Nifty, Bank Nifty and USDINR Analysis for 28 Jul

 Chart:

NIFTY daily candle Bearish engulfing but there is support at the bottom. Weekly candle indecisive. Monthly strong BANKNIFTY daily candle Bearish engulfing but trendline support at the bottom. Monthly timeframe neutral to strong USDINR again sticking at 82

Open Interest:
Early to say anything because it is just day 1 of new expiry. But 19800 has resistance
PCR:
0.8 but early to say anything
FII Option:
63k calls sold, 1.1L puts sold - bullish
FII Futures Data:
3000 Cr sell - bearish
FII Stock Data:
4000 Cr sell
Verdict
Charts look bullish in the long term. Still a buy on Dips
Trades?
Wait and watch for a good entry

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