DM'S STOCK BLOG

NS price action
1. Ns give new breakout but not with volumes

2. -Ve divergence in daily chart

3. New upmove only above 16001 closing basis for the tgt of 16207. Below 15806 will lead to 15697,15502,15308

4. On weekly basis closing above 15969 is must but failed above it tgt is 16538. Below 15432 v will see 15132,14594, 14057


Bns Price action

1. V have 2T in Bns daily chart 35985 and Ystday 35971.95 also a bata high

2. -Ve divergence in Bns daily chart

3. New upmove only above 36165 for the tgt 36926. Below 35445 v will see 35043,34324,33605

4. On Wkly basis closing above 35882 is must but failed close at 35751 if wkly close above 35882 then tgts will be 40914

Option Chain
1. Data was -ve in both Ns & Bns means more call writers cumulative in both (Chg in Oi & Net Oi)

2. Highest Oi 16k calls and 15900 puts act as support and resistance (Vol wise also)

3. In Bn 36k call has highest OI and in put 35500

Note:- Dangerous zone
Vix at lower lows
Mkt at higher high
Fii selling
Retailers holding mkt
Monsoon delayed
🤔
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I shared my personal views Rest Price is God.

Plz do ur due diligence for analysis



HRZ = High Resistance Zone
SSZ = Strong support Zone
NS = Nifty spot
Bns = Bank Nifty Spot
NF= Nifty Future
Bnf = Bank nifty future

Once again