Data for the Week, 29th January, 2024
Analysis , Data
FII & DII Data
Observations:
FII & DII data suggest market to trade in flat to Bearish Zone:
- Outstanding puts is 1.7L against 26K calls – Looks Bearish.
- Last session FII, PRO, Clients & DII activity – Mixed as FII Looks Bearish But Pro, Client & DII are Bullish.
- FII stocks is -2.1K Cr – Does not hold relevance for intraday but bullish in long term perspective
- Net Future OI change = have dip to -1.09L , Looks Negative.
Open Interests
Observations:
OI data suggest market to remain volatile, No Clear Horizon is visible.
Nifty OI
- Max OI Calls:: 21300 , 1.65 Cr
- Max OI Puts:: 21300, 1.12 Cr
- PCR:: 0.8
Note:: OI suggests strong support at 21250 , and a Resistance at 21400. Likely to remain volatile.
Banknifty OI
- Max OI Calls:: 44500 , 0.73 Cr
- Max OI Puts:: 45000, 0.62 Cr
- PCR:: 0.9
Note:: OI suggests a support at 44500 , and Resistance at 45000. Likely to remain volatile.