Nifty inched down by -1.20 points or -0.01% at 10085.40 on Friday session. After NK another missile test news nifty open gap down at 10062.35 and remain volatile for the whole trading session. Nifty continues to trade in narrow range, made intraday low and high of 10043.65 and 10115.15 respectively and manage to close flat at 10085.40.
On charts, Nifty hovering near all-time high level. On WoW basis nifty added 150.60 points and stands at 10085.40. Currently Nifty is facing crucial resistance at previous all-time high level of 10137.85. On daily charts nifty price closed well above the SMA of 9 and 26 days and RSI stands at 62.18.
Nifty holds the early gains of the week and continue to trade sideways, Rather than pull back and despite NK missile test indicates strength of the bull to act further in the coming time. Nifty may find support at the level of 10020-9960 in the coming time.
Nifty has intraday resistance at 10118-10140-10165.
Nifty has intraday support at 10028-9995-9960.
Ø Nifty fut closed in red at 10095.60 with the loss of -21.40 pts.
Ø Nifty fut open interest is increased by 3.93 %.
Ø Nifty Sep. fut closed at a Premium of 10.20 pts against a Premium of 30.40 pts.
Ø Cost of Carry is at +2.84 % vs. +7.86%.
Ø PCR OI is 1.40 vs. 1.42
Ø India Volatility Index (VIX) is 11.68 vs. 11.47 increased by +1.81 %.
In Call Options: – We have seen highest increased of open interest at strike price of 10100 and 10200 level respectively. While witnessed shredding of highest open interest in strike price of 10000 and 9900 levels respectively.
In Put Options: – We have seen highest increased of open interest at strike price of 9900 and 9800 respectively. While witnessed shredding of highest open interest in strike price of 10100 levels.
Unimpressed with NK missile test US market set new benchmark for themselves. Important data from US and Japan are to be released in the coming week.
Unimpressed with NK missile test, Benchmark index nifty hold the Monday and Tuesday gains signs further strength in the bull to run in the coming time. Nifty hold important support at the level of 10020-9960 level and holding above this level is crucial for nifty to set new benchmark in the coming time.