Turning Complex Derivative Data into Clear Market Insights
NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 2/07/2026
Table of Contents
Open Interest Volume Analysis for 2 July 2026 indicates that the broader market sentiment has improved after a strong round of short covering in index futures, but traders should avoid assuming that a fresh bullish trend has already been confirmed.
NIFTY witnessed aggressive short covering with a 3.05% decline in combined futures open interest while volumes rose 19%, showing that bears were forced to exit positions rather than fresh buyers driving the rally.
At the same time, August NIFTY Futures attracted fresh long positions, suggesting that institutional traders are gradually shifting bullish exposure to the next series instead of chasing the July contract.
Weekly option data has turned noticeably stronger as the Put-Call Ratio (OI) jumped to 1.335, while heavy put writing at 24100 and maximum put open interest at 24000 indicate that buyers are attempting to build a higher support zone.
Monthly option positioning also remains constructive with PCR improving to 1.119, although aggressive call writing at 25000 clearly signals that traders still expect significant resistance at higher levels.
BANKNIFTY presents a different picture. While July futures showed short covering due to expiry rollover, the massive build-up of fresh shorts in August Futures suggests institutions remain cautious about banking stocks despite Thursday’s recovery.
MIDCPNIFTY continues to display the strongest derivatives structure among major indices, with both July and August futures witnessing fresh long build-up alongside sharp increases in open interest and volume, reflecting sustained buying interest.
SENSEX derivatives also supported the positive undertone as falling open interest with rising volume indicates meaningful short covering, although the decline in futures premium suggests traders are still avoiding excessive optimism.
Overall, today’s Open Interest Volume Analysis reflects improving market sentiment driven primarily by unwinding of bearish positions, while fresh long addition is gradually shifting into the August series. The next few sessions will determine whether this transition develops into a sustainable bullish trend or remains a temporary relief rally.
NSE & BSE F&O Market Signals
NIFTY Future analysis
NIFTY Spot closed at: 24175.7 (0.708%)
Combined = July + August + September
Combined Fut Open Interest Change: -3.05%
Combined Fut Volume Change: 19.00%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 9% Previous 8%
NIFTY JULY Future closed at: 24265 (0.716%)
July Fut Premium 89.3 (Increased by 2.55 points)
July Fut Open Interest Change: -3.74%
July Fut Volume Change: 17.85%
July Fut Open Interest Analysis: Short Covering
NIFTY AUGUST Future closed at: 24354 (0.656%)
Aug Fut Premium 178.3 (Decreased by -11.15 points)
Aug Fut Open Interest Change: 3.01%
Aug Fut Volume Change: 38.37%
Aug Fut Open Interest Analysis: Fresh Long
NIFTY Weekly Expiry (07/07/2026) Option Analysis
Put-Call Ratio (Open Interest): 1.335 (Increased from 1.105)
Put-Call Ratio (Volume): 0.906
Max Pain Level: 24100
Maximum CALL Open Interest: 25000
Maximum PUT Open Interest: 24000
Highest CALL Addition: 24400
Highest PUT Addition: 24100
NIFTY Monthly Expiry (28/07/2026) Option Analysis
Put-Call Ratio (Open Interest): 1.119 (Increased from 1.103)
Put-Call Ratio (Volume): 1.088
Max Pain Level: 24200
Maximum CALL Open Interest: 25000
Maximum PUT Open Interest: 24000
Highest CALL Addition: 25000
Highest PUT Addition: 22500
BANKNIFTY Future Analysis
BANKNIFTY Spot closed at: 58031.65 (-0.002%)
Combined = July + August + September
Combined Fut Open Interest Change: -0.06%
Combined Fut Volume Change: -14.97%
Combined Fut Open Interest Analysis: Long Covering
Rollover: 92% Previous 7%
BANKNIFTY JULY Future closed at: 58649.6 (0.583%)
July Fut Premium 617.95 (Increased by 341.2 points)
July Fut Open Interest Change: -91.8%
July Fut Volume Change: -92.1%
July Fut Open Interest Analysis: Short Covering
BANKNIFTY AUGUST Future closed at: 58350.6 (-0.437%)
Aug Fut Premium 318.95 (Decreased by -254.8 points)
Aug Fut Open Interest Change: 1182.18%
Aug Fut Volume Change: 1417.88%
