The bullish momentum continued in a wider market with a nifty touched the highest 18.320 in the last four weeks and closed around 18,282.70. The index is only 300 short points from fresh all-time.

Nifty Futures during this week ranges from 18,320 to 17,905, ending a week with an increase of around 2.40 percent. Nifty witnessed a long built-up in front (open interest) in front of the week passed.

Bank Nifty, on the other hand, performs badly from Nifty as if it was only 1.5 percent obtained over the past week. Bank Nifty is traded in the range of 38,957-38,000 which is wider.

Bank Nifty rose more than 588 points last week and witnessed a long built-up in front of OI.

Furthermore, diving into the author of the upcoming weekly expiration of Nifty shows aggression by building more positions compared to the Author CE. Good direct resistance stood at the level of 18,300, where nearly 36 shares of Lakh were added, followed by 19,500 levels with 70 lakh shares.

On the bottom side, the direct support level was 18.200 where nearly 50 shares of Lakh were added, followed by 18,000 with the addition of 46 shares of Lakh.

Seeing the upcoming nifty bank weekly expiration data, direct and vital resistance stands at 38,500 (15 stock lakh). Meanwhile, on the downside, the level of support immediately established at 38,500 (18 shares of Lakh) was attended by 37,500 (11 shares of Lakh).

India Vix, fear measuring, decreased 6 percent from 17.60 to 16.48 for a week. India Vix is ​​traded near the lowest level of pre-covid accidents. Cooling at IV has provided relaxation to the market. Next, each downtick in India Vix can push the upward momentum in a good thing.

Seeing sentimental indicators, Nifty OIPCR for this week has increased from 1.258 to 1.28. Bank Nifty OIPCR for a week increased from 0.834 to 0.89 compared to last Friday. The overall data shows more PE writers over the author of CE in that matter.

Let’s move to a weekly contribution sector for obstacles. Most sectoral indices have contributed positively like that, the NBFC and oil collectively contributed nearly 250+ in a 429 nifty point increase. FMCG just contributes to the negative side.

Let’s look at the top stocks and losers a month in the F & O segment of the bank with more than 15.3 percent, followed by PVR at 13.9 percent and Indian hotels of 13.5 percent. Motherson Sumi led a squad that lost more than 21.9 percent, followed by an idea of ​​15.8 percent and Wipro at 9.9 percent, for a week.

Considering a bullish together momentum, upcoming weeks can be approached with low risk strategies such as modifying butterflies in good things.