Data Trends

NIFTY – For 26th August 2021

Important references from Marketprofile to track.

16176-16182F – Support

16040F – Support

16410F – Singles area buying support from 13/8

16482F – PBL from 17/8 where shakeout happened.

16615F – VWAP of 18/8

16686F – Failed auction from 18/8 and Selling singles from 25/8

16386F – Pull Back Low support from 20/8

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

16654-668F PE buying from 18/8 and 25/8

16285-320F – PE writers from 12/8

16540-545F – PE writers fort to be held by bulls.

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 25th August 2021

Open of today was positive as continuation of move from PE writers and we tested the failed auction of 18-08 on T+4 day today. Later NF has been stuck in range with lot of action on the Puts seen both unwinding and fresh addition.

Yesterday’s very strong PE writing might have made their exits today near the supply zone as we failed to hold the lows set from today’s fresh PE writing in the market closing.

We have an immediate resistance at 16654-668F so tomorrow’s trading could be weak and also PE writers might see a gap down move also as a trend continuation move.

Levels to watch are the previous supply zone of 16654-16668F

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