NIFTY - MONTHLY EXPIRY (SEPTEMBER 24TH)

NIFTY ANALYSIS
AS PER THE FUTURES DATA OF ORDERFLOW THERE ARE NET SHORT POSITIONS ON CLOSING INDICATING SOME BEAR SIGNS.
NIFTY HAS A HURDLE AREA OF 11180 AND 11240 LEVELS ABOVE WHICH (IF BROKEN) CAN TEST 11280-11300 LEVELS.
ON THE DOWNSIDE A SMALL SUPPORT OF 11065-11080 LEVELS AND A STRONG PSYCHOLOGICAL SUPPORT AREA 11000-11020 AREAS IS VERY CRUCIAL FOR THE INDEX.

NIFTY OPTION CHAIN ANALYSIS
AS PER THE OPTIONS CHAIN DATA THERE HAS BEEN PUT UNWINDING AT 11300 TO 11150 AND GOOD AMOUNT OF CALL WRITING AT ALL ABOVE STRIKE PRICES INDICATING MARKET SENTIMENTS TO BEARISH. HOWEVER 11000 IS CARRYING GOOD AMOUNT OF PUT WRITING WHICH SHOWS THAT IT IS A VERY CRUCIAL SUPPORT OF THE INDEX.

DEMAND AREAS - 11080-11120 // 11000-11020
SUPPLY AREAS - 11220-11245 // 11280-11300