Monday, July 5, 2021

Stock Market Tomorrow | Nifty Pre Market Strategy | 06 July

    

Stock Market Tomorrow | Nifty Pre Market Strategy | finvestonline.com

Stock Market Today 

The Nifty50 rose 112.20 points to 15,834.40 and formed a bullish candle on the daily charts.

The market started off the week on a positive note as the benchmark indices and broader markets traded higher throughout the session before closing in green on July 5. 



Nifty Analysis


Key  Data


Futures & Options of S&P CNX NIFTY

Near Expiry date29/07/2021Lot Size50
Stock Close Price15834.3Trade Date05/07/2021
Futures Summary
Closing Price15858.10Premium/Discount23.80
Previous Close15741.55Change %0.740
Futures OI9332.20 KChange %0.358
Futures Contracts104.17 KChange %-2.63
Call Summary
Max Traded Strike Price16000.00Contracts61.94 K
Cumulative Call OI19999.70 K% Change-0.503
Put Summary
Max Traded Strike Price15800.00Contracts49.73 K
Cumulative Put OI26552.65 K% Change3.42

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Call option data

Maximum Call open interest of 26.21 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 16.63 lakh contracts, and 16400 strike, which has accumulated 14.37 lakh contracts.


Put option data

Maximum Put open interest of 33.01 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15000 strike, which holds 29.99 lakh contracts, and 15200 strike, which has accumulated 18.08 lakh contracts.




Chart & Levels

nifty, finvestonline.com

As we discussed yesterday that the reversal will continue and we should follow buy on dips strategy and we should continue this strategy
Today the daily price action has formed a sizable bullish candle forming higher High-Low compared to the previous session and closed above the same indicating strength ahead. The next higher level to be watched is around 15,900. Any sustainable move above 15,900 levels may cause momentum towards 16,000-16,100 levels.

On the downside, any violation of an intraday support zone of 15,800 levels may cause profit booking towards 15,750-15,700 levels.


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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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