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Data Trends

NIFTY – For 1st September 2021

Important references from Marketprofile to track.

16842F – Single print buying area from 30/8

16926F – Single print buying area from 31/8

17033F – vwap of trend day from 31/8

Note: When market tests these levels and show the expected behaviour i.e. holding a support or not crossing a resistance that combined with a datapoint becomes a valid trigger for a trade.

Important references from Open Interest data to track

17085F – PE sellers from 31/8

17011F – PE selling from 31/8

Note : These references are from the open interest data and data across the strikes from current weekly expiry is considered for these references.

Call and Put Activity of 31st August 2021

Open of today was within the previous day’s range and NF tested Vwap from 30/08 from where the single print buying emerged which led to a rally higher into the close.

Good PE writing has come in today consecutively for the second day creating supports at higher levels on NF as mentioned above.

Any dips might get bought into and further trend depends upon upcoming data.

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