Aug Fut Open Interest Analysis: Fresh Short
BANKNIFTY Monthly Expiry (28/07/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.871 (Decreased from 0.911)
Put-Call Ratio (Volume): 0.956
Max Pain Level: 58100
Maximum CALL Open Interest: 60000
Maximum PUT Open Interest: 58000
Highest CALL Addition: 58100
Highest PUT Addition: 58400
MIDCPNIFTY Future Analysis
MIDCPNIFTY Spot closed at: 14573.3 (0.256%)
Combined = July + August + September
Combined Fut Open Interest Change: 17.54%
Combined Fut Volume Change: 155.26%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 2% Previous 3%
MIDCPNIFTY JULY Future closed at: 14651 (0.313%)
July Fut Premium 77.7 (Increased by 8.5 points)
July Fut Open Interest Change: 17.79%
July Fut Volume Change: 160.89%
July Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY AUGUST Future closed at: 14689.9 (0.329%)
Aug Fut Premium 116.6 (Increased by 10.9 points)
Aug Fut Open Interest Change: 8.16%
Aug Fut Volume Change: 16.00%
Aug Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY Monthly Expiry (28/07/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.868 (Decreased from 0.921)
Put-Call Ratio (Volume): 1.005
Max Pain Level: 14500
Maximum CALL Open Interest: 14500
Maximum PUT Open Interest: 13500
Highest CALL Addition: 15600
Highest PUT Addition: 14600
SENSEX Monthly Expiry (30/07/2026) Future
SENSEX Spot closed at: 77,502.12 (0.753%)
SENSEX Monthly Future closed at: 77,906.20 (0.654%)
Premium: 404.08 (Decreased by -73.33 points)
Open Interest Change: -8.61%
Volume Change: 33.26%
Open Interest Analysis: Short Covering
SENSEX Weekly Expiry (9/07/2026) Option Analysis
Put-Call Ratio (OI): 1.149 (Increased from 1.001)
Put-Call Ratio (Volume): 0.945
Max Pain Level: 77500
Maximum CALL OI: 77500
Maximum PUT OI: 77000
Highest CALL Addition: 77500
Highest PUT Addition: 77500
FII & DII Cash Market Activity
FIIs Net SELL: ₹ 311.82 Cr.
DIIs Net BUY: ₹ 1,784.40 Cr.
FII Derivatives Activity
| FII Trading Stats | 2.07.26 | 1.07.26 | 30.06.26 |
| FII Cash (Provisional Data) | -311.82 | -1,140.50 | -2,556.75 |
| Index Future Open Interest Long Ratio | 9.32% | 9.99% | 10.36% |
| Index Future Volume Long Ratio | 56.31% | 41.02% | 35.57% |
| Call Option Open Interest Long Ratio | 39.81% | 38.67% | 36.96% |
| Call Option Volume Long Ratio | 50.31% | 49.75% | 49.90% |
| Put Option Open Interest Long Ratio | 67.32% | 70.12% | 77.49% |
| Put Option Volume Long Ratio | 49.20% | 49.60% | 49.96% |
| Stock Future Open Interest Long Ratio | 53.78% | 53.53% | 53.66% |
| Stock Future Volume Long Ratio | 53.23% | 48.73% | 48.79% |
| Index Futures | Short Covering | Fresh Short | Long Covering |
| Index Options | Fresh Short | Fresh Short | Long Covering |
| Nifty Futures | Short Covering | Fresh Short | Long Covering |
| Nifty Options | Fresh Short | Fresh Short | Short Covering |
| BankNifty Futures | Long Covering | Long Covering | Long Covering |
| BankNifty Options | Fresh Short | Fresh Long | Long Covering |
| FinNifty Futures | Fresh Long | Fresh Long | Long Covering |
| FinNifty Options | Fresh Short | Fresh Long | Long Covering |
| MidcpNifty Futures | Fresh Short | Fresh Long | Long Covering |
| MidcpNifty Options | Fresh Short | Fresh Long | Long Covering |
| NiftyNxt50 Futures | Fresh Short | Fresh Short | Long Covering |
| NiftyNxt50 Options | Fresh Long | Fresh Long | Long Covering |
| Stock Futures | Fresh Long | Fresh Short | Long Covering |
| Stock Options | Fresh Long | Fresh Short | Long Covering |
NSE & BSE Option market Trends : Options Insights
SENSEX weekly Expiry (9/07/2026)
The SENSEX index closed at 77502.12. The SENSEX weekly expiry for JULY 9, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.149 against previous 1.001. The 77000PE option holds the maximum open interest, followed by the 77500PE and 77500CE options. Market participants have shown increased interest with significant open interest additions in the 77500PE option, with open interest additions also seen in the 77000PE and 77500CE options. On the other hand, open interest reductions were prominent in the 76800CE, 77100CE, and 76900CE options. Trading volume was highest in the 77000PE option, followed by the 77500CE and 79000CE options, indicating active trading in these strikes.
