- SGX Nifty indicating a negative opening with 43 points cut
- FIIs net sold shares worth Rs 338.43 crore and DIIs net purchased shares worth Rs 645.59 crore
- FIIs have been selling for more than 1000 cr on a daily basis they have reduced selling
- Looking at OI aggressive put writing seen 15700 to 15800 levels
- Nifty Future can trade between 15720 – 15920
- India VIX is at 12.06.
- Nifty PCR OI rose from 1.09 to 1.25.
- Bank Nifty PCR OI rose from 0.83 to 1.03.
- Nifty still in range but positive data setup could form higher base to give breakout
Nifty/Banknifty for 6 July 21
Nifty : 15834
Resist : 15870 & 15915
Suppt: 15775 & 15740
Banknifty : 35212
Resist: 35400 & 35800
Supt : 35000 & 34870