Nifty trade setup for July 8: On July 7, Nan-Directoral Trading was seen with low volumes. The Nifty 50 flat closed. The market remained eyeing the tariff-related updates from the Indo-US Tradedil and Trump administration. The Nifty remained in a limited file of about 80 points and remained quite above the immediate support zone of 25,300-25,350. Due to this, the Higher High-Hire Low Formation continued. Market experts say that if the Nifty decisively breaks below 25,300, it may fall by 25,200-25,100. However, the trick above 25500 can lead the Nifty to the level of 25,650-25,700.
Here you are giving some such figures on the basis of which you will be able to catch profitable deals.
Support and resistance level for nifty
Support based on Pivot Point: 25,421, 25,402 and 25,370
Resistance based on Pivot Point: 25,484, 25,504 and 25,535
Bank nifty
Resistance based on pivot points: 57,100, 57,174 and 57,294
Support based on pivot points: 56,860, 56,786 and 56,666
Resistance based on Fibonacci Retress: 57,566, 58,224
Fibonacci Retress based support: 56,389, 59,096
Nifty call option data
A maximum call of 1.04 crore contract has been seen open interest on a strike of 26,000 on the monthly basis, which will work as an important registration level in the coming business sessions.
Nifty put option data
A maximum of 70.17 lakh contracts have been seen open interest on a strike of 25,000, which will work as important support level in the coming business sessions.
Bank Nifty Call Option Data
Bank Nifty has seen a maximum call open interest of 14 lakh contracts on a strike of 56,000, which will work as an important registration level in the coming business sessions.
Bank Nifty put option data
On a strike of 56,000, a maximum of 21.12 lakh contracts have been seen open interest, which will work as important registration levels in the coming business sessions.
FII and DII Fund Flow
India VIX, which measured the market’s volatility, broke the four -day decline in the lower level despite reaching 12.56 on Monday, declining by 1.99 per cent to 12.56, which is a good sign for the stunning.
Call call ratio
The Nifty Put-Call Ratio, which depicted the market mood, rose to 0.95 on July 7, while it was at 0.93 levels in the previous session. Significantly, the departure of PCR above 0.7 or 1 cross PCR is generally considered a sign of boom. Whereas the ratio falling below 0.7 or 0.5 is a sign of recession.
Indo-Rus Trade Deal: Donald Trump said, America is close to finalizing trade agreement with India
Stock under F&O Bain
The F&O segment includes the restricted securities that include the derivative contract market wide position limit to more than 95 per cent.
Stocks involved in F&O ban: nobody
Stocks already involved in F&O ban: RBL Bank
Stocks removed from F&O ban: nobody
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