracts Traded336864.00
Call Contracts Traded289572.00
PCR Volume1.16
PCR Vol ReadingStrong Bearish


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Chart & Levels

nifty tomorrow , finvestonline.com


The index formed a bullish candle, which resembled Hanging Man pattern, on the daily chart, while there was bullish candle on the weekly scale. The index gained 1.1 percent during the week.

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. In upcoming week Banknifty can outperform  the Nifty. 

The support for the index have again shifted towards 15,826-15,765 zone and any dip will be a buying opportunity.

In upside 15964 - 16022 will act as important resistance. Upmove may sustain so prefer buy on dips strategy.


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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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