Market Setup Information for September 5, 2024.

 Here’s a summary of the key points

1. Global Markets:
   • US markets closed higher (Dow Jones +38 points).
   • Dow futures are trading higher (+20 points).
   • Asian markets are on a positive note.
   • GIFT Nifty is up by +110 points.
2. Data Analysis:
   • FII: +975 crore
   • DII: +97 crore
   • Net inflow: +1072 crore
   • Nifty PCR: 1.08 vs 1.20
   • India VIX: 14.37 (+3.86%)
   • Highest OI: 26000CE & 25000PE
   • Max Pain: 25200
3. FIIs’ Data in Index Derivatives (Change in number of contracts):
   • FUT Long: -6559
   • FUT Short: +12181
   • CALL Long: +13065
   • CALL Short: -163569
   • PUT Long: -129599
   • PUT Short: -278780
4. Technical Outlook (Nifty Spot):
   • Nifty took support at 10-DMA after the first pullback.
   • Resistance Zone: 25280-25330 and next hurdle at 25500.
   • First support at 25165 and key support at 25080-24980.
5. Technical Outlook (Bank Nifty Spot):
   • Bank Nifty also took support at 10-DMA.
   • Resistance Zone: 51750-51950 and next hurdle at 52300.
   • First support at 51400; key support at 51100-50800.

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