Open 11447 High 11493 Low 11419 Close 11464
Nifty opened with a gap down of 2 points at 11447 levels and touched a low of 11425 on the first five minute candle.
Nifty traded in a 50 point range throughout the day 11425 on the downside 11475 on the upside.
Nifty closed the day at 11464 down 15 points or .13 percent.
Nifty may have made a short term top at 11800 which may not be broken for some weeks now. It looks like Nifty may consolidate between 11200 – 11800 levels. A big move will come only when this range is broken
Market Breadth Nifty
Advances 21 Declines 29 Unchanged 0
The highest gainer among Nifty 50 index was Wipro up 2.81 percent and biggest loser was Zeel down 2.22 percent.
FNO Data Analysis
Nifty Sep Futures are trading at a premium of 3 points.
For Sep 10 expiry
Highest open interest Call side is at 11500 ce around 23.50 lakh shares
Highest open interest Put side is at 10500 pe around 20.44 lakh shares
Huge amount of call writing at 11500 ce means 11500 will act as strong resistance level for Nifty