Viswanathan Sundaresan, Author at Caustic News

Accumulation Spree of Index Puts by FIIs

FIIs have been steadily accumulating Index puts in this month

I expect Nifty to be bullish with a brief period of consolidation between 10.30 AM and 12 PM.

Nifty Futures has made a double top at 8605. Till we conquer 8605 with huge volumes, the sentiment is bearish.

19th July being a Tuesday, I expect volatility with a bearish bias on Nifty

Moon is transiting Mula (Moola) star till 14.51 hours and later Purva Ashaada star

In FNO segment, FIIs bought 11,406 contracts of Index Futures and sold 6,918 contracts of Index calls. They also sold 1,788 contracts of Index puts

Nifty Put Call Ratio (PCR) data shows 8500 as support instead of 8400 and 8600 as resistance.

Market is bullish but not yet exuberant. All dips can be bought.

Bulls gasped for air and we had a volatile day. Nifty traded in a small range.

The day Lord and star Lord are the same for tomorrow. Generally it is bullish