Wednesday, August 4, 2021

Stock Market Tomorrow | Nifty Pre Market Strategy | 05 August


Stock Market Tomorrow | Nifty Pre Market Strategy |

Stock Market Today 

The market continued to end at record closing high on August 4, as bulls retained their charge on Dalal Street, aided by banking & financials. The upbeat global cues also supported the market.
BSE Sensex rallied 546.41 points or 1.02 percent to close at 54,369.77, while the Nifty50 rose 128 points to 16,258.80 and formed bullish candle on the daily charts.

Nifty Analysis

Key  Data

Put / Call Options

Call Max Traded Strike Price16500.00
Call Max Traded SP Contracts85091
Call Option Open Interest18823.85 K
Call Option OI Chg %-2.58
Put Max Traded Strike Price16200.00
Put Max Traded SP Contracts104232
Put Option Open Interest32882.65 K
Put Option OI Chg %6.89

RUPA | Stock Analysis & Price Outlook

Put Call Ratio - 26/08/2021

Put Open Interest32882.65 K
Call Open Interest18823.85 K
PCR Open Interest1.75
PCR OI ReadingStrong Bearish
Put Contracts Traded808448.00
Call Contracts Traded604834.00
PCR Volume1.34
PCR Vol ReadingStrong Bearish

Call option data

Maximum Call open interest of 21.60 lakh contracts was seen at 16,500 strike, which will act as a crucial resistance level in the August series.

This is followed by 16,000 strike, which holds 16.89 lakh contracts, and 15,800 strike, which has accumulated 16.73 lakh contracts.

Put option data

Maximum Put open interest of 31.89 lakh contracts was seen at 15,800 strike, which will act as a crucial support level in the August series.

This is followed by 15,500 strike, which holds 26.44 lakh contracts, and 16,000 strike, which has accumulated 24.88 lakh contracts.

Chart & Levels

nifty ,

Currently Nifty is trading in a strong blue zone. The next higher levels to be watched are around 16,300 levels. Any sustainable move above 16,300 levels may cause momentum towards 16,400-16,450 levels. Tomorrow Nifty can remain sideways with negative nature . Follow buy on dips strategy.

Any violation of an intraday support zone of 16,200 levels may cause profit booking towards 16,100-16,000 levels.

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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