Nifty september futures tested intraday high of 8200 on 9th September and fell close to a low of 8107. Currently nifty maintains the positional buy since 13th August and the support zone comes around 8074.51 reverse your position to positional sell mode if the support zone breaks on the hourly charts.
Nifty futures hourly charts
Bank Nifty september futures tested intraday 16295 on 9th September and still the steam in bank nifty futures remains and holds above 16200 level. Currently bank nifty futures maintains the positional buy since 18th August and the support zone comes around 15872.4 reverse your position to positional sell mode if the support zone breaks on the hourly charts
Bank Nifty futures hourly charts
Open Interest Details
Still 8000PE open interest holds highest among the option strike price and holds right from the beginning for the option series. Looks Option writers are pretty strong in writing 8000PE options so far and they strongly believe that nifty will close above 8000 this september expiry.
Nifty 8000PE Hourly charts
Dear Rajandran,
Friday Nifty made a “Narrow Range day” indicating sharp move in either direction soon. More likely downside.
PCR (Put Call Ratio) had turned down today on Nifty. Already indicated that Nifty is going to have more downside on 15 Sept (Monday)
Now confirmed by poor IIP numbers.
What is your opinion on the economic numbers?