Verdict:
1) PRICE_ACTION: DIVERGENCE indicating
CONTINUATION OF UPTREND, and
price-action is also following (BLUE) TrendLine
2) DELIVERY : Reduced from 5.07 lac to 2.88 lac.
3) OI : Increasing from 3 days (July Series) with
2.47 lac contracts added on Friday vs 67.5k
contracts added on Monday (today)
4) Options : Highest number of contracts added
(20.5k) @ 2350 CE (Call writer expecting that price
will not cross 2350 level, which is in line with my analysis. Price is expected to reverse from 2330)
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Analysis shows BUYERS & SELLERS have shown least
interest today (Monday) hence doji like pattern.
Expected to open above 2300+
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Expected to move UP tomorrow (Tuesday). Next target will be
2330. (Keep an eye on OI change on nseindia.com before
entering into any trade, for price to sustain upward
move OI should increase)