Open 11254 High 11299 Low 11084 Close 11102
Nifty opened with a gap up of 52 points at 11254 levels and touched a high of 11299 at around 10.50 am.
Nifty faced heavy selling pressure at 11300 levels and trended downwards for the rest of the day. Nifty fell 216 points from morning high levels to touch a day low level of 11084 just before the closing bell.
Nifty closed the day at 11202 down 98 points or 0.86 percent.
Nifty is looking to form a base around 11000 levels. If Nifty manages to hold 11000 levels Nifty can rally towards 11400-11500 levels in coming days. If Nifty breaks 11000 on the downside it can fall towards 10800 levels.
Market Breadth Nifty
Advances 13 Declines 37 Unchanged 0
The highest gainer among Nifty 50 index was Dr Reddy up 4.60 percent and biggest loser was BPCL down 7.93 percent.
FNO Data Analysis
Nifty July Futures are trading at a discount of 18 points.
For August 6 expiry
Highest open interest Call side is at 11300 ce around 16.60 lakh shares
Highest open interest Put side is at 11000 pe around 15.78 lakh shares
Huge amount of call writing at 11000 pe means 11000 will act as strong support level for Nifty