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Bullish trend in Nifty!. Analysis :
Overview :
Overview
- Nifty 50 value on May 11: 18315
- PCR: 0.92
- Option open interest for May 11 & 18 expiries:
- Total Calls: 9.31Cr. Call change: -3.51L
- Total Puts: 8.08Cr. Put change: 1.21Cr.
Strike 18300
- PUT OI: 99.98L, +48.03 OI change
- Call OI: 90.13L, -17.15 OI change
Strike 18450
- PUT OI: 2.67L, 97k OI change
- Call OI: 76.24L, 12.98 OI change
Option Chain
- Call Side In the Money Strike OI: Decreasing heavily and becoming negative
- Call Side Out of the Money Strike OI: Increasing slowly in avg. of +15%
- Put Side In the Money Strike OI: Becoming positive in avg. of 85%
- Put Side Out of the Money Strike OI: Increasing very fast in avg. of 40%
- Deep Out of the Money Strike OI: Loosing OI in put side
Max Pain
- 18250
Oscillators
- 2 signals are bullish
- 8 are neutral
Moving Average
- 14 signals are bullish
- 2 are neutral
Resistance :
- 18345
- 18403
Support :
- 18180
- 18311
Prediction
Based on the above data, it appears that the Nifty 50 could potentially increase in the near future. However, there are still a few variables that could influence the trend of the index, so it is important to continue monitoring the data in order to make an informed prediction.
Research & Analysis
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Introduction
The purpose of this report is to analyze the current state of the Nifty 50 market and make predictions regarding its potential direction. The report will analyze various data points, including the Nifty 50 value, PCR ratio, option open interest, max pain, oscillators, and moving average.
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Nifty 50 Value and PCR
The Nifty 50 value on May 11 was 18315, which indicates that the market was in a bullish trend. The PCR ratio of 0.92 is slightly below 1, indicating that the market is slightly bearish. However, it is important to note that PCR is a lagging indicator and should be used in conjunction with other indicators to make predictions.
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Option Open Interest
The data regarding the option open interest for May 11 and 18 expiries shows that there is a higher open interest for calls than puts, indicating a bullish trend. The specific strike prices of 18300 and 18450 also show interesting trends. The put OI for 18300 is increasing, while the call OI is decreasing. The put OI for 18450 is increasing rapidly, while the call OI is increasing slowly. Overall, the option chain shows that there is a bullish trend in the market.
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Max Pain
Max Pain is the price at which the maximum number of options will expire worthless. The current value of Max Pain is 18250, indicating that this price is likely to attract the most options. This indicates that the market may move toward this price in the near future.
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Oscillators and Moving Average
The signals from the oscillators and moving averages show that the market is in a bullish trend. 2 out of 10 oscillators are bullish, while 14 out of 16 moving averages are bullish. This indicates that the market is likely to continue its bullish trend in the near future.
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Conclusion
Based on the analysis of the various data points, it can be predicted that the Nifty 50 market is likely to continue its bullish trend in the near future. The option open interest, Max Pain, oscillators, and moving average all indicate a bullish trend. However, it is important to keep monitoring the market to make informed predictions.