Trade Setup | Nigel Dsouza’s View On Market
Nifty still in a 400 pt range
Nifty Bank either it visits 43,600 or tests 44700
Change in OI for August 2023 series
Nifty – 3.7 percent
Nifty Bank – 10 percent
FII in FNO
a. Index Futures
Remain 57 percent net short, Signs of short covering on Nifty Bank
b. Index Options
Wrote 1.9 lakh Puts, wrote more than 2 puts for 1 call
Nifty Options
Strike Change in OI Premium
19350 Put +41 lakh shares 55
19500 Call +27 lakh shares 25
Nifty Levels
20 DMA 19,555
50 DMA 19,318
Support 19200-19250
Strike Change in OI Premium
44000 Put +16 lkh shares 178
43900 Put +12 lkh shares 138
Nifty Bank Levels
100 DMA 43740
Resistance 1 44200
Resistance 2 44700
Nifty Financial Services
Options data suggest range at 19513-19677