NIFTY Fut. at Premium. Beginning of Last Week, it was Discount: 21.45 POINT
Covered 22.45 POINT
As mentioned in Previous post "10812 - 10798 (SUP. - RES. Cross-Over Point) Looks Cruciall". Attempt Several Time in last Trading Day, But unable to Cross. (Watch Orange BOX arena in Chart)
Levels for Coming Week mentioned & plotted on Chart. Watch Previous Posts How Level Works.
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Highest Ch in OI Seen at 10700PE 546,675 & Total OI(as of NOW) 3,568,350, Also Next Ch in OI Seen at 10800PE 462,450 & Total OI(as of NOW) 1,759,425 Though Ch in OI Seen at 10800CE also near to 10700PE, i.e. 350,475 & Total OI(as of NOW)3,766,050.
Noticeable thing is NIFTY Fut is Now at Premium, Compare to Last Week (week ended on 29/06/2018) 23 point Discount.
Think major PUT Writing at 10700PE as well as 10800PE.
LONG NIFTY Fut. in BTW 10730 - 10750 may be a better Option, Keeping SL below 10698 (Closing Basis)