| SENSEX | Weekly | Expiry: | 09-07-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 77502.12 | 1.149 | 1.001 | 0.945 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 43,64,900 | 13,81,300 | 29,83,600 |
| PUT: | 50,15,420 | 13,82,420 | 36,33,000 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 77500 | 4,53,040 | 3,36,400 | 22,75,840 |
| 80000 | 3,58,300 | 2,25,160 | 13,58,660 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 77500 | 4,53,040 | 3,36,400 | 22,75,840 |
| 80000 | 3,58,300 | 2,25,160 | 13,58,660 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 76800 | 10,660 | -5,780 | 58,140 |
| 77100 | 17,080 | -4,800 | 2,70,460 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 77500 | 4,53,040 | 3,36,400 | 22,75,840 |
| 79000 | 2,79,920 | 1,13,440 | 20,14,820 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 77000 | 5,41,300 | 4,12,580 | 23,71,300 |
| 77500 | 4,73,400 | 4,50,360 | 18,50,180 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 77500 | 4,73,400 | 4,50,360 | 18,50,180 |
| 77000 | 5,41,300 | 4,12,580 | 23,71,300 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 71600 | 120 | – | 60 |
| 71600 | 120 | – | 60 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 77000 | 5,41,300 | 4,12,580 | 23,71,300 |
| 77500 | 4,73,400 | 4,50,360 | 18,50,180 |
NIFTY Weekly Expiry (7/07/2026)
The NIFTY index closed at 24175.7. The NIFTY weekly expiry for JULY 7, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.335 against previous 1.105. The 24000PE option holds the maximum open interest, followed by the 24100PE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 24100PE option, with open interest additions also seen in the 24150PE and 24200PE options. On the other hand, open interest reductions were prominent in the 24000CE, 24050CE, and 23950CE options. Trading volume was highest in the 24100CE option, followed by the 24100PE and 24200CE options, indicating active trading in these strikes.
| NIFTY | Weekly | Expiry: | 07-07-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 24,175.70 | 1.335 | 1.105 | 0.906 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 11,77,92,220 | 11,40,40,420 | 37,51,800 |
| PUT: | 15,72,48,910 | 12,60,71,270 | 3,11,77,640 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 25,000 | 91,53,300 | 17,86,330 | 7,80,967 |
| 24,500 | 85,91,115 | 17,63,320 | 14,66,801 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 24,400 | 64,32,075 | 24,04,025 | 11,65,858 |
| 24,600 | 70,57,635 | 22,54,980 | 7,45,954 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 55,46,385 | -57,35,145 | 12,78,752 |
| 24,050 | 23,68,925 | -19,50,585 | 9,38,174 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 24,100 | 45,03,460 | -6,55,070 | 30,72,338 |
| 24,200 | 75,66,455 | 11,41,205 | 26,17,716 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 1,23,87,115 | 6,21,010 | 20,93,503 |
| 24,100 | 94,13,235 | 71,48,180 | 28,69,449 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 24,100 | 94,13,235 | 71,48,180 | 28,69,449 |
| 24,150 | 40,36,630 | 35,82,540 | 15,21,144 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 23,300 | 50,80,140 | -6,99,075 | 4,71,292 |
| 23,350 | 13,64,285 | -4,73,655 | 1,69,837 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 24,100 | 94,13,235 | 71,48,180 | 28,69,449 |
| 24,000 | 1,23,87,115 | 6,21,010 | 20,93,503 |
NIFTY Monthly Expiry (28/07/2026)
The NIFTY index closed at 24175.7. The NIFTY monthly expiry for JULY 28, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.119 against previous 1.103. The 25000CE option holds the maximum open interest, followed by the 24000PE and 24000CE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 24700CE and 22500PE options. On the other hand, open interest reductions were prominent in the 24000CE, 24000PE, and 24500CE options. Trading volume was highest in the 24000PE option, followed by the 24000CE and 25000CE options, indicating active trading in these strikes.
