Friends I welcome you to my system of observing the market ‘kak cheshta bako dhyanam’.
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Today market starts its journey from 17218 an abandon baby pattern it was noticed in Pre market that the buying orders are there in demand zone and once the market opened we have seen higher highs each hour this uplifted the sentiments and market finally after making a high of 17549 closed near 17500
5 DAY MOVING AVERAGE 17716 is below 20 period moving average 17854 is still above price but closing today is above VWAP of 17424 as per option chain the call writers made their highest position in 18000 CE with OI of 80,79,450 and PE writers on 17500 PE with 44,74,000 approx.
Today FII’s pull out 2109 cr from equity and 111 cr from debt while DII’s have bought for 1412 cr.
Disclaimer : please cross check the data. There may be some human error and we are not taking any responsibility for any mismatch. This summary cannot be considered as recommendation. Kindly consult with our investment adviser before taking any investment decision. Investing or trading is subject to market risk.