Lets do today EOD data analysis.
We will do in it a 4 step process.
We will see BNF OI total and OI change during the day for both Weekly and monthly strike.
Lets start :
We will do in it a 4 step process.
We will see BNF OI total and OI change during the day for both Weekly and monthly strike.
Lets start :
BNF Weekly : Total OI as per EOD
BNF Weekly : OI Change during the day
BNF Monthly : Total OI as per EOD
BNF Monthly : OI Change during the day
Nifty Weekly : Total OI as per EOD
Nifty Weekly : OI change for the day
Nifty Monthly : OI at EOD
Nifty Monthly : OI change during the day
Now lets analyse it. We will concentrate on Monthly as the weekly will expire tomorrow. On monthly, we can see that 18000 is the biggest immediate support while 18500 is the immediate hurdle on upside.
For BNF the support is at 39000 below which 38500 opens up immediately.
For BNF the support is at 39000 below which 38500 opens up immediately.
On upside 40000 is very strong resistance.
This is our plain vanilla analysis as per EOD data on NF/BNF.
Now , how to trade this ??
We will see tomorrow morning what the SGX is doing and how DOW closed overnight. Based on that we will identify Option strikes to trade and mark
This is our plain vanilla analysis as per EOD data on NF/BNF.
Now , how to trade this ??
We will see tomorrow morning what the SGX is doing and how DOW closed overnight. Based on that we will identify Option strikes to trade and mark
important levels on chart to trade both on buy and sell side.
That's it!!
That's it!!
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