| NIFTY | Monthly | Expiry: | 28-07-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 24,175.70 | 1.119 | 1.103 | 1.088 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 4,25,59,075 | 4,35,63,455 | -10,04,380 |
| PUT: | 4,76,43,245 | 4,80,56,645 | -4,13,400 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 25,000 | 70,59,975 | 3,05,370 | 72,219 |
| 24,000 | 63,87,745 | -11,39,255 | 75,873 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 25,000 | 70,59,975 | 3,05,370 | 72,219 |
| 24,700 | 12,68,735 | 2,83,465 | 25,945 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 63,87,745 | -11,39,255 | 75,873 |
| 24,500 | 38,66,720 | -4,67,740 | 63,037 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 63,87,745 | -11,39,255 | 75,873 |
| 25,000 | 70,59,975 | 3,05,370 | 72,219 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 64,59,505 | -5,37,875 | 98,503 |
| 23,000 | 40,98,185 | -2,50,315 | 42,904 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 22,500 | 21,17,960 | 2,77,290 | 23,864 |
| 23,700 | 10,33,435 | 1,20,575 | 16,027 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 64,59,505 | -5,37,875 | 98,503 |
| 23,000 | 40,98,185 | -2,50,315 | 42,904 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 64,59,505 | -5,37,875 | 98,503 |
| 23,500 | 37,44,130 | -98,995 | 46,920 |
BANKNIFTY Monthly Expiry (28/07/2026)
The BANKNIFTY index closed at 58031.65. The BANKNIFTY monthly expiry for JULY 28, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.871 against previous 0.911. The 60000CE option holds the maximum open interest, followed by the 58000CE and 58000PE options. Market participants have shown increased interest with significant open interest additions in the 58100CE option, with open interest additions also seen in the 58500CE and 59000CE options. On the other hand, open interest reductions were prominent in the 54000PE, 57800CE, and 53000PE options. Trading volume was highest in the 58000PE option, followed by the 58000CE and 59000CE options, indicating active trading in these strikes.
| BANKNIFTY | Monthly | Expiry: | 28-07-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 58,031.65 | 0.871 | 0.911 | 0.956 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,11,63,060 | 1,03,39,620 | 8,23,440 |
| PUT: | 97,20,690 | 94,14,540 | 3,06,150 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 22,20,150 | 42,210 | 49,731 |
| 58,000 | 12,64,290 | 27,570 | 99,256 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 58,100 | 1,49,310 | 90,450 | 43,345 |
| 58,500 | 5,73,660 | 75,210 | 59,646 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 57,800 | 58,890 | -27,510 | 8,442 |
| 64,000 | 98,580 | -12,480 | 11,356 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 58,000 | 12,64,290 | 27,570 | 99,256 |
| 59,000 | 10,28,640 | 70,200 | 62,715 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 58,000 | 11,96,460 | 35,850 | 1,10,727 |
| 60,000 | 11,78,610 | 4,710 | 3,774 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 58,400 | 93,390 | 38,040 | 17,529 |
| 58,000 | 11,96,460 | 35,850 | 1,10,727 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 54,000 | 3,81,360 | -28,260 | 25,094 |
| 53,000 | 4,56,210 | -20,910 | 16,396 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 58,000 | 11,96,460 | 35,850 | 1,10,727 |
| 56,000 | 4,07,850 | 12,660 | 46,962 |
MIDCPNIFTY Monthly Expiry (28/07/2026)
The MIDCPNIFTY index closed at 14573.3. The MIDCPNIFTY monthly expiry for JULY 28, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.868 against previous 0.921. The 14500CE option holds the maximum open interest, followed by the 13500PE and 15000CE options. Market participants have shown increased interest with significant open interest additions in the 15600CE option, with open interest additions also seen in the 14600CE and 16000CE options. On the other hand, open interest reductions were prominent in the 73200CE, 73200CE, and 73200CE options. Trading volume was highest in the 14600CE option, followed by the 14600PE and 14500PE options, indicating active trading in these strikes.
