Tuesday, August 31, 2021

Stock Market Tomorrow | Nifty Pre Market Strategy | 01 Sep 21


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

Stock Market Today 

 Sensex scales fresh high, soars 663 points; Nifty rallies for 7th day to top 17,100 for first time; Airtel rallies 7%, Bajaj Finance 5%
  • Financials and IT lead the market gains
  • 26 of 30 Sensex stocks end the day in the green
  • Index contributors: TCS, Airtel, Bajaj Finance, HDFC, Infosys
  • Top Index gainers: Airtel (6.71%), Bajaj Finance (5.08%), Bajaj Finserv (3.34%)
  • Top Index losers: Nestle (1.29%), IndusInd Bank (1.06%), RIL (0.62%)
  • All BSE sectoral indices end the day in the green
  • S&P BSE Telecombiggest sectoral gainer, up 4.90%
  • Volume toppers: Bajaj Finserv, Infosys, Bajaj Finance, Airtel, Tech Mahindra

Nifty Analysis

Key  Data

Put Call Ratio - 30/09/2021

Put Open Interest30528.75 K
Call Open Interest20216.10 K
PCR Open Interest1.51
PCR OI ReadingStrong Bearish
Put Contracts Traded789557.00
Call Contracts Traded595919.00
PCR Volume1.32
PCR Vol ReadingStrong Bearish

Call option data

Maximum Call open interest of 18.14 lakh contracts was seen at 17000 strike. This is followed by 16,500 strike, which holds 16.56 lakh contracts, and 16,700 strike, which has accumulated 13.22 lakh contracts.

Call writing was seen at 17,600 strike, which added 2.05 lakh contracts, followed by 17,100 strike, which added 1.55 lakh contracts and 17,500 strike which added 1.47 lakh contracts.

Put option data

Maximum Put open interest of 29.81 lakh contracts was seen at 16,500 strike, which will act as a crucial support level in the September series.

This is followed by 17,000 strike, which holds 21.87 lakh contracts, and 16,700 strike, which has accumulated 16.8 lakh contracts.

👉  Stay with Uptrend . Follow buy on dips strategy. Avoid short position until a clear trend reversal seen on Nifty .

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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