July 3/25
Global Dow closed +580 points (2.3%) yesterday. Asian markets are flat to positive. +0.3%. Asian markets will react to HongKong related news. Dow Futures are flat to positive. DAX, FTSE also similar. SGX is in green with 65 odd points. Option chain 10300 CE had OI increase of 8L but on the contrary 10300 PE had OI increase of only 1.5L Instead, the writing on PE side was seen at 10,100 levels by 10L. And, there's unwinding on PE side on strikes above 10300. ATM strike premium net is 222. So 10090 to 10534 On Nifty Bank - 21500 is the immediate resistance. 21000 is immediate support. FnO Data The biggest number is call longs by Clients. Second is call short by Pros with other positions as bullish. Signifying flat to positive opening. Charts & technicals On the daily timeframe, Nifty made a second consecutive doji candle. But with lowe lows and lower highs. 10410 and 10193 are the levels to keep in mind for further moves. Similarly, on Nifty Bank - 20935 and 21777. Plan for toda...