| MIDCPNIFTY | Monthly | Expiry: | 28-07-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 14,573.30 | 0.868 | 0.921 | 1.005 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 37,19,880 | 30,80,760 | 6,39,120 |
| PUT: | 32,27,640 | 28,37,520 | 3,90,120 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 14,500 | 6,36,120 | -7,800 | 5,580 |
| 15,000 | 6,02,040 | 57,480 | 5,140 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 15,600 | 2,88,720 | 1,40,760 | 2,219 |
| 14,600 | 2,71,920 | 1,26,360 | 7,650 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 14,450 | 24,360 | -16,560 | 305 |
| 15,700 | 63,480 | -9,120 | 478 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,600 | 2,71,920 | 1,26,360 | 7,650 |
| 14,500 | 6,36,120 | -7,800 | 5,580 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 13,500 | 6,02,760 | 36,480 | 5,371 |
| 14,500 | 6,01,440 | 6,480 | 6,710 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 14,600 | 2,11,440 | 1,08,600 | 7,163 |
| 13,800 | 1,02,120 | 57,600 | 2,442 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 13,000 | 1,35,480 | -27,120 | 987 |
| 13,700 | 78,480 | -9,120 | 1,143 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,600 | 2,11,440 | 1,08,600 | 7,163 |
| 14,500 | 6,01,440 | 6,480 | 6,710 |
Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us
Today’s Open Interest Volume Analysis favours the bulls, but the strength is currently supported more by short covering than aggressive fresh buying, making follow-through buying over the next few sessions extremely important.
For NIFTY, the derivatives structure has clearly improved. Strong put writing around 24100-24000, rising weekly and monthly PCR, and fresh long addition in August Futures suggest dips are likely to attract buyers as long as the index holds above the 24100-24000 support zone.
The immediate hurdle remains around 24400-24500, where aggressive call writing is visible. A decisive move above this zone could trigger another round of short covering and open the path towards the 25000 strike over the coming weeks.
BANKNIFTY deserves close attention because fresh short positions in the August contract indicate that institutions are still reluctant to turn fully bullish on the banking space. Unless these shorts start unwinding, BANKNIFTY may continue to underperform NIFTY.
MIDCPNIFTY remains the strongest index from a derivatives perspective. Consistent fresh long build-up across both futures contracts indicates traders continue to prefer the broader midcap segment, making it relatively stronger than BANKNIFTY at present.
SENSEX also reflects improving sentiment, but like NIFTY, confirmation will require fresh long addition instead of only short covering.
Traders should closely monitor whether Open Interest Volume Analysis continues to show Fresh Long formation in NIFTY and BANKNIFTY during the next few sessions. That would confirm institutional participation and significantly improve the probability of a sustained uptrend.
Until then, the overall derivatives data favours maintaining a buy-on-dips approach instead of chasing sharp rallies, while keeping a close watch on 24100-24000 support and 24400-24500 resistance, as these levels are likely to dictate the market’s next directional move.
Check Previous Day’s NSE & BSE Indices F&O Analysis
FII / FPI trading activity in Capital Market Segment
NSE Derivatives Raw Data
BSE Derivatives Raw Data
Disclaimer
fnodata.com is a financial blog providing research-based data and analysis. The content creator of the fnodata.com is not a SEBI registered Investment Advisor. The content on this blog is for informational purposes only and should not be considered as investment advice. You are responsible for your own investment decisions. You should consult with a financial advisor or conduct your own research before making any investment decisions.
