Only Nifty(F & O) and Only Intraday Trading

Open interest up by 10 L in both 8100 CE and 8200 CE and both have good volume 137 L and 126 L.....

Nifty fail to cross 8050-60 finally , and in last half hour again shorting get few points (after break 8050), as today opening also generate good (ya few ) points....in between only small range and volatility.

During last few days of up move there was heavy put writing of 8000 PE.
The zone 7965-8010 (Nifty Spot) can act as strong support zone.
Also H1 and H4 chart patterns support that fact. A bounce back up move possible when nifty react with that zone.
Bears will be strong only if nifty moves below that support zone. Lets See.

Happy Trading.
H.C.

Thanks H C,

I agree with you, as we only intraday trader, we may have good trading opportunity long side (Tomorrow) if Nifty spot will stay above 8050 and break 8060-65.

If Nifty will stay below 8050-40 than will take short and it may go till 7980-8000.

Enjoy Day Trading.

NIFTY spot below 8040-50 and looks like 8050-60 acting resistance......

In first 20 minits, 8100 CE added 8 Lac in open interest and volume is more than 30 Lac

NIFTY future trading in tight range...may be small profit margin in day trading.

Open interest and volume increasing in 8100 CE and 8000 CE 13 L and 5 L....

Now trade in good profit at last...start was slow but now momentum geting up...

NIFTY spot touch 7950 , the August Month expiry leve (7954)

Nifty at 7950 , 8000 CE added 22 L in open interest