NIFTY & BANKNIFTY ANALYSIS

     

Report Day: 18-Sep-24

Trading Day: 19-Sep-24


CASH MARKER:

FII-Net BUY = 1153.69 Cr.

DII-Net BUY= 152.31 Cr.

INDEX FO DATA

                                FII Effective LONG =  37.73 %

                                PRO Effective LONG = (-23.32%)

                                Client Effective LONG= (-24.25%)

Interpretation of Data:

In cash Market FII & DII both bought in regular quantity, this is showing the strength in the market, bullish move may still continue.

FII has strong effective long position, which refer, they will support to the market for upside move, and Client has increased short position, it refer counter part to FII.

PRO has again increased their short position, they may create hurdle to bullish moves.  


Technical Analysis NIFTY

Nifty Closes in RED with an OUTSIDE BAR, represent indecision due to the FED Policy announcement. I personally make a hold i.e. wait and watch stance for next trading session.

TREND = Up Trend

Strong Support    =    25175 to 25250 

Tomorrow will be no trading day for me. 

Tommor

Technical Analysis BANKNIFTY

Banknifty Closes with strong positive candle, it show strength of the market. 

Strong Support    =    52100 to 52200 

Tomorrow will be no trading day for me. 


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