Data Trends

Nifty – For 6th 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

17154F – PBH from 2/9

17220F – PBL from 3/9

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

17143F – PE addition here in the closing hour.

17283F – PE addition support from 3/9

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 3rd September 2021

Day started with both sided open interest addition and nifty stayed rangebound in between 17320-17220F in the first half of the day, Later in the afternoon PE sellers showed some intent and ensured a strong close for Nifty. Also monthly 17800PE has seen some open interest addition.

ideally a strong opening drive should follow on to the upside if bulls want it to be a trending day again, If we don’t get to see that opening drive then we can do a test of 17166F and overall can be a rangebound between 17166-17340F.

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