Tuesday, August 31, 2021

Stock Market Tomorrow | Nifty Pre Market Strategy | 31 AUG 21


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

Stock Market Today 

 Financials, RIL drive Sensex 765 pts higher; Nifty near 16,950; Bharti Airtel, Axis Bank climb up to 5%

  • Financials and RIL lead the market gains
  • 26 of 30 Sensex stocks end the day in the green
  • Index contributors: RIL, ICICI Bank, Axis Bank, HDFC Bank, Airtel
  • Top Index gainers: Airtel (5.19%), Axis Bank (4.00%), Tata Steel (3.75%)
  • Top Index losers: Nestle (1.10%), TechM (1.01%), Infosys (0.50%)
  • All BSE sectoral indices except IT end the day in the green
  • S&P BSE Telecom biggest sectoral gainer, up 3.53%
  • S&P BSE Information Technology biggest sectoral loser, down 0.51%
  • Volume toppers: Maruti, Tata Steel, Airtel, Axis Bank, Bajaj Finance

Nifty Analysis

Key  Data

Put / Call Options

Call Max Traded Strike Price17000.00
Call Max Traded SP Contracts65345
Call Option Open Interest19637.28 K
Call Option OI Chg %9.56
Put Max Traded Strike Price16800.00
Put Max Traded SP Contracts65186
Put Option Open Interest29196.50 K
Put Option OI Chg %8.96

Put Call Ratio - 30/09/2021

Put Open Interest29196.50 K
Call Open Interest19637.28 K
PCR Open Interest1.49
PCR OI ReadingStrong Bearish
Put Contracts Traded645375.00
Call Contracts Traded477475.00
PCR Volume1.35
PCR Vol ReadingStrong Bearish

Call option data

Maximum Call open interest of 18.73 lakh contracts was seen at 17,000 strike, which will act as a crucial resistance level in the September series.

This is followed by 16,500 strike, which holds 17.96 lakh contracts, and 16,700 strike, which has accumulated 14.45 lakh contracts.

Put option data

Maximum Put open interest of 24.69 lakh contracts was seen at 16,500 strike, which will act as a crucial support level in the September series.

This is followed by 16,700 strike, which holds 16.58 lakh contracts, and 16,200 strike, which has accumulated 16 lakh contracts.

👉   Now the next level to watch in Nifty is 17000. Still uptrend is intact . So remain and trade in the direction of the trend . Follow buy on dips and avoid short positions.

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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