Tuesday, July 6, 2021

Stock Market Tomorrow | Nifty Pre Market Strategy | 07 July 21

    

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

Stock Market Today 

The Sensex fell 18 points to close at 52,861, while the Nifty50 ended 16 points closer at 15,818.

Today again a selloff seen due to profit-taking at higher levels amid muted global cues along with a rise in crude prices.

The index failed to close above 15,900 though it crossed the level but swiftly made a U-turn and slide more than 100 points below the day's high.



Nifty Analysis


Key  Data

Futures & Options of S&P CNX NIFTY

Near Expiry date29/07/2021Lot Size50
Stock Close Price15818.2Trade Date06/07/2021
Futures Summary
Closing Price15837.45Premium/Discount19.25
Previous Close15858.10Change %-0.130
Futures OI9540.30 KChange %2.23
Futures Contracts105.12 KChange %0.904
Call Summary
Max Traded Strike Price16000.00Contracts62.51 K
Cumulative Call OI19842.95 K% Change-0.784
Put Summary
Max Traded Strike Price15800.00Contracts57.50 K
Cumulative Put OI26762.35 K% Change0.790
On the options front, the maximum Put OI is seen at 15,500 followed by 15,000 strikes, while maximum Call OI is seen at 16,000 followed by 16,500 strikes. Options data suggests an immediate trading range between 15,600 and 16,000.


XELPMOC | Stock Price Analysis & Outlook



Put Call Ratio - 29/07/2021

Put Open Interest26762.35 K
Call Open Interest19842.95 K
PCR Open Interest1.35
PCR OI ReadingStrong Bearish
Put Contracts Traded455256.00
Call Contracts Traded376581.00
PCR Volume1.21
PCR Vol ReadingStrong Bearish


Chart & Levels

nifty  , finvestonline.com

The index failed to close above 15,900 though it crossed the level but swiftly made a U-turn and slide more than 100 points below the day's high.

The level of 15,900 is a stiff resistance and until the index closes above it, the markets will remain sideways with a positive bias.

As today in the second session a strong selling seen , so this selling can continue in tomorrow first session and Nifty can test 15762 in downside. But remember still Nifty is not weak , so when this selling is over then again a bullish reversal may be seen . So trade cautiously.





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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