Post Market Analysis – July 16

Introduction

• Nifty Analysis
• Today – No significant upward or downward movement

Expiry Date

• Expiry on July 18

Pre-Opening Data (9:15 AM)

• Market opened 29 points up
• Based on Open Interest (OI):
  • Support: 24,500
  • Resistance: 25,000

Trade Plan

• Initial downside move possible
• Suggestion to put options on gap-up
• Indication of support (24,600) and resistance (25,000) forming on the first tick

9:30 AM Trading

• Support and resistance remain the same
• Market remained in range
• Bullish signals based on volume and OI changes
• Put and call levels: 650 strike price bearish, 600 support

Volume and OI Changes

• Volume and OI continuously rising
• Bullish movement indication at 650

Post-Afternoon Changes

• Situation unchanged from 9:30 AM to 1:30 PM
• Market remained in range after 1:30 PM
• Potential call trade, weakness indication

Closing and Key Points

• One put entry and one call entry, but neither hit the target
• Avoid excessive trading
• Call trade could have closed in profit
• Overall view: A day of limited gains and small losses

Related posts:

Chapter 3 | Defining Support and Resistance Free Community Class and Nifty Post Market Analysis of 15th July and QnA By Gopal Sing Sir and AOC Team Chapter 4 | Types of Support and Resistance Chapter 1 | Introduction to AOC