July 11/25
Global Dow ended red -360 points Markets world over are flat. SGX is in red with -40 odd points. Option chain Max pain at 10800. Total premium is 256.55. So, the range becomes 10556.9 to 11070, calculated on current closing of 10813.45 PCR is 1.17 - indicating good support made on lower strikes. Max pain for Nifty Bank is 22800. Total premium 893.15. So the range is 21906.85 to 23693.15, calculated based on 22800 strike. Nifty Bank closing is at 22907. So, we can also assume a shift of 107 points up in the range. FnO Data No new options' positions. FIIs have gone all-in for the futures long and the number is quite decent with 15k. Charts & technicals On the daily timeframe, yesterday was an inside bar candle formation. i.e. we played the whole day within the previous day's range. The inside bar can be followed up by a big move. So, need to watch out for that. Nifty 200 DMA at 10885. Plan for today I've decided to not trade today. So, let's see if I'm able to do ...