Monday 18 June 2018

Weekly Equity Report


Nifty Weekly View

Markets witnessed a volatile trading session with Nifty recovering its opening losses in the last one hour of trade. Nifty remained resilient, witnessing an identical recovery in the latter half of the session for the second day in a row. Nifty has formed a spinning top candlestick pattern on the weekly chart, hinting a formation of immediate resistance at 10950 levels.

Weekly Chart


Open interest for the week



Monday
Tuesday
Wednesday
Thursday
Friday

23235750


23730675

24551625


23866125

24638775

Most Active Nifty option

Scrip
Strike price
Option type
Open interest
Nifty
10700
PE
4801125
Nifty
11000
CE
4354425
Nifty
10600
PE
4354425


Bank Nifty Weekly View
Bank Nifty ended the week on a flat note, the index traded sideways for the third week in a row and has formed a bearish Dark cloud cover and Gravestone Doji candlestick pattern on the weekly chart, hinting a formation of immediate resistance at 27000 levels.




Weekly chart



Open interest for the week


Monday
Tuesday
Wednesday
Thursday
Friday
2585400
2669480

2788360

2758840

2676680


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