Data analysis for the week, 12th February 2024
Data , Market , Weekly
FII & DII Data
Observations:
FII & DII data suggest market to trade in flat to Bullish:
- Outstanding puts is 51K bought along with 15K calls – Looks Bullish.
- Last session FII, PRO, Clients & DII activity – Bullish inclined as FII, Pro & DII But Clients are Bearish.
- FII stocks is 142Cr bought – Does not hold relevance for intraday.
- Net Future OI change = have dip to -83K , Improved.
Open Interests
Observations:
OI data suggest market to remain volatile, No Clear Horizon is visible.
Nifty OI
- Max OI Calls:: 22000 , 0.75 Cr
- Max OI Puts:: 21500, 0.52 Cr
- PCR:: 0.8
Note:: OI suggests a support at 21500 , and a Resistance at 22000. Likely to remain volatile and range bound.
Banknifty OI
- Max OI Calls:: 46000 , 0.44 Cr
- Max OI Puts:: 45000, 0.28 Cr
- PCR:: 0.9
Note:: OI suggests a support at 45000 , and Resistance at 46000. Likely to remain volatile and range bound.