Data Trends

NIFTY – For 8th 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

17436F – PBH from 8/9

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 7th September 2021

Day started on a weak note and tested above VAH of 6/9 and made a move towards vwap of 3/9.

Put writers have again taken control near the previous support of 17329-347F and will be key to watch in the short term.

Staying above 17347F is key for bulls and they can target 17440F.

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