July 1/25
Global Global markets closed positive yesterday. Asian markets are in green. Dow, Europe Futures are flat to negative. SGX is in green by 40 odd points. Option chain 10300 is the closest strike. It's also the max pain. The total premium collected on writing both sides is 124 + 187 = 311. Thus giving a range of 10289 +- 311 i.e. 9978 to 10600 Similarly for Nifty Bank. 21500 +- 1159 = 20341 to 22659 For the monthly expiry, the range looks to be +-692 points for Nifty. i.e. 9597 to 10981 FnO Data Both FIIs, DIIs sold in cash yesterday Starting Net OI positions indicate FIIs, DIIs, Pros - bearish on Index Futures Charts & technicals 20 DMA at 10057. Also the level of 12 Mar high which was previously the gap on the upside. On the upside 200 EMA is the closest at 10506. The high around i.e. 10553 becomes the level to breach for a bigger run. 10909 is 200DMA. Nifty Bank 20 DMA ar 20800. Could act as support. Nifty Bank will decide the next move of Nifty sooner.