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Showing posts from July, 2021

Open Interest Analysis for 5th Aug 2021

  As per Option Chain it looks like People created Straddle at 15800 Max call Oi is at 16000 which will act as a resistance Max put oi is at 15500 which may act as a support As per chart you can see 15500 and 16000 acting as a support and resistance Nifty may likely to trade between 15400 to 16200 in next week

Option Chain Analysis

Weekly Option Chain End Of Day Data for 23 July 2021 Nifty spot at - 15856 Short Covering from 15500 to 15750, due to which market moved higher People are shorting calls above 16000 Nearest Support at 15800 and Resistance at 15900 and 16000 Nifty likely to trade between 15500 to 16100 in next week i.e 29 July 2021  

Nifty prediction For 23 July 2021

       Nifty currently trading at 15824 Nifty may trade between 15700 to 15900 as on 23 july 2021 People created 15800 short straddle as per Option Chain data as you can see from the chart there is a strong resistance at 15900 and support at 15700 As per global data US Futures are slightly higher SGX Nifty is also positive

My Top Five Indian Companies to Invest

1. TCS 2. RELIANCE 3. ICICIBANK 4. HINDUSTAN UNILEVER 5. SUNPHARMA As you can see i have chosen top companies from Nifty 50, and best from their sectors it contains a Bank stock, IT Stock, FMCG Stock, and a Pharma Stock Start your sip and invest in them forever As well as invest in NIFTYBEES which is an ETF, Basically it is an Index Fund which contains all 50 stocks of nifty.