Sunday, July 11, 2021

Stock Market Tomorrow | Nifty Pre Market Strategy | 12 July


Stock Market Tomorrow | Nifty Pre Market Strategy |

➽ Market erased early gains and ended marginally lower for the week which ended on July 9. Unsupportive global cues, muted rainfall, and worries over the third coronavirus wave weighed on investor sentiment.

Nifty Analysis

Key  Data

Futures Summary
Closing Price15722.45Premium/Discount32.65
Previous Close15735.40Change %-0.082
Futures OI9648.40 KChange %-3.29
Futures Contracts136.84 KChange %-26.69
Call Summary
Max Traded Strike Price15700.00Contracts79.58 K
Cumulative Call OI21997.05 K% Change2.50
Put Summary
Max Traded Strike Price15700.00Contracts66.49 K
Cumulative Put OI27512.15 K% Change-1.86

Put Call Ratio - 29/07/2021

Put Open Interest27512.15 K
Call Open Interest21997.05 K
PCR Open Interest1.25
PCR OI ReadingStrong Bearish
Put Contracts Traded472544.00
Call Contracts Traded509430.00
PCR Volume0.928
PCR Vol ReadingBearish

Option data indicated that Nifty50 may trade in a range of 15,500-15,900 levels for coming sessions.

On option front, maximum Put open interest was seen at 15000 followed by 15700 and 15600 strikes while maximum Call open interest was seen at 15800 strike followed by 15700 and 16000 strikes. Call writing was seen at 15700 strike then 15800 and 16200 strikes while minor Put writing was seen at 15700 strike then 15000 and 15600 strikes.

For the coming week, 15700 Put and 15800 Call hold the highest option base where 15800 Call holds more than 40 lakh shares. We believe the result season may provide some trigger to move out of the prevailing range of 15600-15900 levels.

EQUITASBNK | Stock Analysis & Price Outlook

Chart & Levels

nifty ,

Remain extra cautious in the selection of sectors and stocks for short term trades and limit naked leveraged positions. Investors, on the other hand, shouldn't worry about the intermediate corrective phase and focus on the earnings season for cues.

But if some big uncertain not happen in the upcoming week then we will definitely see again a upside trend reversal in the Nifty from the current levels.  So, Long position in the Nifty can be made for the potential level upside level of 15936 and if Nifty closes above 15936 then we will see the levels of 16148. Follow buy on dips until Nifty is above 15632. Still 15936 is big resistance level in upside and 15632 will act as immediate support for Nifty.

BHARATFORG | Stock Analysis & Price Outlook

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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