#NiftyFuture noon update and Open Interest Analysis

While updating NiftyFuture were trading @ 15810

NF opened at 15852 and marked a high of 15889.90 then falling up to 15805

As per open interest side, 15900CE and 15850CE seems highest OI

PE side, 15800PE  followed by 15700PE seems highest OI

Overall highest OI seems CE added more than 6.5 crore and PE side 5 crore

Which is indicating sell on rise and expecting further weakness

Now, NiftyFuture considering support at 15785 (last three day’s support)

Thereafter will try to check 15750-15720

Resistance 15830, 15850 and 15880. Stay caution at higher levels!!

More live market update will be sent to my clients only

Updated: 12.06 pm / 08th July 2021