NIFTY broke crucial supports at 8350 and settled at about 1 % less than the previous day but overall for last 5 days it up for about 0.33 %
NIFTY FUTURES ; FII’S OI decreased the short positions while the clients OI decreased the log position, overall NIFTY futures OI increase seen in 8387 for next month decrease in OI seen in 8362 for this month.
CALL OPTIONS ; FII’S OI Increased IN THE short positions while the clients OI Increased in the the log position ; OI increase in 8400 and 8450 for this month and OI decrease in 8200 and 8550 for this month as well
PUT OPTIONS ; FII’S OI Increased IN THE long positions while the clients OI decreased in the the log position; OI increase in 8000 this month and 8200 next month , and OI decrease in 8400 and 8100 for this month .
Over all the market is likely to move in the range of 8200 to 8450 in the expiry week … They are the crucial supports and resistance for NIFTY …..
Thanks for sharing your observations sir..