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September Index Futures and Options Outlook – Updated

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Nifty september futures tested intraday high of 8200 on 9th September and fell close to a low of 8107. Currently nifty maintains the positional buy since 13th August and the support zone comes around 8074.51 reverse your position to positional sell mode if the support zone breaks on the hourly charts.

Nifty futures hourly charts
NIFTY

Bank Nifty september futures tested intraday 16295 on 9th September and still the steam in bank nifty futures remains and holds above 16200 level. Currently bank nifty futures maintains the positional buy since 18th August and the support zone comes around 15872.4 reverse your position to positional sell mode if the support zone breaks on the hourly charts

Bank Nifty futures hourly charts
Bank Nifty

Open Interest Details

Open Interest

Still 8000PE open interest holds highest among the option strike price and holds right from the beginning for the option series. Looks Option writers are pretty strong in writing 8000PE options so far and they strongly believe that nifty will close above 8000 this september expiry.

Nifty 8000PE Hourly charts
Nifty 8000PE

Related Readings and Observations

The post September Index Futures and Options Outlook – Updated appeared first on Marketcalls.


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