Data Trends

Nifty – For 27th August 2021

Important references from Marketprofile to track.

16722F – Single print selling area from 25/8

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

16680-690F CE selling from 26/8

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 26th August 2021

Open of today was within the previous day’s range and the day started with both sided writing and the rest of the day action was rangebound.

In the coming week expiry we did see call writing coming in when NF was trading at higher levels of 16680F-16690F.

Levels to watch are the supply zone of 16680-16690F

A test of 16530 might be likely if data supports from tomorrow.

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